Tag Archives: debit card
Why a Prepaid Debit Card and Not a Credit Card?
Prepaid debit cards are a good alternative to credit cards for anyone who is trying to control their spending. A prepaid debit card allows a consumer to deposit their money into a virtual account that can be accessed through a debit card. Once the funds are depleted, the consumer cannot spend anymore.
Unlike a credit card, a prepaid debit card does not allow a consumer to spend money he or she doesnt have. This prevents the consumer from racking up debt that he or she cannot pay off. Additionally, there is no interest charged on a prepaid card, and no bills to pay at the end of the month.
All these make the prepaid debit card a more responsible tool for budgeting and spending money, at least compared to a credit card.
In addition to controlling spending, many people like to use prepaid debit cards to send money abroad or give a gift to a relative or friend. Since these cards are easy to load and mail, they are ideal for people who need to send money abroad. In fact, they are safer than sending cash or checks through the mail, since many cards are able to be re-issued if the proper paperwork is kept. These debit cards can be used in many countries. A Visa debit card is particularly convenient since it can be used at thousands of stores and restaurants that also accept a Visa credit card.
Unlike credit cards, debit cards do not charge interest, but there are a few fees involved with using them. Just like a checking account at the bank, most prepaid cards will charge a maintenance fee once a month, as well as a small transaction fee when the card is used. Prepaid cards such as a Visa debit card do this in order to recoup their costs for issuing the cards and transferring the money from the card to the merchant or to other accounts. However, these payment and transfer fees are very low compared to those charged by banks for similar transactions.
All in all, prepaid debit cards are a great way to control spending through the holiday season, an excellent alternative to a high fee checking account, and an inexpensive way to transfer money to relatives and friends abroad.
Instant loans: Grab funds instantly after applying for it
Do you believe in getting loans in emergencies? For some it is just nothing but wastage of time and for some, there cannot be anything as best a reliable source of funds as the loans. If you are confused as to which party of believers you should join then do not choose anyone of them. Simply choose to browse all the money lending online sites and then go through the loans that are currently available and are ruling the market. One worth-naming loan among all such is the instant loans, after knowing about which you will feel like getting it immediately.
These loans are available for all kind of borrowers but before that one will have to meet all these grounds:
& 61656; An age of 18 years
& 61656; A bank account
& 61656; A debit card and
& 61656; An income of minimum £1,000 per month
Once you qualify these grounds, no one else will be there to turn you down in these debit card loans. You can in fact, qualify after being a bad credit holder too. A few nameable poor credit records that you can hold and can still apply in the instant loans include County Court Judgements, defaults, late payment, arrears, bankruptcy or IVA.
Now, let’s talk about the amount offered in these loans and the things that will be easy for you to handle through it. As the debit card loans provide a maximum of £1500 for 31 days, you will be able to manage lots varieties of things. A few nameable things among these are like paying off your loan instalments, repairing your car, paying your grocery bills, electricity bill, home instalments, medical bill or child’s examination fee. So, you can see that it is just one loan and is enabling you to handle great varieties of purposes.
Another great advantage for possessing which these loans have been able to be the favourite of so much so borrowers is that these are no credit checking loans. That means, without showing your credit score you can borrow money in it and that saves a good deal of time too.