What is International Prepaid Debit Cards?
It
is a credit card that has a stored value in it. It is the amount of money you
put into the card. Think of it as an ATM. Only here the difference is – a
prepaid card can be used to pay for items in a store at anyplace in the world
that accepts it. Also, when you withdraw money from it, there is a definite
charge you have to bare. Since it is a prepaid card, you are spending money
that is already stored in it.
A quick look at some of its advantages
· Since you already have money stored in it,
you will no longer have to wait or worry about billing dates.
· In a prepaid credit card, the money is safe
unlike carrying cash.
· If by any chance you lost the plastic in
foreign soil, you can ask for a replacement at the card company, and get back
the amount you had in it.
Note: Report the missing plastic as soon as
you realize that it goes missing. It is necessary because the issuer will then
block any unauthorized transactions may it be online, on-phone, or in-store.
Advice: If you wouldn't report your stolen or
missing card, chances are other people will use it.
What must you know before selecting one?
1.
When choosing the best type of international prepaid debit cards, you have to consider many
things. Some of them are:
a) The
monthly payments
b) The
type of card and
c) Determining
your lifestyle and spending pattern to identify your purpose for getting one
Note: Monthly fees are present in almost all
prepaid debit cards. You can either look for the ones that are not that
expensive or go with the ones that come at reasonable rates and offers reliable
service.
2. Next, you must know the type of card
before getting one. The preferable choice is to get a MasterCard or a Visa.
Why? The below points will aid an answer.
• A MasterCard or Visa is the most accessible type on the market. They get accepted at almost all retail establishments.
• Internet shops prefer plastic cards as a method of payment because they are cheaper and easy to deal with
• Both the MasterCard and Visa have international accreditation. So whenever you would need to travel out of the country, you could still use it.
Don't overlook the incentive programs!
Some prepaid debit cards offer a lot of promotional
activities. If you want to avail the one with promotions, choose a card that
gives it for free. Some card issuers offer promotions but charge extra to be
able to participate.
Pro
Tip: An
excellent example of a great promotion is one that offers rebate programs.
Finally,
The
best international prepaid debit cards are the one that will offer you all the
significant advantages while minimizing those annoying disadvantages. It all
depends on your lifestyle and how you want to make your expenses.
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