Debit Card, Credit Card And VISA Prepaid Card - What Are They?
It is easy to be confused between these three kinds of cards; debit card, credit card, and VISA prepaid card. There is a guide which will help you differentiate between the three. Debit Cards A debit card comes under debit card programs; this card is linked to your bank account. The money contained within a debit card is your own money. This money is not borrowed nor does it belong to another person. When you use your debit card to make purchases, you pay directly from your bank account; this saves you the time from going to the bank personally to withdraw cash, and is also faster and more convenient.
Debit Cards And VISA Cards- The Similarities Debit cards give holders the opportunity to avail perks from them. Debit card programs allow the owner, issuer, or holder of the card to receive a little bit of something on their use.
A debit card, like a VISA prepaid card holds a certain amount of money which the card holder can use; both cards have a certain amount within the cards, and the money belongs to the holder of the card as well. Unlike credit cards, neither debit cards nor a prepaid debit card has money which has been borrowed from a bank or a family member, nor friend.
Like a debit card, a VISA prepaid card also lets the holders of the cards receive perks on its usage. A prepaid card is like a debit card in the sense that it is recharged with a certain amount of cash; let's say you use your prepaid card at a gas station which offers points on every use.
What Are VISA Prepaid Cards? A VISA prepaid card is like a debit card in many ways, the card allows access to money as well, but the money belongs to the holder. Let us assume that you buy a gift card for a friend, but before you receive the gift card you have to pay for it.
VISA Prepaid Cards A VISA prepaid card allows the user the same access as a debit card does. The term 'prepaid' means to have already paid for, so basically it is your money stored within a card. This card can be in the form of a gift card as well; before you walk out of a store with a gift card you have to pay for it with the same amount of money. Some charge extra for it. In other words you get the same amount of money back in the form of a gift card which you can gift to a family member or friend.
A VISA prepaid card also allows you to use the card wherever you feel the need to use it. The card holds a certain amount which you load. Let's say you load US $1000 on the card; now you have that specific limit to avail however you like, but since the money is yours and it is already stored within the card, it makes the card a prepaid card.
Due to the numerous amounts of similarities between a debit card and a VISA prepaid card, it is highly possible to be a bit confused about both cards. Since both cards offer you the advantages of the debit card programs, it can get more confusing to distinguish between them. However, once you know the differences you can avail them to your heart's content.
Debit Cards And VISA Cards- The Similarities Debit cards give holders the opportunity to avail perks from them. Debit card programs allow the owner, issuer, or holder of the card to receive a little bit of something on their use.
A debit card, like a VISA prepaid card holds a certain amount of money which the card holder can use; both cards have a certain amount within the cards, and the money belongs to the holder of the card as well. Unlike credit cards, neither debit cards nor a prepaid debit card has money which has been borrowed from a bank or a family member, nor friend.
Like a debit card, a VISA prepaid card also lets the holders of the cards receive perks on its usage. A prepaid card is like a debit card in the sense that it is recharged with a certain amount of cash; let's say you use your prepaid card at a gas station which offers points on every use.
What Are VISA Prepaid Cards? A VISA prepaid card is like a debit card in many ways, the card allows access to money as well, but the money belongs to the holder. Let us assume that you buy a gift card for a friend, but before you receive the gift card you have to pay for it.
VISA Prepaid Cards A VISA prepaid card allows the user the same access as a debit card does. The term 'prepaid' means to have already paid for, so basically it is your money stored within a card. This card can be in the form of a gift card as well; before you walk out of a store with a gift card you have to pay for it with the same amount of money. Some charge extra for it. In other words you get the same amount of money back in the form of a gift card which you can gift to a family member or friend.
A VISA prepaid card also allows you to use the card wherever you feel the need to use it. The card holds a certain amount which you load. Let's say you load US $1000 on the card; now you have that specific limit to avail however you like, but since the money is yours and it is already stored within the card, it makes the card a prepaid card.
Due to the numerous amounts of similarities between a debit card and a VISA prepaid card, it is highly possible to be a bit confused about both cards. Since both cards offer you the advantages of the debit card programs, it can get more confusing to distinguish between them. However, once you know the differences you can avail them to your heart's content.
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A VISA prepaid card may additionally provide you advantages upon the usage of the card. The card gives you to benefit by giving you minor advantages and rewards upon each transaction the card is used to make. This is because it comes under the debit card programs which were made just for you.. This article, Debit Card, Credit Card And VISA Prepaid Card - What Are They? is released under a creative commons attribution license.
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