Tuesday, January 6, 2009

The Benefits of Using Prepaid Debit Cards

12:20 PM by nurliana purba · 0 komentar

When applying for a prepaid card, there is no need to worry about getting rejected because of one's dismal credit history involving previous banks. One doesn't even need to have a bank account to avail of a prepaid card, only the willingness to present personal information, government-issued identification, and a six to ten dollar fee, typically collected after the prepaid card is first loaded.

The world of plastic payment has an exclusive side that cash payers cannot penetrate. One cannot purchase items online with old-fashioned green paper, for example, nor can one make instant, long-distance reservations to hotels or airline flights. Credit cards have made for a convenient, secure, and easily accessible way to pay without having to actually be there to give money. For those who have fallen from grace but still want to avail of these increasingly significant financial perks, prepaid debit cards offer the ticket back into the electronic payment scene.

One can easily open a prepaid debit card and after depositing money onto the card, use it anywhere a credit or debit card would normally be used, including the purchase of goods and services both off the counter and online. What sets prepaid debit cards apart from conventional credit cards, aside from the fact that prepaid card accounts do not have monthly billing periods, is that there is absolutely no chance of falling into debt because of one's credit expenses. Prepaid card accounts work by only allowing its users to spend what is on their remaining balance. There is no risk of overspending or having to pay interest. People who have had a history with these potentially problematic factors can curb their indulgences by signing up for a prepaid debit card account.

Resource Box

MiCash Inc. is a leading provider of financial services and a pioneer at offering prepaid card services for underserved or non-banking consumers. Cardholders can experience the same privileges conventional banking people have without worrying about falling into debt or paying interest. For more information about their products or to avail of their services, please call 1-866-642-2741 or visit http://www.micash.net.

By Jeff Paul