Here’s a simple fact: how a person handles their money can greatly affect which payment method is best for them. For example, a thrifty and more responsible spender is often better suited with a credit card, those who don’t make big purchases find that a debit card is just right for them, and people who need a little extra help to manage their spending find that a prepaid Visa card is a perfect alternative to debit and credit cards.
Yet this doesn’t mean that prepaid Visa cards are only right for the latter group; in fact, we’ve gathered some of the best reasons as to why you should consider getting a prepaid Visa card today!
You Can Avoid Hidden Fees. Let’s face it – debit and credit cards are loaded with hidden fees that are designed to drain away your hard-earned money. Overdraft penalties and outrageous interest fees are causing more consumers than ever to turn to prepaid Visa cards in an effort to avoid these costs. Prepaid cards have no interest charges or overdraft penalties. So if you hate getting socked by hidden charges – and who doesn’t – then a prepaid Visa card is right for you.
It’s A Convenient And Secure Payment Method. If you’re a fan of online shopping or paying your bills online, then you’ll love prepaid Visa cards, as they offer a safe payment alternative to debit and credit cards. If your account information is ever stolen by online hackers and thieves you’ll be protected by Visa’s Zero Liability Protection Policy against fraudulent use of your card.
It’s Accepted Everywhere. It’s no secret that Visa credit and debit cards are accepted all over the globe – and your prepaid Visa card is no exception! From the heart of the big city to a remote tropical island, you’ll be able to conveniently use your prepaid Visa card for any purchase.
There’s No Credit Check Required. Since you’re loading up your prepaid Visa card’s balance with your own money, banks don’t require a credit check in order to issue you one. This is especially useful if you have a poor credit score, as you’re guaranteed approval with a simple ID validation! Additionally, some of these cards can help you build or establish a credit history – and a good credit history is the key to getting the best rates on all sorts of financial products like mortgage loans and car insurance.