NOTE: The following contest is open to Canadians only.
So, you received a prepaid credit card (or two, or ten) over the holidays, and you’re thinking:
I should probably spend this on groceries.
STAAAHP. Just stop. I mean, you *could* spend it on groceries. Go ahead! Make my day. But if you do, you won’t be making the most of that magical little prepaid credit card. In fact, you’ll be doing a disservice to gift givers everywhere. Really.
Today, I’m here to show you all the possibilities of prepaid cards. And after our little discussion, if you’re still keen on using it to buy groceries, I promise I won’t hold it against you.
ONLINE SHOPPING. Because open loop prepaid cards look and function like traditional credit and debit cards, they can be used anywhere the card network (American Express, MasterCard and Visa) is accepted, including online, on the phone and around the world. So, if you’re shopping online for say, a new handbag at Michael Kors, using a prepaid card allows you to make a secure purchase while reducing the chances of fraud or identity theft. (more…)Keep Reading