Why Would I Want a Prepaid Card

**RollerGirl** · 02-13-2016, 07:37 AM

As someone who doesn't have a credit card, I use cash a lot. Some of my friends think I should use a prepaid card or a debit card instead. But I don't see any advantages. Especially with a prepaid - which carries all sorts of fees.

So why should I get a prepaid card?

**Maria L** · 02-13-2016, 02:52 PM

For the convenience of not having to take out and carry cash around. Stolen purses and wallets happen.

Also, it's a good way for families to make sure no one overspends.

**Toman23** · 02-18-2016, 04:50 PM

For some people, the cost of a bank account are too high, and they cannot get a credit card. But they need that 16 digit account # to pay for some items. Thus: prepaid debit cards.

Costs look high, but overall cost is less than being fleeced by banks over fees. It only takes one or two NSF charges to your account and a returned item fee to prove that.

**Frugal Mom** · 03-21-2016, 08:59 AM

A lot of people use pre-paid debit card to receive their government benefits. In some places, I believe it may be mandated by law.

**koulolo** · 03-23-2016, 08:04 AM

Originally Posted by Frugal Mom

A lot of people use pre-paid debit card to receive their government benefits. In some places, I believe it may be mandated by law.

I had not thought of that, but it makes a lot of sense.

Why Would I Want a Prepaid Card

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