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Nowadays, people can limit their spending with their prepaid cash card that load funds onto the card and use the money. A prepaid cash card allows consumers to purchase something even when they don’t have the cash to pay for it. It benefits consumers in their everyday life. Basically, a prepaid card looks like a credit or debit card, and gives users the ability to purchase products and services with a card but with a crucial difference - you can only spend the balance that has been preloaded onto the card. This means there is no risk of running into debt as it has no credit or overdraft facility.

• Buying groceries and petrol
• As a replacement for travellers cheques or travel cash for a low cost alternative to paying for goods and services abroad
• Topping up your mobile phone
• Internet shopping including eBay
• Paying bills
• Transferring money to friends and family either in the UK or overseas (known as remittance)
• Withdrawing cash from an ATM
  

They have particular appeal to those including:

• People who wish to use foreign currency on a holiday
• Newly arrived immigrant, who although earning, cannot yet obtain credit due to having no credit footprint in the UK
• A person who has a poor credit rating or a history of bad debt who cannot get a credit card
• Parent of a young person travelling abroad
  

There are numerous benefits to the prepaid card. These include:

• Availability - There are no credit checks, which means you can get a card without worrying about your credit history. All prepaid card providers will carry out an Identity check to confirm you are who you say you are.
• No debt risk - With a prepaid card there is no chance of spending too much as you are limited to the amount you put on your card.
• The card for travel - As well as being able to top up the card, depending on the specific provider, you will be able to use it at ATMs worldwide. Many providers now offer dollar and euro cards and offer a better exchange rate on their travel cards than what is commonly available from bureau de change.

Pre-paid Vista Cash Card