Prepaid Debit Card Meaning. Using a prepaid debit card is a popular alternative to carrying cash. They often share the big-name logos of their credit card.
A prepaid card is a form of secured card that is tied to a previously deposited cash balance. A prepaid card has a beginning balance equal to the amount you put on it. Some prepaid cards allow you to add more money but the balance will never be more than you pre paid on the card.
During the past decade prepaid cards.
Some prepaid cards allow you to add more money but the balance will never be more than you pre paid on the card. A prepaid card is not linked to a bank checking account or to a credit union share draft account. Prepaid card meaning. Prepaid debit cards work well for instilling good spending habits in people who dont trust themselves with credit cards.
