1. Watch out for common prepaid gift card scams. Most prepaid debit cards and prepaid credit cards are well exposed in display stands in shopping centers and department stores. And this makes it very easy for con artists to perform fraudulent activities. Imagine by simply using the details and expiration dates on the cards that they have seen, they can eventually claim the cards their own. And they can even run large balances on cards that they do not physically possess.So to avoid being ripped off by gift card scams, you must resolve to buy prepaid cards only from vendors that keep their cards behind the counter and out of sight of consumers.
2. Be careful when buying online. Remember that con artists have also infiltrated the realm of the World Wide Web. And if you will not be very careful, you can still end up succumbing to the fraudulent online activities employed by scam artists. So, before signing up for a purchase, make sure that the online company you plan to do business with has a license or accreditation with the federal government and other accrediting bodies. This way, you can have the assurance that the online vendor you plan to deal with will handle your prepaid debit card or prepaid credit card information with utmost confidentiality.
3. Load a substantial amount on your card. Always remember that prepaid debit cards and prepaid credit cards impose charges every time you load money onto your card account. So, as much as possible load at least $100 to $200 at a time. This way, you can avoid making substantial payments on re-loading fees and charges.
4. Keep track of your balance. Companies that offer re-loadable prepaid cards usually provide online banking services to their clients. So take advantage of these platforms so that you can constantly monitor the available balance you have on your prepaid card account.
5. Protect your gift card. Bear in mind that your prepaid debit or credit card contains substantial sums of money. So treat it like cash and keep it safe all the time. Never let it out of your sight especially when you make purchases and pay your bills, either through offline or online shopping portals.
