Bankur.com - Personal Finance and Investing Advice » prepay credit card http://bankur.com Educating the Masses on Personal Investments Sun, 14 Nov 2010 05:57:15 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Prepaid Master Card http://bankur.com/prepaid-master-card/ http://bankur.com/prepaid-master-card/#comments Wed, 25 Mar 2009 02:26:08 +0000 Banker http://bankur.com/?p=138 Prepaid master card
Prepaid cards are the recent growing trend nowadays. Not only a trend but also safer to carry without even bothering about losing or some stealing it from you. Pre paid master cards are very sophisticated form of carrying cash. You can load the card with some prescribed amount and you can use the card till the money in the card is used and then again you can reload the card with money. You don’t have to be scared of the monthly bill or over dues because you are using your money and not on the banks credit. If you have money you can reload it or you can wait till you earn and then load. Most of the banks provide pre paid master cards these days in the motive of making life easier for customers.
There are many types of pre paid cards to choose from. First is the general purpose card which can use like your debit cards. You can use it if you have money loaded in the card. Most of the shops which accept credit card also accept pre paid master cards.
One more use of this pre paid master card is you can use it for gifting purpose. You can load some amount of money and gift to your loved ones. Now they can use it wherever they want. Some banks even allow you to customize the card and send it to your friends or relatives.
One more form of pre paid master card is it can be used as travel cards. You don’t have to afraid of carrying lot of cash in your pockets when you travel abroad. This is an alternative to travelers check as well.

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