Two Things You Need To Know About Prepaid Debit CardsWritten by Gunnar Berglund
Continued from page 1
to arrive, you can simply tell your tax preparation service that you would like to have your refund loaded onto your prepaid debit card. Once you have your prepaid debit card “loaded” you can make arrangements with your bank to assign it a routing number so that you may use it just like a checking account. Another new use of prepaid debit cards come from currency exchange companies, better known as remittance services. The usual remittance companies such as Western Union and MoneyGram are facing new competition from small companies who are targeting immigration population by offering speed and convenience in sending money on-line using a bank account, a credit card or a PayPal account. The customer simply electronically “loads” desired amount onto a Visacard which is then mailed to beneficiary.With help of internet, potential to send money via “loaded” cards is without precedent. The ease, speed and convenience of such services are becoming so popular that many companies are aggressively marketing prepaid debit cards to consumers through customization. Visa, for example, has a prepaid debit card marketed exclusively to teens, know as Buxx. American Express has TravelFunds Card marketing “for people on go” and MasterCard has its I-Gen MasterCard marketed to those who prefer to either forego traditional checking accounts or keep only a minimum amount while “loading” their card with cash their budgets dictate they can spend.
© Gunnar Berglund>br? Gunnar Berglund has been working on the Internet for about five years and run http://www.global-prepaid-cards.com since September 2003
| | Credit Cards - Why Prepay?Written by Gunnar Berglund
Continued from page 1
Use your prepaid credit cards almost any place where MasterCard or Visa cards are accepted, without racking up any interest charges whatsoever. Got kids? A prepaid credit card makes a great instructional tool and present. Buy them one for an initial setup fee (usually from $5-50), and let them pay smaller fee to renew it when it runs out. Explain that if they let it lapse they have to start all over again with a much larger fee than if they simply renewed in a timely manner. Suddenly, your kids become financially responsible! Pre-funded cards are not a bad way to keep your own finances in line either. Just come up with initial scratch and you're on your way to enjoying ease and flexibility of plastic again!
© Gunnar Berglund>br? Gunnar Berglund has been working on the Internet for about five years and run http://www.global-prepaid-cards.com since September 2003
|
