A prepaid master card is the best type of card you can have, especially with benefits that are not only attractive, but also functional. With the replacement of credit cards, buying with real money has become much easier. However, with such purchasing power there is a big inconvenience: a person has no restrictions on the amount of money that he cannot spend. He or she will spend as much as a credit card allows. Here, prepaid cards are useful.
Limit your expenses
The biggest advantage of a prepaid primary card is the fact that now you can set a budget when it comes to your expenses. All you have to do is replenish the card with the amount that you can spend, and then go shopping. The card will not allow you to make a purchase when you have reached the limit.
It’s easier and cheaper to get
You will also find that getting a prepaid master card is much easier than a credit card. When you apply for a credit card, you must submit all kinds of documents and wait a while before receiving it. In the case of a vanilla prepaid mastercard, the procedures are minimal. In addition to being simpler, they are also cheaper and available for free.
Limit your debt
In an unstable economy like the one we are today, the biggest and most powerful advantage a prepaid master card can offer you is what protects you from debt. The concept of this is very simple and is related to the first paragraph of this article.
You can also request an additional card, which is essentially your own account, but is associated with your Bank Freedom card. The maximum balance that you can carry on an additional account is $ 2,000 and can only be financed through the main account. This is a good option for parents who want to start teaching their children how to manage their finances responsibly. A monthly service charge of $ 5 does not apply to the satellite.
When you use a prepaid card, you spend only what you have and you can pay.