My employer gave a prepaid debit card to me when I joined my new job. Initially I did not consider the pros and cons of the prepaid debit card. I brought the prepaid debit card home and left it on my table. It was only after I read an article in a magazine that I realized the advantages of a prepaid debit card.

I learnt that it saves a lot of money and is a good way to manage one’s finances. Although I got it from my employer, I came to know that applying for them is easier than applying for credit cards. They are convenient to use as prepaid debit cards do not call for employee verification, credit history or bank accounts.

Luckily I did not have a habit of spending money on unnecessary items, but my wife had. So I gave the prepaid debit card to my wife to bring her shopping bills under control. Though she is not too happy with me trying to limit her shopping bills, she is satisfied that the prepaid debit card can be used in any corner of the world. They are user-friendly and have various value added services.