The Application of Pre-paid Cash Card for Consumers

d Prepaid cash cards are plastic cards. It works almost looks like a credit or debit card, and gives users the ability to purchase products and services with a card but with a critical difference - you can only spend the balance that has been preloaded onto the card. This means there is no risk of running into debt as it has no credit or overdraft facility. Prepaid cash cards can be used to make payment for goods and services as well.

Money can be loaded on to a prepaid cash card before any purchase transaction. That will be your spending limit.

Application of Prepaid Cash Cards :

You can use your prepaid cash card in several ways such as
'Pay the bills like rent, utilities, insurance, car payment, and cell phone bills;
'To shop online, you'll find the item you want to buy and click on to the website's "checkout" page before filling in your details and those of your prepaid card. As long as you have enough cash loaded on your card;
'Pay for toll by using Touch n Go card, it can be used at all highways in Malaysia. Touch n Go also can be used in KTM and LRT and that can be used in car park of any shopping mall.

There are several examples of prepaid cash card:

aMasterCard Gift- Travel and General Purpose Prepaid cards are quick and easy to use, safer than cash, more flexible than gift certificates or single merchant gift cards or travelers cheques,

are often reloadable, and deliver the peace of mind of Zero Liability.

aKing Grant Money- You preload with an amount of money in that country's currency, then you can use the card at any store, or airport or anywhere, were Master card or a Visa card van be used. It lowers your transaction costs. When you are traveling with your Credit card, you are making debt as you go, and then they charge a lot for that transaction.

aPre-paid Vista Cash Card- It is issued by Four Oaks Bank & Trust Company, is a stored value card designed for those who may have difficulty in obtaining a standard unsecured credit card and do not need to build or establish their credit. The card does require a banking account to be opened when applying online or a security deposit to be made through the mail. It also requires payments in advance, which is then used to offset future purchases made with the card.