THE APPLICATION OF PRE-PAID CASH CARD FOR CONSUMERS

Many people are rejected after filling out a credit card application because of poor credit. The problem with this is that a major credit card is needed to make reservations for hotels, motels, car rentals and airline flights. Credit cards are also necessary when placing orders online or over the phone. Does this mean a person with bad credit can't do any of these things? Not if that person has a prepaid cash card.

A prepaid cash card account is opened by depositing money into that account; much in the same way you would make a deposit to open a checking or saving account. Once you have money in your account, you're issued a prepaid cash card that can be used anywhere one would use a regular credit card. The best part of the prepaid credit card is that you can charge to your heart's content and you won't be in debt. The money is yours and once it's gone, you can't spend any more until you make another deposit. There are no bills and no interest charges.

These cards are perfect to give to teenagers or children who are heading off to college. And employers are finding that giving prepaid credit cards to employees who travel or who entertain clients is an excellent way to control costs while away from the office.

The prepaid cash card can be used for:

• Purchases - Shop anywhere
  
  



• Money management for young adults



• Travel including reserving a hotel, flight and rental car



• Emergency needs



• Cash access at ATMs



• Employee wages & expenses



• Electronic payments



• Gift-giving



• Pay for toll – eg: Touch n GO



• Transfer money



• Pay bill