Can You Buy A Prepaid Visa With A Credit Card
Buying prepaid credit cards online has become a popular option for online shoppers who would like to keep their identities safe from possible hackers. There are several other advantages that can be enjoyed by the users of the prepaid credit cards. For example, you no longer have to worry about your card being declined since this method only requires fixed amount of money. In addition to that, one can also easily use their credit card to buy these prepaid cards.
Can You Buy A Prepaid Visa With A Credit Card
One of the most reliable and convenient ways for you to make a payment is with a credit card. Credit cards are lucrative for businesses as they allow them to earn more from their customers, as well as allowing them to have more capital. While there are plenty of ways to make credit card payments, one of the most convenient methods for your customers would be for you to accept credit card payments online.
If you’ve got a prepaid visa, let’s say your parents bought you one for your birthday, and you’re wondering if it is okay to link it with your credit card to make purchases online – then you should keep reading.
- Avoid costly fees. Prepaid credit cards are not regulated like debit cards or normal credit cards, and as a result they come with a dizzying variety of fees. You can check here for some of the fees on the most popular cards. Before buying a card, however, be sure to read the fine print and check for:
- Activation or initiation fees
- Monthly fees
- Per transaction fees
- ATM fees
- Balance inquiry fees
- Fees to add money to the card
- Fees for paper statements
- Fees for customer service calls
- Bill payment fees
- Fees for not using your card
- Fees when closing the account
- Overdraft feeshttps://edb54f1797c03678ffbd68f15feb9ea5.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
- 2Stay away from cards that charge per transaction. If you are going to use your card regularly, pay-as-you go cards will cost you a lot of money. A low monthly maintenance fee is a better option, unless you are only using your card in emergencies. In that case, also make sure your card does not have an inactivity fee.[2]https://edb54f1797c03678ffbd68f15feb9ea5.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
- 3Watch out for cards that charge per deposit and have deposit limits. Most cards will waive deposit charges if you use direct deposit, PayPal, or a bank transfer to fund your card. Adding money at a retail store usually entails a charge ranging from $2 to $6. Some, however, charge for all deposits. For these cards, you’ll want to add funds infrequently in large amounts, so make sure they don’t have limits on how much you can add at one time or in a given month.
- 4Use a card comparison site. Sites like BankRate.com and Consumer Reports offer comparisons and recommendations to help you select cards with the fewest fees. Some of the most highly recommended cards include:[3]
- Bluebird – An American Express branded card that includes bill pay (can send paper or electronic checks from the account), no monthly fee, no activity fee, no fees for customer service, no inactivity fee, and no declined transaction fee.[4]
- Chase Liquid – A Visa branded card that has a $4.95 per month maintenance fee (waived if card is linked to a Chase bank account), but offers overdraft protection and no other fees, so long as you use in-network ATMs for withdrawals and account inquiries. It does not have bill pay.[5]
- Visa Rush Card Unlimited Plan – Has a one-time activation fee and a monthly fee of $5.95 (if you use direct deposit) or $7.95 (if you don’t), but has no other fees, so long as you reload via PayPal or direct deposit and use in-network ATMs for withdrawals and balance inquiries.[6]
- Green Dot Prepaid Visa – Card with a $5.95 monthly fee (waived if you deposit a certain amount each month or have a certain number of transactions) but no other fees so long as you buy the card online and use in-network ATMs for withdrawals and balance inquiries.[7]
