Prepaid Card
What is Prepaid Card?
A prepaid card is a payment card that is loaded with a specific amount of money before it can be used. Unlike credit or debit cards, it is not linked to a bank account, making it a useful tool for budgeting or for those without traditional banking access.
Why It Matters
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Limits spending to the amount pre-loaded on the card, helping with budget control
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Provides a secure way to pay online without exposing a primary bank account
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Offers a viable payment option for individuals who do not qualify for traditional credit cards
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Can be used as a convenient and safe alternative to carrying physical cash while traveling