====== Prepaid Card ======
[[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]]

A **Prepaid Card** or **Prepaid Debit Card** is much like a [[dido:public:ra:xapend:xapend.a_glossary:g:gift_card]]. It allows you to spend whatever amount of money is stored on the card. Once the balance is used up, you can reload the card online or at an ATM, a participating store, or other physical location. Prepaid debit cards are issued by banks and branded by major credit card companies, including Visa, MasterCard, Discover, and American Express.

  * A prepaid debit card can be a useful alternative to cash.
  * Prepaid debit cards are an option for people who don't have a credit card or access to a regular debit card connected to a bank account.
  * There are many fees associated with prepaid debit cards, so it's important to shop around for the best deal.

Source: [[https://www.investopedia.com/ask/answers/042315/how-do-prepaid-debit-cards-work.asp ]]


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