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Making Sense Of International Prepaid Credit Cards And Online Prepaid Card

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By Author: Hilmi Raja
Total Articles: 13
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In case you don’t know what prepaid cards are, here we go. They are plastic cards that look just like credit or debit cards. They have a card number, a chip and a signature strip. However unlike credit cards that are linked to your bank account, these cards rather allow you to spend money you have loaded in your card. This helps you stay in complete control. These International cards allow you to use your cards at millions of locations and withdraw cash from ATMs that display the logo of your card provider (example MasterCard and Visa). Reloadable cards allow you to fill in more money as and when you need. This eliminates the requirement of having new card from time to time.

Why should have International prepaid credit cards?

It is a good idea to take a credit card to fund your holidays. It is a much convenient way to pay and give you the same payment protection that you enjoy in the home country. But every good thing comes at a cost and with these cards; you got to pay the premium cost. For example if you are planning to use credit card abroad, be ready to pay supplementary charges such as foreign exchange fee and this might add up as much as 3% per transaction. This cost is going to be over and above what normally you would pay for owning credit card. You are going to face same kind of charges even if you plan to use your debit card.

The cost is going to pile up even more if you have any plans to withdraw travel money from a foreign ATMs using your debit or credit card that isn’t designed for overseas uses.

The real benefits of the International prepaid credit cards shine here. These cards are loaded with funds before you take off for the foreign land. These are attractive option. This also means that you don’t have to carry excessive amount of cash with you or even travelers cheques. These cards are also a cost effective alternative to using standard credit or debit card.

Many banks allow you to design and obtain an online prepaid card for their customers. These cards are great for online shopping and works similar to your Master or Visa Credit or Debit card. You just have to input card details similar to as what you would do with your master or debit card. When you use your online card, the money immediately gets deducted from your amount you have topped up in to your account and not from your bank account or from a line of credit as long as you have sufficient money in your account.

Advantages of Online prepaid card
• Easy top-up
• Funds transfer for your bank account
• Online through a bank account
• Standing order

Prepaid cards are seen today as modern day’s traveler’s cheque. This obviously is not a risk free way to carry money but obviously the safest way to carry money while traveling abroad.

This article is written by Hilmi Raja on behalf of card-dna; this is having topics on International prepaid credit cards, online prepaid card and many more. For more details visit: card-dna.biz

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