You're going on a trip, you want to go shopping without your mom, or you're looking for the perfect gift for someone. PrepayIT cards are an awesome way to go. These prepaid cards work just like debit cards but they have a set amount of money on them.
Debit Card | Gift Card | ||
What would I use it for? |
Class trips, Allowances, Shopping, Emergencies, Alternative to a checking account |
Birthdays, Graduations, Weddings, Holidays | |
Why? | Not ready for a checking account or want a safer option for online purchases |
It spends just like cash, anywhere that takes Visa - cool gift |
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How do you use the card? |
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Debit Card | Gift Card | ||
Initial Card Cost | $4.95 | $2.50 | |
Minimum Load | $10 | $10 | |
Maximum Load | $5,000 | $1,000 | |
Reloadable? | Yes, even parents can reload it online |
No | |
Replaceable? | Yes | Yes | |
Use it at an ATM? | Yes | No | |
Monthly Fees? | $1.75 per month, beginning as soon as the card is loaded | None | |
Costs to Load Funds | Initial load is free, subsequent loads are .50 cents each. | None |