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How Pre-Paid Cards Work for Event Planning

Family households can use pre-paid cards to budget their spending and life-event expenses:

  • budget your monthly spending amounts
  • limit spending by the amount you load
  • avoid getting into debt
  • use to pay for life expenses as needed
  • use where credit cards are accepted
  • avoid exposing your home equity to fraud
User gets a prepaid card for themself or other (approval guaranteed). User adds spending money to the card based on budgeted amount.
 
User or other uses card
to buy food, supplies, services, etc., at any merchant that accepts MC/VISA cards.
 
User can monitor
pre-paid account electronically for budgeting purposes.
Pre-paid cards can help you maintain a spending budget.
 
User or other can reload the card with additional spending funds as needed.
 
Using pre-paid credit cards can protect the home equity credit line from mis-use and fraud since the money card is independent of the equity line.
 
Pre-paid cards can be given to spouses, children and others. The cards can be tied to a budgeting amount that limits spending.
 

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