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Here are the answers to some of the most commonly asked questions about prepaid cash cards.
What is a prepaid cash card?
A prepaid cash card (also known as a prepaid credit card) is a card that affords people without access to credit or debt cards the convenience of cashless payment. It's a sensible, more affordable alternative to having to carry cash and paying check-cashing fees. You load it with a balance of your choosing at the retail location where you purchased the card or via direct deposit of your checks. You can use it anywhere credit cards are accepted.
How do I get a prepaid cash card?
We make it easy for you. There are step by step applications on the front page.
What are the benefits of a prepaid cash card?
Convenience, cost savings, and security are the biggest advantages of the prepaid cash card. Instead of having to rely on cash, you have the convenience of a credit card to pay for purchases online, pay your bills, and even access ATMs nationwide. You also will save a lot of money by not having to pay check-cashing fees every time you get paid. A prepaid cash card enables you to take control of your financing by limiting your spending to money you actually have. Finally, you will enjoy the security of knowing you don't have to carry large amounts of cash around to pay for things anymore. You also will enjoy security protection with your card, so you will not be liable for charges if it is lost or stolen.
What if I have bad credit?
There is no credit check required to qualify for a prepaid cash card. The money you spend on your card is your money, not your creditor's, so bad credit will not affect your ability to qualify. For most cards, you don't even need a checking or savings account!
Is a prepaid cash card a credit card?
In the strictest sense, no, a prepaid cash card is not a credit card. There is no extension of credit with this card because the money you're spending is your own, so it's more like a debit card. On the other hand, a prepaid cash card offers all the luxuries of a credit card, like security, convenience, accessibility, etc.
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