What Are Prepaid Debit Cards?
A prepaid debit card is a payment card that is issued from a bank just like a credit or debit card, and it can be used to make purchases. But a prepaid debit card is different because it doesn’t have to be linked to your bank account, and you do not need a social security number to get one.
Since this debit card is prepaid, this means that you will have to deposit a sum of money just like you would in a gift card. You will not be able to exceed the limit of the deposited money. A prepaid debit card doesn’t affect your credit history. Also, it makes a perfect solution for teenagers who still need to learn how to wisely spend money.
What Are The Benefits Of Using Prepaid Debit Cards?
Once you acquire a prepaid debit card, there are many benefits that you can enjoy. You can make purchases from different stores and withdraw cash from ATM machines using your prepaid debit card. With a prepaid card, you do not have to worry about exceeding your limit as you would with a credit card, because you only spend the amount that is already on your card.
If you exceed the limit, your payment will simply get rejected. This card will become your best choice for all of your financial needs. And it would be specifically beneficial to you if you choose one with low fees.
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Get StartedAm I Qualified To Get Loans That Accept Prepaid Account?
If you are looking for payday loans that accept prepaid accounts online, there are a few requirements that you will need to fulfill if you want to qualify. You need to be at least 18 years old, have a bank account under your name, be employed, and get a monthly income, and you shouldn’t have recently filed for bankruptcy. If you are qualified, you can apply to get a loan from an online lender.
How To Apply For PaydayLoans With A Prepaid Debit Card?
You can apply for a loan at iPaydayLoans in a few easy steps:
- First, you need to fill out the form on our website that asks for your general personal information. And then different direct lenders will send you their offers for a loan.
- Second, choose the desirable offer after checking the terms and conditions of every offer.
- The last step is to wait for your loan approval, and once approved you will receive the loan amount as soon as the next working day.
 | Why Us | |
|---|---|---|
| How much can I borrow? | $50-$35,000 | No hidden fees or charges |
| I have bad credit. Can I apply? | Yes | Bad credit is considered |
| Over how long can I spread the repayments? | 1-36 months | Fast decisions |
| Are credit checks involved? | Yes | Soft credit checks only |
| Chances of getting approvals | Good | 256-bit encryption protocol |
| How to apply? | Apply online | Easy application |
FAQ
Will I Still Get Prepaid Debit Cards Loans If I Am Receiving Unemployment Or Other Benefits?
If you are qualified to get unemployment benefits or other social assistance, you will not be able to get a debit card issued from a bank. However, you can still get a prepaid debit card from an online lender, which will give you extra income to help you manage your daily finances.
Can I Use A Prepaid Debit Card As A Credit Card?
A prepaid card can be used in the same manner as a credit card in terms of making the purchases that you need. However, with a debit card, you can only spend the amount of money that is on your card and not more. So as long as you have funds on your card, you can use it as a credit card.