

When you use a prepaid debit card, though, you are drawing on money that has already been deposited into the card account. You borrow every time you use a "regular" credit card. A credit card offers you a line of credit that you can draw on.

However, a prepaid card is not a credit card. Looks Like a Credit Card.Ī prepaid card carries a credit card brand logo (for example Visa or MasterCard), so at the cash register, it acts the same as a credit card. In some cases, a prepaid card is even used as an alternative to regular checking (and sometimes savings) accounts. It is also not the same as a regular debit card. What Is a Prepaid Debit Card, and How Does It Work?Ī prepaid debit card is not the same as a credit card. Prepaid debit cards (also known as "prepaid credit cards") are branded with the logo of well-known credit companies, and they are accepted where credit cards are used. The Bank shall not be responsible in any way for loss, damages, etc due to unauthorized use of Card.In a world where consumers are increasingly wary of credit even as they want the convenience of plastic, the idea of prepaid debit cards is catching on. The Cardholder must take all reasonable precautions to prevent unauthorized use of the Card.


NIC ASIA FCY Freedom Card- International Prepaid Dollar Card facilitates the customers to make payments for international companies like Amazon, Netflix, Alibaba, Spotify, Social Media Ads, Google Play/App store, etc.
