Recharging Prepaid cards have many benefits among them you do not get into debt, as only transactions up to the balance loaded onto the prepaid account will be authorized. Therefore, you can only spend what you have paid in! Most prepaid card providers enable you to manage your account online or via an interactive Voice Response telephone service. So, you are always within easy reach of your balance.
As it’s your own money, and not credit, there are no interest charges, late payment or over limit fees. In actual fact, you don’t even need to be 18 to apply for one!
You are in complete control of your funds, and do not need to carry around large sums of cash! In most cases, if your card gets lost or stolen, your remaining balance will be transferred across to a new account, and you will receive a replacement card.