Straight Ben­e­fits

Consumer Voice - - Prepaid/gift Cards -

The first ben­e­fit of­fered by th­ese cards is that they en­able con­trolled spend­ing. One can spend only the amount that is put in the card. It thus also pre­vents debt trap. It re­duces the has­sle of car­ry­ing cash every­where a per­son goes. So chances of theft are re­duced. Th­ese there­fore make for good travel cards. It lim­its the amount of mis­use that can be done with the card in case of loss or theft. The card can only be used for the amount of bal­ance avail­able on it. Hence it is more se­cure. Th­ese cards make good gifts, as al­ready men­tioned.

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