Comments on: Credit Cards vs Debit Cards vs Prepaid Cards

By: Max

Max — Sun, 21 Aug 2011 17:03:33 +0000

Debit cards now allow you to opt out of overdraft. If you don’t have the money in your account, the point of sale will simply get an “insufficent funds” error. This was the original intent of debit cards but the customers liked not having to keep track of their balance and banks liked making money on the overdraft.
Prepaid cards: People are using these to buy from TV offers while avoiding the scams of hidden charges or sending more goods than ordered. The phone or online total $ is given and the consumer puts that amount in the card. Often the item is shipped (along with other items not ordered), giving the consumer more goods while only paying the quoted price.

By: T Burt

T Burt — Wed, 05 Jan 2011 18:32:25 +0000

Great article

By: Ryan vines

Ryan vines — Sat, 23 Oct 2010 16:09:44 +0000

Could you please tell me about how can I confirm my Indian bank account with debit card in pay pal ?

By: dang hai

dang hai — Tue, 21 Sep 2010 15:54:13 +0000

“Overdraft happens when your account balance does not have sufficient funds to cover a purchase” (on Debit cons)
sr, I wanna ask a question: the quoted above means that we can overdraw (borrow money from the bank when using Debit Card, like a Credit one, doesn’t it?
if yes, so is it applied to all Debit Card or depend on Bank/Nation’s rule? thanks! sr if my writing is difficult to understand because eng is not my mother languagemy

By: Facecard: New Prepaid Debit Card

Facecard: New Prepaid Debit Card — Sat, 03 Jul 2010 18:29:06 +0000

[...] Read more about the differences between credit cards, debit cards, and prepaid debit cards. [...]

By: randysn

randysn — Sun, 02 Nov 2008 09:39:16 +0000

The difference between Credit Cards and Prepaid Debit is simple. It is a question of consumer need. I have both credit cards and a checking account. A typical prepaid cardholder is someone that can’t qualify for neither.

By: starsgirl

starsgirl — Sat, 01 Nov 2008 15:11:43 +0000

You did your homework on that one! You becha!!! Facecard IS the BEST.