Saturday, April 28, 2018

How To Make Use Of A Co-Branded Prepaid Card

By Ed Haem


Prepaid cards are a great way to make purchases without going into debt or over a fixed limit. They are perfect for those individuals who need to manage their money effectively. A prepaid credit card is not actually based on credit.

MasterCard and Visa prepaid cards, credit cards and debit cards are generally the most used credit cards due to the fact that these cards can function anywhere in the world.

In order to make credit transactions, you first need to purchase a prepaid credit card. Many banks, financial institutions, and even stores will provide you with the reloadable card according to your requirements. Cards with co-branded card programs are also available for purchase from MasterCard and Visa.

Money That is Readily Available The importance of this feature in a MasterCard or VISA prepaid card or credit card cannot be emphasized enough, as they come in handy during emergencies.

At a Retail Store Head out to a retail store and select the merchandise that you want to purchase. Keep this in mind that you will not be able to buy more than the money stored on the card. At the checkout counter, present your card to the cashier.

Remuneration and Reward Points The users of credit card programs are offered various rewards like discounts and free coupons. Majority of the Visa and MasterCard programs offer such remuneration and rewards to their customers including free gifts on reaching specific points, discount coupons for certain stores, gift hampers and more.

At a Gas Station Gas stations work the same way with a credit card and a prepaid credit card, as long as you have enough money stored in your card. Swipe your card at the pump to pay for you gas or ask the attendants to help you with the process.

Recording and Documenting Transactions The credit card system records and documents all the transactions made by the users which helps them in keeping track of their expenses in a proper way. They can keep tabs on how, when and where they spend their money. A printed receipt is also sent to the credit card holder which shows all the transactions made. You can easily keep a record of this receipt with all your other financial documents.

For Utility Bills You can also use your prepaid credit card to pay your monthly utility bills with ease. You can pay the bills online or in person, the choice is yours! Simply enter your card number online or ask the attendant at the counter to swipe it with a credit card machine and the bills are paid. The ideal prepaid cards are those that are associated with a co-branded card program.




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