Substitute your credit card with a Green Dot Prepaid Card, for controlled expenses. All you should do, is to designate a fixed amount of money for the card, so that you can enjoy hassle free shopping, without having to worry about money borrowed from other sources. You can spend as much as you have on the card without any hassle so this is a great choice for those new to the concept of cards. The system provided is fool proof and it can easily replace credit cards.
Features
A Green Dot Prepaid Card can be issued without the reference of a bank account, hence you would not be wasting your time in the snaking lines of your bank counter. It does not require a credit card or an overdraft facility. With the absence of penalties, you can continue spending till the assigned amount tends to become nil.
This prepaid card can be used anywhere as it is a debit Mastercard. Therefore you can avail of cash from any country with the Green Dot Card, while travelling. You can also make withdrawals at over 15,000 ATM machines and this gives you immense versatility.
While drawing your reserves, you can withdraw it in entirety, if you wish because there are no rules for any minimum reserve which needs to remain in your card. Just procure your card, store your reserves in it and proceed to spend, irrespective of location and time. This card can also be used to settle your bills on the internet and for depositing money, without any service charges.
You can procure it from whichever place you desire and it truly makes for a comfortable spending experience. Funds can be deposited in the card through any of the 50,000 available outlets, quite simply.
Benefits
The Green Dot card is extremely advantageous for those who want the benefits of a credit card without the risk of debt and overdraft. You can only access available funds which are your own, which makes it ideal fro youngsters or people who have just started with their banking endeavors. A prepaid card allows you to have more control over your funds and will definitely teach you to manage your money more efficiently.
It is very user friendly, and you would not require a bank account to begin. Procure a card and assign a designated amount of reserves to it. This service is completely free and easy to do. If you want to enjoy continual supply of reserves, your monthly payments can also be channelized to this card, every month.
The fact that no minimum balance is required is also extremely useful as it means that the card can be used by anyone no matter how much money is possessed. It acts as a trouble free credit card.
Negative Attributes
Being non compatible with overdrafts, the card might sometimes unnecessarily curb your expenses. This may be difficult in situations where the amount of money you need to spend exceeds the amount on your card.
Verdict
With the non-requirement of bank accounts and non existence of overdraft facilities, the Green Dot Card competes well with other similar products. The Green Dot card is definitely the most affordable of all prepaid cards as there are very few charges associated with it.
Use the Green Dot prepaid card if you want to avoid the risk of running into debt as it is a safe alternative to credit cards. You can avail of your reserves easily with this card, as it prevents you from splurging, making it a truly efficient product.
