| Homepage
Prepaid Card Program

Prepaid Card Program

🕔08.Apr 2014

What is a prepaid card?

What essentially defines a prepaid card, an aspect that differs from that of a regular Master Card or Visa credit card is the fact that it can be used the same way, but the only primary difference is that the funds available for spending for a prepaid card cannot exceed the amount that the cardholder has added.

Though credit cards and prepaid cards differ, they are the same in the sense that a prepaid card can be used to make purchases whether it’s online or at retail stores or even at an ATM. These prepaid cards can be used at a variety of different locations as long as Visa and MasterCard are accepted, as these prepaid cards are a MasterCard and Visa brand.

How Prepaid Cards Are Beneficial Over The Regular Credit Cards


You might have certainly used the Master, Visa debit cards and credit cards. The debit cards are linked directly with your bank accounts and can make you spend more than the limit. A regular credit card does the same. It creates an unwanted debt which you have to pay voluntarily. On the other hand a prepaid credit card can be used in both the ways, as debit and credit card but limiting the amount which you spend. Not only this, it has other uses too which are far beyond the imagination of a normal debit card holder.

Do you wish to keep all your personal and business expenses separately? It gets complicated if you spend money directly through your bank account; but if you do it through a prepaid credit card you load only a limited amount onto it and thus there remains a record of how much has been spent. We suggest using a separate card for both personal and business expenses.

Apart from just spending in limits, a prepaid credit card helps the users in the following ways too:

Keeping proper track record of your expenses

Every transaction you make while using a prepaid card is recorded and once the limit is over, it stops making any transaction. To keep a track record you will get a printed slip whenever you need it to make a note where and when they’ve been incurred.

Limits the Expenditure

The prepaid cards are the best alternative to debit cards for parents when they want to give it to their children. If the kids are staying apart they can hand over one such card to them and load only that amount onto it which is useful for him to shop, spend for studies and for other students’ expenses. This way they will develop a habit of spending under a limit from a very early stage in life.

No risk of debts

With a prepaid card you load a particular amount onto it and then spend it. It means that you are not borrowing from the bank or other finance company when you use cash or make purchases. Hence, there is no need of returning it to anyone and no issue of debts.

The points mentioned above are only very few benefits of using a prepaid card over debit cards and credit cards issued by banks. If you wish to take complete advantage of the cards, get one for yourself today!

Similar Articles

Co-branded card programs

Co-branded card programs

One of the leading and prominent card issuers is CSCI, which is the most successful

Traditional Credit cards and prepaid card programs

Traditional Credit cards and prepaid card programs

Basically, what these programs are meant to do is to form a partnership between the

Prepaid card programs, debit card programs and co-branded card programs

Prepaid card programs, debit card programs and co-branded card programs

These co-branded prepaid card programs help in establishing the trust of the customer while at

International Insurance Payments with CSCI Co-branded Card Programs

International Insurance Payments with CSCI Co-branded Card Programs

Another thing that CSCI offers to clients is what is known as insurance payout solutions,