5 Reasons You Should Have a Prepaid Debit Card

1
Debit Card
2
5 Reasons You Should Have a Prepaid Debit Card
3
Introduction
Prepaid debit cards are a low-cost alternative to
traditional checking accounts, and are a proven
way to save hundreds of dollars each year in
inflated banking and check cashing fees. Prepaid
cards operate just like a bank account but incur
little to no fees in the process. Prepaid debit
card providers offer safe, easy-to-use,
reloadable cards that can be used to pay for
virtually anything everywhere Visa and MasterCard
are accepted. There are numerous benefits of
using prepaid debit card, but let's look at five
of the reasons you should have one of these cards
in your wallet.
4
Control Your Spending 
If you have trouble sticking to a budget and have
a tendency to overspend, a prepaid debit card is
a great tool for money management. Unlike your
average credit card or bank card that allow you
to overspend and rack up fees-as interest rates
skyrocket and minimum payments increase-you only
have access to the funds you put on your prepaid
card. You can even set up your prepaid card
account for recurring bill payments, and separate
these from discretionary spending to better
control your finances. Some people don't
qualify for traditional bank accounts or don't
have access to mainstream banking. Whether it is
due to location, credit problems, income, or
other issues, the inability to use traditional
banking services is referred to as "underbanked."
If this sounds like you, a prepaid debit card can
help. You'll qualify for a prepaid debit card
regardless of credit rating or income. You can
deposit your paycheck directly on the card and
use it anywhere credit cards are accepted.
Get a Prepaid Card Even If You Can't Get a
Traditional Bank Account 
5
Protect Yourself During Travel 
Carrying cash isn't the best option when you
travel. You're also putting yourself at risk when
you take your bank cards and credit cards with
you-especially if they are lost or stolen.
Prepaid debit cards are ideal for traveling
because you only load the money you need for your
trip. They're not connected to credit or bank
accounts, so if they are lost or stolen you won't
have to worry about losing all of the money in
your account or someone charging thousands of
dollars to your credit card. Plus, prepaid debit
cards are often insured if they're lost or stolen
so you can rest easier using your prepaid card on
your vacation. Identity theft continues to
rise, especially as a result of credit card data
being stolen. Many savvy consumers who are aware
of identity theft risks avoid using their credit
cards except in an emergency. While this is good
practice, when you don't regularly use your
credit cards and rarely check your balances, they
become a perfect tool for identity thieves. A
better strategy is to use a prepaid debit card as
an emergency backup because its data and
associated funds are much less accessible to
thieves.
Prevent Identity Theft 
6
Teach Teens about Financial Responsibility 
Teens need to learn financial responsibility as
early as possible. You can help them get started
by allowing them to manage their money on a
prepaid debit card. This not only helps you
monitor their spending, but also gives them the
opportunity to have a little financial freedom
without the risks associated with using a
traditional bank account or credit card. These
are just a few of the reasons why a prepaid debit
card is the best way to approach money
management. Whether you're a parent teaching your
kids about spending or you want to travel safely,
prepaid debit card offer you the flexibility,
affordability, and convenience that most banks
and credit card companies simply can't provide.
Sourcehttp//bit.ly/2cX7W59
7

• In addition, plastic credit comes with a
  responsibility of charges. Hence, you should
  ensure whether or not your current income can
  sustain that charges.

8
To know more about Debit Card visit
http//www.idbi.com/Debit-Card-Offers.asp

http//www.facebook.com/idbibank
https//plus.google.com/IDBIBank
https//in.linkedin.com/company/idbi-bank
http//www.twitter.com/idbi_bank
http//www.youtube.com/idbibank

• Thank You!