Using a credit card or debit card with a credit card symbol for daily purchases has become standard practice today for most consumers. Plastic is often preferred in cash because they are accepted by most merchants throughout the country and around the world. And to trust them means less to rely on carrying banknotes and coins.
Of course, traditional cards require the user to request a card through the issuing financial institution. During this process, the consumer’s credit history is checked and the interest rate is determined based on his credit rating and other factors.
Alternatively, one way to use credit cards while avoiding the hassle of the entire process of checking and monitoring a credit card is to use prepaid gift cards. Also sometimes called prepaid debit cards, each card has the symbol of one of the major issuing organizations.
Conveniently, you can use these cards, skipping the application process. Cards are bought (or replenished) for a certain amount in dollars and can be used until this amount is used up. And they can be used to make purchases anywhere where a regular card is used, even on the Internet or in a store.
Credit card gift cards can be purchased for all uses, including:
* Give one instead of cash
* Buy one for yourself or your partner before you go on a trip to avoid downloading money with your person
* Give one to your student as a way to shop by managing your money at school
* Use it as a sales promotion tool or to encourage customers or partners
If you are thinking of buying gift cards for those who care, here are 3 advantages to using instead of traditional or cash credit cards:
- They are safer than cash:
Carrying cash can be simply dangerous. If you lose your money, it’s gone. And, having money in unknown places, tends to attract criminals. A prepaid gift card covers lost or stolen cards and unauthorized purchases.
- Shopping has all the benefits of protecting a regular credit card:
If you make a purchase and within a certain period (for example, 90 days) the goods are damaged or damaged, the issuer will cover these purchases. (See Agreement with the Issuer for more details)
- Obtaining one does not require a credit check, and credit agencies are not informed of their use:
Mastercard gift card balance is very easy to get. There is no application process to go through. Since the card is not issued in anyone’s name, you simply buy a card and use it yourself or give it as a gift to someone who cares about you or wants to reward you. And, since it is technically not a credit card, the use of the card is not reflected in the credit reporting system.