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.
What Are Credit Cards? Good question, a lot of people are often at a loss when it comes to distinctions between a credit card and a debit card. Unlike debit cards, credit cards are not a part of the debit card programs; they also have rewards accumulating on their use but not under that program.
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.
Credit Cards Credit cards look just like debit cards, but there is one minor difference, the money which is within a debit card is your personal money or savings, whereas the money within a credit card is the amount of money which is given to you to be used by the bank.
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.
You can free yourself from chains as well; these cards do not limit you to a certain method of usage. You can use them to do some online shopping, or to book yourself a nice trip, with a comfy hotel room, and some pretty cool tours as well. The perks of debit card programs just do not end!
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.
If more money is needed you can recharge once again, if there is money left in the account you can utilize the amount in the next transaction you make.
What Are Credit Cards? Good question, a lot of people are often at a loss when it comes to distinctions between a credit card and a debit card. Unlike debit cards, credit cards are not a part of the debit card programs; they also have rewards accumulating on their use but not under that program.
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.
Credit Cards Credit cards look just like debit cards, but there is one minor difference, the money which is within a debit card is your personal money or savings, whereas the money within a credit card is the amount of money which is given to you to be used by the bank.
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.
You can free yourself from chains as well; these cards do not limit you to a certain method of usage. You can use them to do some online shopping, or to book yourself a nice trip, with a comfy hotel room, and some pretty cool tours as well. The perks of debit card programs just do not end!
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.
If more money is needed you can recharge once again, if there is money left in the account you can utilize the amount in the next transaction you make.
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A VISA prepaid card can also provide you advantages upon the usage of the card. The card allows you to benefit by giving you minor advantages and leverages 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.
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