Eight benefits of prepaid cards

One of the best-known advantages of prepaid cards over traditional credit cards is their ability to help with financial management, but there are plenty more, less-known benefits. Here are 8 more reasons why prepaid cards are worth considering:

benefits-of-prepaid-cards

Efficient Budgeting Tool

If you are struggling to keep your spending under control, a prepaid card may be the solution you need. With prepaid cards, once the money in the account is spent, there is no way for prepaid cardholders to spend more. This makes prepaid cards great for budgeting, and it also makes them a great choice for those who manage finances for other people—they can give access to spending money without worrying that their dependent will exceed what’s available. Continue reading