Mistakes to Avoid When Using Your Prepaid Card


Through the years, prepaid cards have become quite popular. They have also earned a spot in the wallets and hearts of many consumers. This does not come as a surprise though as prepaid cards provide peerless and enticing benefits that are just hard to beat.

Prepaid cards also share many of the features that are typically associated with debit and credit cards and that’s just for starters. However, unlike the conventional cards like debit and prepaid cards, prepaid cards are way easier to obtain and more straightforward when it comes to usage.

However, just like debit or credit cards, prepaid cards have to be used accordingly if you want to fully enjoy all the amazing and peerless benefits they offer. Undeniably, using prepaid cards is a lot safer compared to using other plastic cards. However, there are still certain things you need to do to ensure your prepaid card works for you.

Mistakes You Should Steer Clear Of When Using Your Prepaid Cards

Below are some of the things you need to avoid when using your prepaid cards:

Not reading the fine prints.

This is one of the most prevalent mistakes people commit when using their prepaid cards. It’s very common for most users to not read the fine prints to anything, their prepaid cards included. However, not reading the fine prints is something you should not take lightly.

It is important to remember that it is in the fine prints where you will find all the basics of using your prepaid card. You can also find there the possible charges and fees you will be charged for transactions you will make using your prepaid card. That said, it is recommended that you acquaint yourself with the guidelines of using the card so you can use it to your advantage.

It would also be a wonderful idea if you can check the website of the prepaid card provider so you will learn about the other ins and outs of using your prepaid card. Prepaid cards are considered one of the most loved financial instruments nowadays as they are not only easy to get, but most prepaid card providers also charge only a minimal amount for transactions you will use using your prepaid card.

In addition, using prepaid cards an also help warrant you won’t accumulate mounting debts or spend money recklessly. In other words, each time the balance on your prepaid card is completely depleted or insufficient to cover a specific transaction, you won’t be able to use your prepaid card temporarily. You would only be able to use it once you have successfully loaded money onto your prepaid card.

Telling others about your PIN.

Not telling anyone your PIN might seem like a given but you would be surprised that a number of people still tell others what their PIN is. Others also write their PIN codes on the prepaid card itself or keep a copy of the PIN in the same wallet where they keep their prepaid cards.

If you want to ensure the money on your card stays safe, consider it best not to write your PIN on any paper where you also keep your prepaid card. It would also be ideal to pick a PIN that is easy for others to remember but not very easy for other people to guess.

As tempting as it may be, it is recommended that you do not use combinations that are easy to guess such as your birthday. Ideally, you should pick a combination that you can easily remember so you won’t have to write the PIN combination anywhere else.