Visa Pre Paid
If you have not joined the millions of people who use Visa pre paid debit cards, you might wonder what you are missing. In fact, there are many benefits to using prepaid cards rather than traditional debit or credit cards. Not only can they be convenient, but they can also provide benefits that the other cards do not have, including helping you keep a handle on your spending.
When you use a KAIKU Visa prepaid debit card, you have fast and easy access to your money. Not only can you use the card wherever cards are accepted, but you also have access to thousands of ATMs in the network so that you quickly and easily access your cash. Using network ATMs is free, so you don't have to worry about fees cutting into your purchasing ability.
Protection from Fraud or Theft
Some companies that offer a pre paid Visa also offer fraud protection and have FDIC insurance. This means that if your card is lost or stolen, you will not be responsible for the purchases that are made. There may be certain restrictions, such as making sure you report the problem as soon as possible, but this kind of protection means that you are safer than if you were carrying cash. If cash is stolen, there is usually not much you can do about it. With a pre paid card that offers you protection against theft, you have the convenience of knowing exactly how much you have available to spend without the fear of your cash being stolen.
With a pre paid card, you can give your children a way to learn how to manage their own money wisely. You can load their card with their allowance and teach them how to budget their money with an easy to understand plan. They will quickly learn that they can't spend more than they have when they try to purchase something and the card is denied because there is not enough money available on it. In addition, the mobile banking applications can help them keep better track of the amount they have and help them to make better spending decisions. By teaching your children how to budget and to live within their means, you are giving them an important life skill.
Save for a Large Purchase
Another benefit to the pre paid Visa card is that if you have a purchase you wish to make, you can save for it by loading money on the card either on a regular basis or whenever it is possible until you have enough on the card to make the purchase. This helps you avoid interest payments you would be making if you had made the purchase on a credit card. In addition, it helps you appreciate your purchase more because you had to work for it and save for it a little longer.