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Green Dot Prepaid Visa Card

The Growing Popularity Of The My Green Dot Card

By Steve A Jacobson on July 20, 2011

With concerns about the economy and the job market on their minds, consumers are changing the way they spend money. As people realize how costly traditional credit cards can be, they're switching to prepaid options like the My Green Dot card. Prepaid cards offer freedom from the grips of consumer debt. If you're looking for a way to spend money without paying more in interest, a prepaid credit card might be the answer you need. You'll receive the following great benefits that can help you redefine your financial lifestyle.

1. Get Serious About Budgeting
Before you can spend money on a prepaid credit card, you'll need to load the card. You can load your card once at the beginning of the month or multiple times along the way. This process will help you focus on budgeting, as you'll need to determine ahead of time how much you can afford to spend. Each month, you can set a budget and load your My Green Dot card. Once the money is on the card, it's easy to spend only what you have. As you make purchases and money comes off the card, you'll be able to track what you have remaining. Staying informed about your remaining balance is one of the best ways to keep yourself within a budget.

2. Personalized to Fit Your Needs
The My Green Dot program offers several cards to fit consumer needs. A special card just for students is a great way to promote good financial habits in teens. With their Online Shopping Card, you can enjoy secure transactions and quick checkouts. Green Dot also offers a card just for paying bills, which allows you to make payments by phone or online. Of course, if you need a card for general purchases, the standard Visa and Mastercard debit cards are designed for convenient shopping. With each of these cards, you'll receive the overall benefits that have made prepaid cards so popular. You'll never have to make a payment, incur a penalty fee or accrue interest charges again.

3. Protect Your Money
If you're like many consumers, you might not feel safe carrying large amounts of cash. Though you could carry checks, it's much quicker to swipe a credit card when you're in a hurry at the store. Prepaid credit cards are just as convenient to use and offer the same protections of traditional credit cards. Your money will be protected if your card is ever lost or stolen. Though you might have to go a few days without a card until you receive the replacement in the mail, you'll rest easily knowing that your funds are still safe. Your money is also protected if your prepaid card number is ever stolen during an online shopping transaction.

4. An Affordable Solution
With no interest charges or miscellaneous fees to worry about, prepaid cards make it easy for you to plan your finances in advance. The My Green Dot card is an affordable alternative to traditional credit cards, which are well known for their high fees and continually-increasing interest rates. If you're tired of paying extra money to your credit card company each month, a prepaid card is the best solution. The only fee you'll ever have is a simple monthly charge of $4.95. Best of all, you can even have this fee waived simply by spending more than $1000 or completing more than 30 transactions on your card during the month. As many people use their prepaid credit cards for shopping and for paying bills, it's easy to have a prepaid card and never pay this fee.

5. The Easiest Way to Spend
Each of the My Green Dot cards has a Mastercard or Visa logo, which makes it easy to shop anywhere in the world. The cards are accepted at any retailer that accepts traditional credit and debit cards. You can also use your card online for the safest and easiest shopping. Prepaid credit cards are designed with your convenience in mind. With a Green Dot card, you'll also enjoy the use of thousands of ATMs in the MoneyPass network for free.

As more consumers recognize the numerous features of prepaid credit cards, traditional credit card companies will need to find new ways to stay competitive. In the meantime, you can enjoy convenience, affordability and security by using a prepaid credit card. Though it might take time to adjust to paying for your purchases in advance, making the switch can have a dramatic impact on your finances.

Steve Jacobson writes about many different financial topics including, debt, investment, credit cards, My Green Dot and more. Always looking for the best prepaid credit cards and rates, Steve usually uses http://twitter.com/#!/greendotcards as a recommendation for those looking for a great alternative to credit cards.

Original article published on SooperArticles.com

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