The Application of Pre-paid Cash Card For Consumers

A pre-paid card is like a credit or debit card. Its give consumers ability to purchase the products and services with a card by just swap the card on the counter.

Because it is a prepaid card, spending limits are set by the amount of money you load onto the card. When you make a purchase with the pre-paid card, the purchase amount is deducted from the card balance. You can add more money on a regular basis or whenever the money runs low.

There are numerous benefits offer by pre-paid card. Pre-paid card have no credit checks, which means you can get a card without worrying about your credit history. Second, its do not have debt risk. With a prepaid card, you do not worry about you spend too much as you are limited to the amount you put on your card. Third, it is safety because you not need to carry large amount of cash to purchase the products and services. If your card gets lost or stolen, your remaining balance will be transferred across to a new account, and you will receive a replacement card.


One of the examples of prepaid card is Touch n Go card. Touch n Go card uses contactless smartcard technology. The card looks similar to a credit card. User can continue using the card as long as it is pre-loaded with electronic cash. User can reload the card at many places such as toll plazas, train stations, Automated Teller Machines, and Cash Deposit Machines.

Touch ‘n Go card enhances the speed of paying for low value but high frequency transactions. Apart from the speed, it is also very convenient because user no longer need to prepare for small change or wait in queue at the cash lane to complete the transaction.