Do you love carrying cards when shopping as compared to cash? Then getting a prepaid debit card can be the right decision for you.

Prepaid visa cards are safe and very convenient to use. Also, you can qualify for a visa debit card even with a bad credit history. This is because you must have money on the card to buy items.

People have realized the benefits of having a prepaid card. It’s accessible to low-income consumers who have no or limited access to conventional banking. The demand for prepaid cards has grown exponentially is now worth around $100 billion annually.

The Benefits of a Prepaid Debit Card

Here are the benefits of a prepaid debit card for online shopping.

Great Tool for Budgeting

If you have a problem when it comes to spending money, then a debit card can assist you in breaking the overspending habit. Since the prepaid debit card operates with deposited money in the account.

Most people, tend to overspend when using credit cards, regardless of the benefits of rewards programs, thus landing themselves in debt. This is because it is hard to keep track of your spending using credit cards. You find yourself spending more than you earn.

Uncontrolled spending can make you end up in bankruptcy. When you utilize the prepaid card, it works as a financial instrument that will help keep your budget intact. It is a perfect way to control your spending habits.

Theft Protection

Shopping online can be tricky, especially with the fraud stories that are circulating. Most people don’t trust their bank’s protection when it comes to securing their personal information.

Prepaid visa cards come with FDIC protection, which can protect your personal information. This makes you work in confidence and know that your personal information is well protected.

Apart from people using your information to drain your bank account, they can also commit crimes with your name, and this can be worse for you.

You might find that you are being tracked down by the police for a crime that you have no idea of. Using a visa debit card can ensure that your information is protected from fraud and identity theft.

Limited Expenditure

When you are planning on going shopping with your friends and families, you know that there will be other expenses along the way. You need to fuel your car to get to the shopping malls.

This means you will have to incur the extra cost of putting gas in your car. When you opt to not putting gas in your vehicle. You have to look for a means to get to the shopping mall.

You can opt to take public means like a bus or a train which needs you to pay. Or you can decide to take a taxi ride which also requires you to pay.

Moreover, you can’t be shopping around the whole day on an empty stomach. You have to stop and grab something to eat. Having a meal in a restaurant can be a bit expensive compared to eating at home.

When you are shopping online, you don’t incur any of these expenses, which makes it convenient for you.

You Can Get a Card Even with a Bad Credit History

When you apply for a credit card, a savings account, or a checking account, the bank runs a credit check on you. This means if you have made any mistakes in the past that can mess with your credit history, you won’t qualify for a credit card. Such mistakes include sending bouncing checks and not paying your bills.

However, when you apply for prepaid visa cards, they don’t go through your credit history to approve your card.

This is because you put money in your card before using it. When the money is depleted, you can’t use the card. The prepaid cards help you manage the funds you have at the moment.

They ensure that you don’t wallow in debt at any given time.

Privacy Guaranteed

If you don’t get comfortable talking to a lot of strangers, then using a debit card to shop online is the way to go. One thing that can make you bored while shopping is talking to strangers. 

While you are shopping physically, you need to learn how to associate with strangers. A person next to you can be chatty, and you need to adjust out of your comfort zone so as not to appear rude.

Safer Than Carrying Cash

Walking around in bundles of cash can make you a target for thieves. You can’t be safe walking with a lot of money in public. Whenever you want to buy something you start going through your bag or purse to retrieve the money.

When strangers notice you have carried a lot of cash, this might attract attention. People can start following you, and it is not safe at all.

Apart from your money being stolen, you can be physically hurt or worse. Your life and health are significant.

To avoid this shopping online with prepaid cards can be a perfect solution. You will be at your safe and sound. You can spend as much as you can afford on what you wanted to buy and not be worried who is behind you.

This sense of security allows you to relax and choose what you wanted with ease. You can apply for some of the best prepaid debit cards in your bank of choice.

Saves You Time

Have you ever walked into a mall and you want to go back without buying anything? If you have, then it must be because of the lines at the cashier that almost discouraged you. You can wait for hours before you are served, and this can be frustrating.

Also, the lines at the dressing rooms can be very long. Before you get the chance to even look at the outfits you picked, you may find that you have stayed for hours.

Online shopping saves you time since you only need to browse the website and find the outfit or electronics you needed. You don’t have to spend a whole day walking around the mall and dealing with the weather.

You can be seated at the comfort of your home and find everything you wanted in seconds. Also, you save on the time you would have spent driving to the mall for shopping.

Prepaid Debit Card – Why Get It?

Paying using a card can be very convenient and saves you a lot of time. You can apply for a prepaid debit card and learn how to manage your funds.

A debit card allows you to have controlled spending, and you don’t end up in debt. Visit our blog and learn how you can control your spending by the use of a prepaid debit card.

The post Curb Your Spending: The Benefits of a Prepaid Debit Card for Online Shopping appeared first on Fashion Enzyme.

The Pre-Owned Car Loan is provided by all major banks and financial institutions. At times, even dealers have a tie-up for such loans, and you get it at attractive rates. The terms and conditions of these loans vary slightly from one bank to other but normally the Eligibility Criteria is more or less the same.

Eligibility Criteria for Used Car Loan

Eligibility Criteria for Availing a Pre-owned Car Loan

The eligibility criteria vary with different categories of people like if they are salaried or self-employed or self-employed non-individuals. The details of the eligibility criteria of each of these categories are given as under.

Salaried Individuals Eligibility Criteria for a Pre-Owned Car Loan

•    The person should be a minimum of 21 years of age and no older than 70 years at the time of loan maturity.

•    The minimum net annual salary of the person should be Rs. 2,40,000 p.a.

•    For income proof, you need to show the latest salary slip and Form 16.

•    To ascertain stability, a minimum of one year of continuous employment is required.

Self-Employed Eligibility Criteria for a Pre-Owned Car Loan

•    The minimum age requirement for this category is 18 years, and a maximum is 75 years at loan maturity.

•    The minimum net annual business income is Rs 2,00,000 p.a. For some models, it comes down to Rs. 1,80,000 too.

•    The income eligibility is based on the latest Income Tax Returns filed.

•    To ascertain stability the person should have at least 3 years of employment in the same line of business.

You can take the used car loan from anyone that is offering the best rate and terms & conditions. If you MoneyTap used car loan, it can be availed easily as the process is completely online. Also, you can make use of their EMI calculator to find out the right EMI that you are comfortable to pay monthly for the entire duration of the loan.

To calculate the EMI, you just enter the loan amount, tenure and the interest rate and it will instantly give you the EMI amount. Looking at this amount, you can then take a call. It is, however, always recommended to go with the shortest duration loan that you can afford even if loans for longer duration are available. Even though the EMI is less for longer loans, the total cost goes up as you pay interest for a longer duration.

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