Prepaid debit cards may not be as popular credit cards in the past years but that sure is changing. A lot of people are getting debit cards even if they already have regular credit cards. What are the benefits? Consider the following:
1. Set your own spending limit. Because prepaid cardholders are not given credit lines, they cannot be used for advanced purchases. That limitation can actually be an advantage. Decide how much you plan to spend with your debit card each month. Once you made the deposit, do your best to follow the plan. Don’t be tempted to make a new deposit when the cash in your debit account has been used up. Stick to your budget.
Continue reading 8 Benefits of Using A Prepaid Debit Card
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