Prepaid Visa cards are similar to Visa credit cards. But, unlike the credit cards, the Visa prepaid cards are reloadable. This means you can put the amount of money you need on the card and add more money to it as needed. The amount of money you can spend on the card is limited to the money you put on it.
Where To Purchase
You can get a Visa prepaid card at retailers such as Target, Walgreens, Walmart, Kmart and some supermarkets. Some banks also have prepaid Visa cards. Just like the Visa credit and debit cards, you'll have to call to activate your card.
A major benefit of using the Visa prepaid card is that it keeps your spending in check by purchasing only what you have on the card. This is especially good for students who want to manage their money wisely. Another benefit is that it keeps you from having to use cash and checks all the time.
When making certain purchases, some establishments such as restaurants may verify that you have enough on the card, so you may want to have extra cash if the card has a low balance.
Prepaid gift cards are excellent gift ideas because they allow the person to purchase what he wants, and this keeps you from having to return gifts to the store. For example, if your niece likes coffee products but you're not sure what brand she likes, the gift card lets her get what she likes.
You can only use the prepaid card until the expiration date listed on the card or until you used up the value on the card. To reload the card you can visit the place where you first bought it. You can also reload the card online; the website address can be found on the back of the card.