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  1. #1
    Registered User Pro Member
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    553

    6 Times to Use a Prepaid Card

    1.) Mobile Payments

    Sending money via an online or mobile app is very risky. It is full of fraud, for the reason you are "granting a third party access into your checking account".

    2.) Travel expenses
    When you are traveling and have to purchase train, subway tickets or pay for a taxi.

    3.) Shopping online
    Needless to say merchants have had data breaches so you don't want to be part of that



    4.) Makeshift open market stores
    Giving your credit or debit card info and trusting a vendor that doesn't have a true retail location

    5.) Free trial products
    company requires your credit card info to start the 7 or 14 day trial

    6.) Using Public Wifi
    making purchase online at libraries, coffee shops, hotels, and other public wifi spots is a risky move
    Last edited by Frank C; 07-21-2015 at 10:03 AM.

  2. 6 Times to Use a Prepaid Card
  3. #2
    With more and more fraud and security breaches it is a wise move to use prepaid cards more. I have a friend who uses their rewards card for big purchases only to get cashback.

  4. #3
    Registered User Semi Pro Member
    Posts
    321
    Quote Originally Posted by Jaster View Post

    3.) Shopping online
    Needless to say merchants have had data breaches so you don't want to be part of that
    Well that is the case for those anonymous members who paid for Ashley Madison with their personal credit card. They are part of a data breach and risk serious problems in the future of their spouse as hackers have threated to expose their personal details. 37 million people are member of the site.

    They will probably never use their own card again for something like that. Not a smart thing to do morally or financially. Use a prepaid card for online merchants you have concerns about, no matter how legit they look.

  5. #4
    Registered User Semi Pro Member
    Posts
    271
    You will lose out on all the cashback offers from Chase Freedom, Discover IT, Capital One and so many others. They offer insurance and fraud protection. No need to become a worry wart. Plus some of the prepaid cards have a fee just to purchase it.

  6. #5
    Registered User Semi Pro Member
    Posts
    282
    For who use public wifi you should buy a VPN to stay secure and not use a shared network.

  7. #6
    Registered User Semi Pro Member
    Posts
    298
    Buying a prepaid card for online usage only is a great way to use an online service. I do it actually for a project and it has worked very well. I feel really good and secure afterwards. No worries at all.

  8. #7
    Registered User Semi Pro Member
    Posts
    270
    You may limit your losses but cyberattacks on your prepaid card could become breadcrumbs to your actual higher limit credit cards if you use the same address, email, or passwords.

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