The application of Pre-Paid Cash Card for Consumers

Prepaid cash card looks like credit and debits cards and they offer the same ability to purchase goods and services but you can only spend the balance that you have preloaded onto the card. That’s mean there is no risk of running into debts as it has no credit or overdraft facility. That’s the difference between prepaid cash card and credit or debit cards.

A Pin number will be given to consumers when purchased and once the money has been credited, it can be used as a credit or debit card. Money can be loaded onto a prepaid card by cash at bank, post office, at Payzone or Paypoint terminals or via a bank transfer. However, not all prepaid providers offer all of these loading options, so consumers need to bear this in mind when comparing deals as some are more flexible than others.

By using prepaid cash card, there are a lot of advantages. The main advantages of prepaid cards include:

· Availability - there are no credit checks, which means you can get a card without worrying about your credit history. All prepaid card providers will carry out an identity check to confirm you are who you say you are.

· Control - prepaid cards are an ideal way to budget for yourself or help to manage your children's spending. Like a credit card you get a full breakdown of spending on the card so you can see what has been purchased, who from and when.

· No debt risk - with a prepaid card there is no chance of spending too much as you are limited to the amount you put on your card.

· The card for travel – prepaid cards are a good option if you are going overseas. They are popular with students heading off on gap years and children who go abroad on school trips as parents can load them up here in the UK. However, the benefits are not restricted solely to young travellers - any holidaymaker can take advantage: prepaid cards offer a good alternative to travellers' cheques.