Prepaid Credit Cards

Prepaid credit card is a payment card, pre-loaded with your own money, which you can then use wherever the payment card is accepted : shops, restaurants, supermarkets, various service providers, etc., including on the Internet and abroad.

Prepaid cards are issued under a MasterCard, Visa Electron, Maestro or Amex badge, and therefore have the same acceptance as credit and debit cards.

MasterCard, Visa Electron, Maestro or Amex prepaid credit cards

Prepaid cards look like the traditional credit and debit cards and they offer the same ability to purchase products and services 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.

On the left : Example of prepaid credit card issued by Cashplus. It is a MasterCard ®
By the way, Cashplus Prepaid Money cards help you keep track of how much you spend. Every time you add, spend or withdraw money, you can get a mobile update right away showing how much money you've got left

A prepaid credit card account is opened by depositing money into that account, much in the same way, you would make a deposit to open a checking or savings account. Once you have money in your account, you're issued a physical prepaid credit card, that can be used anywhere in the same transactions in which regular credit cards are permitted

The best part of the prepaid credit card is that you can charge to your heart's content and you won't be in debt. The money is yours and once it's gone, you can't spend any more until you make another deposit. There are no bills and no interest charges. It's the same principle as using a debit card linked to a savings or checking account.

Credit Money investments