The holiday season is here, which means shopping season for many. Not only is it the season for giving, but it is also the season for deals and exclusive gift sets. With all of this shopping suddenly added to your to-do list, there’s also the concern for overspending and consumer protection.

When you shop with pre-paid debit cards, you can protect yourself and set a firm budget.

How It Works
Pre-paid cards work in a similar way to debit and credit cards. You pre-load the card with a chosen amount of money. Many cards are re-loadable which make pre-paid cards a useful budgeting tool as well. You can buy pre-paid cards at many convenience and grocery stores, though you can’t always be sure of their quality.

Some pre-paid cards allow you to make an ATM cash withdraw, as well. Be sure to read the terms and conditions for both the card company and the bank which you plan to withdraw from for any fees or rules.

The Advantages
Pre-paid cards eliminate the need to qualify for a bank account. Many people who suffer from having poor credit or a simple inability to balance a bank account benefit from using pre-paid cards. You cannot spend more than you have so there is no need for a credit check or overdraft protection.

Pre-paid cards, especially Green Dot Credit Card also make a great alternative to cash. This limits the amount lost if a card is ever stolen. They also offer consumer protection for online shopping. You are able to order online without disclosing any personal banking information.

Pre-paid cards are also accepted worldwide. Today you need a credit card to reserve a hotel or book a flight or car. You can use pre-paid cards for all of these things which make them great for travel. They also make great gifts. If you have family out of the country or just up the road, you make the initial monetary load onto the card and give it as a gift. This allows the recipient to pick out what they want, and continue using the card as they choose.

These cards are also a wonderful tool for online bill-pay. With the option of manually loading funds or direct deposit, you can have a card specifically for paying your bills. This can ensure that your bills are paid in full and on time.

With so many advantages and uses for pre-paid cards, you are guaranteed to shop safer and smarter all year around. Not only will you be able to set a firm budget but you can shop confidently with the level of consumer protection the cards have to offer.

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