Choosing The Best Florida Prepaid Debit Cards

There are many different reasons for anyone in Florida to have a prepaid debit card. These are handy cards to use when traveling, for budgeting as well as for saving money. To understand how the best prepaid debit cards can help anyone, consider the following benefits of debit cards over credit cards.

No Interest

The interest on credit cards can be incredibly high. With rates now averaging 15.07% on most cards, a default or late payment can cause those rates can jump dramatically. It is not uncommon for rates on instant approval cards to be as high as 28% and for those with bad credit, the starting rate can be just under 23%.

By choosing the best prepaid debit cards, interest rates are certainly not a concern. The card is pre-loaded with funds, which means you are not borrowing to spend, but rather spending money without having to extend your credit.

Safety from Overspending

With the best prepaid debit cards, it is easy to load money from a paycheck, a government check, a tax return and even a personal check directly onto the card. As this amount is controlled by the individual, there is no risk of overspending.

Once the maximum amount on the card is spent, there are no more funds available. This limits the amount the individual can spend, which makes it a great tool to avoid impulse buying and stay on a budget.

Safety from Theft

Top debit cards have security systems in place. They have a PIN requirement when the card is used anywhere in Florida or across the USA, ensuring that if the card is lost or stolen, it cannot be used by anyone else.

They are also safe to use online and avoid having to use echecks or other types of online payments that may risk your financial information. Using a prepaid debit card is a great idea for anyone to consider since most debit cards are easy to load and convenient to use.

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