How To Reload an ATM Debit Card With Credit Card Loading

Reloading a prepaid debit card with a credit card is a simple strategy for getting what is essentially a cash advance at a significantly lower rate. These debit cards are a good way to get the convenience of a credit card combined combined with the anonymity of cash. Use a credit card to reload your prepaid debit card and you'll be able to withdraw the balance directly from an ATM.

Instructions

1. Choose a prepaid debit card with low fees and ease of use features such as free ATM usage, e-mail alerts and overdraft prevention. Purchase it with a credit card or Paypal account after your application is approved. Most prepaid debit cards do not require a credit check, while others require a minimum of bad credit rating.

2. Reload the prepaid debit card with a credit card either through the debit company website or at a participating retail location. Using this method, you can essentially get inexpensive cash advances from your credit accouns. Alternatively, you could just use your debit card for regular purchases if you would for some reason prefer not to use the credit card you used to load the prepaid card.

3. Continue to use your prepaid debit card. Some prepaid debit cards will build your credit rating as you use them even though it doesn't involve actually borrowing any money. Using prepaid debit cards can also allow you to avoid maintaining a checking account while having similar advantages to using one.

References

• AskMrCreditCard: Prepaid Debit Card Tricks
• ConsumerAffairs: Prepaid Debit Card Tryout

Resources

• Information on Debit Cards
• Information on Tips for Choosing Prepaid Credit Cards