Sunday, January 19, 2014

Factors to Consider when Choosing a Visa Prepaid Card

Disclosure: This is a guest article.

There are many factors to consider when choosing a Visa pre paid card, and it's important that you pick something suitable for your personal needs and lifestyle. For example, a sleek, reward-laden card might not work at the ATMs closest to you or might come with hidden fees that negate all their benefits. You'll need to ask yourself several questions before committing to a card.

Loading Money
How will you load funds onto your account? Do you have to go through a bank, or are there other options like MoneyGram and direct deposits? Can you use PayPal?

Account Tracking
How will you check your balance? Does the carrier offer their own version of online banking, or will you be forced to track your expenses on your own? Do they keep records of your transactions and spending history?

Smartphone Capabilities
Is it important that you're able to check your funds on the go? Can you access your account wirelessly or via an app? What phones and operating systems are supported?

ATM Charges
How much does it cost to get cash from an ATM? Which banks are on the carrier's network, and where's the nearest one to your home and workplace? Do the services of those banks extend internationally? Will you be able to use your prepaid card on your next vacation?

Customer Service
What if something goes wrong with your card? Will you have access to 24/7 customer service, or are their representatives outsourced, overseas or only available through a 1-800 number?

These are just a few of the questions you should ask when buying a prepaid card. Consider things carefully before giving away your hard-earned money!