The Benefits of a MasterCard Debit Card

The prepaid MasterCard debit card, along with one or two others, is now virtually a household name. It offers you the flexibility of having a piece of plastic to use for phone and online purchases as well as in-store, but without the risk of you running up debt.

A conventional credit card makes an amount of credit available to you. You spend then eventually pay it back - sometimes over a period of many months or even years - with interest added on top. Although this may suit many people, it may worry you that you could slip further and further into debt simply because the credit limit is there waiting to be used.

This doesn't have to be the story though because with a prepaid card, you can avoid the risk of overspending.

Why bother with a card anyway?

It may be that your solution to the risks of spending too much on credit is simply not to bother with a card at all. The trouble is, that approach can also bring with it some problems because today it's increasingly necessary to offer plastic for payment. Some automated sales facilities and much buying over the internet actually demands that you have a card available - cash or cheques may not be of any use in such situations.

The plastic card has another advantage and that's security. Your card is typically useless without its PIN and once you know it's been lost or stolen, you can cancel it in a short telephone call.

So, the question is, can one have the security and convenience of a plastic card without running the risks of running up large debts on credit?

Prepaid credit cards

The solution may be the prepaid card. In operation, nothing could be easier. You just load money onto the card through a bank transfer, salary credit or top-up at a PayPoint outlet. You then can use the card normally until such time as the amount you've loaded is used up. You can also use it for cash withdrawals, up to a pre-agreed daily limit.

A prepaid MasterCard may prove an ideal aid in helping you manage your monthly finances.
Offshore Pro Group