Through the use of those little plastic things we call debit and credit cards make every shopping convenient, easy and fast both online and in local stores. People would just swipe their cards without the need of counting their money for the card itself does the counting electronically. But using these cards have also their disadvantages, they are making people to spend more because they think that they can just pay the balance later or if they use a credit card, they can borrow money from the bank anytime they want and just pay it whenever they can of course with an interest.
However, there are people who are budget conscious. Meaning they watch how much money they have and very careful on their spending so not to get overdraft fees. But hey, let me tell you this, whether you are very careful with your money or you're a spender type of person, there are instances in our lives that cannot be avoided to spend more than what we have in our accounts, right?
If that is the case, applying for a Greed Dot visa debit card is such a good idea. Why? Because it is a reloadable prepaid card wherein you can control your spending. You put money in this card and monitor how much is left there without being charged of overdraft fees when a substantial amount of spending being done to this card for it simply deny the transaction if it is almost out of balance.
Just like a regular debit card, you can use it everywhere safely even on the internet. You can trust that it won't reveal your banking information. Reloadable means you can add cash, paychecks or other funds to the card over and over again. Possessing prepaid debit cards like these is awesome. You can put your mind at ease knowing that you cannot get into credit card debt. It is that simple!
The primary market for prepaid cards are unbanked people, an umbrella term used to describe diverse groups of individuals who do not use banks or credit unions for their financial transactions. More of the advantages of having a debit card like Green Dot's are it makes people feel safer than carry cash, worldwide functionality due to Visa and MasterCard merchant acceptance, it offers the ability for anyone over the age of 18 to apply and be accepted without regard to credit quality and the ability to direct deposit paychecks and government benefits onto the card for free.