Prepaid MasterCard Debit
FAQs about Prepaid MasterCard Debit Cards
Q: Is aprepaid MasterCard debit cardthe same thing as a credit card?
A: No. Credit cards offer you credit, so when you use them, you have to pay the money back. It's like getting a loan, so when you apply for a credit card, the credit card company has to check your credit and report to the credit bureaus. But with a prepaid MasterCard debit card, you've already paid upfront, so when you use the card, you're using your own money, not someone else's.
Q: Where can I use my prepaid MasterCard debit card?
A: You can use it anywhere that MasterCard debit cards are accepted, which is almost anywhere!
Q: Can I use my prepaid card as an ATM card? If so where, and is there a fee?
A: You can use your prepaid card to get cash from any ATM with the MasterCard logo. Generally, the fee varies depending on what company you get your prepaid MasterCard debit card from, and you have to pay the fee assessed by the bank that runs the ATM.
Q: My credit's not so good. Will that make it harder for me to get a prepaid MasterCard debit card?
A: No, and that's the beauty of it. You set your "limit" by the amount of money you put on the card. Like we said before, you're not using someone else's money--you're using your own--so there's no need for a credit check.
Q: Can I use a prepaid MasterCard as a gift?
A: Yes! It's actually an excellent gift to give--especially when you don't know what the gift recipient would like. This gives them the freedom to get whatever they want, wherever they want.
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