Most
prepaid cards function as debit cards, so it's a simple loop:
On the other hand,
prepaid cards function similar to gift cards and generally do not report to the 3 major credit bureaus.
Not exact matches
These are pretty much exclusively
prepaid debit
cards as they require you to upload money to them before use and
function the same way that an ATM or check
card issued by a bank does.
This type of
card is widely accepted, and the
prepaid feature mimics the
function of a debit
card so you don't have to worry about going into debt as you could with a traditional credit
card.
For millions of credit challenged consumers,
prepaid credit
cards allow access to many of the
functions of a regular credit
card.
Prepaid cards look and work much like regular credit
cards and
function much like regular credit
cards.
A secured credit
card initially
functions as a
prepaid credit
card.
These upcoming products are expected to
function like a
prepaid card and will be able to swipe their
card to pay the bills up to a set limit.