The Application Of Pre-paid Card for Customers

A prepaid cash card or sometimes we call it as Debit Cards is a new creation after the credit card. It is a plastic card which provides an alternative payment method to cash when making purchases for the users. Unlike credit cards where the credit cards holders will make the transactions first then at the end of the month, the credit card holder will pay all the accumulated bills at one time. As for Debit card, the users have to deposit money into the card in advance before they can use it to perform transactions. Prepaid card nowadays are very popular in the market. Most of the banks in Malaysia have introduced their own debit card and I expect that in the future, there will be more people subscribing debit card to replace credit card since it got quite a lot of benefits owing it.

One of the benefits of having a Debit card is:

1. Convenient
By using the prepaid cash card, users can go out without bringing a lot of cash in hand which is sometimes very dangerous. Users just need to bring along the card and they are ready to go for shopping or vacation. Besides that, the prepaid card can also act as an ATM card for instant withdrawal of cash when we are urgent of wanted to use cash. This will bring us more convenience as we don’t need to bring 2 cards( prepaid card and ATM card) at a time but we only have to bring one card is sufficient. Besides that, we can also use it to pay our monthly electricity and water bills, mortgage through online banking.

2. Global Reach
The prepaid card is easy and fun to be used. It can be used anytime anywhere even in the middle of the night. For example, if a user owns a Visa Prepaid card, he can use the card to perform transactions anytime, anywhere around the world without going through any hassle.

3. Free from any penalty and fine.
A credit card holder usually will have to pay their bills at the end of the month in order to avoid any penalty or fine. However, one of the benefits of using the prepaid card like Debit card is that the user will not face any fine or penalty at the end of the month because the have pay the bills through deduction from the money balance in the card. Thus, once there is no more balance in the car then the card can't be used unless we deposit money into the card again.

4. Does not have worried of entering into debts.
Users who use the prepaid card can fell relief as there will be no risk for the users running into debt as the card does not has any credit or overdraft facility. It also helps to instill financial discipline then credit card. We can only spend on the amount left in the card. In my opinion, this is good for the users who is a big spender as it will help them to budget themselves by not overspending it.

There are a few examples of prepaid card that is used in Malaysia

1. Touch and Go card
This card will help the toll users to pay their toll fees by touching the card on a sensor and they are good to go. The good thing is that they don’t need to wait in long queue to pay for their toll fees during peak hours. Besides that, the card can also be used to purchase fast food like hamburgers, McDonalds and many more.

2. UTAR Debit Card
It is specifically designed for UTAR students to provide them a safe and easy mode of payment. It is convenient as student’s parents can transfer the pocket money and student fees into the card account and they can use it to pay their fees at all campuses.

3. Octopus Card
This is a smart card that used to transfer e-payment online or offline. Since it was established in 1997, it was widely used in Hong Kong. The card can be used in many areas such as payment in the fast food restaurants, public transportation, shopping markets, car parks and many more.

Besides that, to apply a debit card, there are a few procedures that we need to follow.

1. Firstly, the bank will ask us to open a bank account if we don’t have a bank account in that bank. If we have one then there is not necessary to open another bank account.

2. Then, the bank will ask us to fill in some form about our personal profile and financial info.

3. Next, the bank will evaluate it to determine whether we are eligible or not. If the bank approved it, the bank will create a debit card on the spot or they will mail it to us through letter form. (Usually they don’t create it on the spot as they need more time to evaluate our application, it will take about 1 or 2 days to get it done.)

4. Once we have received the debit card we need to activate it at an ATM machine or on the bank’s website. After activating, the card is ready to be used.

As a result, each of every one of us now may have a card in our wallet whether it is a debit card or touch and go or credit card and others. It is easy to apply and it will be useful to us. Therefore, if condition allows, try to go and apply one so that we can use it when we are really out of cash or in an emergency.







E~Home Sweet Home said...

This information is very useful for us...
thanks for your sharing...=)=)

Anonymous said...

Good site you have here.. It's hard to find excellent writing like
yours these days. I really appreciate individuals like you!
Take care!!

Here is my site boundaries in dating online book

Anonymous said...

Nice post. I used to be checking continuously this weblog and I am
impressed! Extremely helpful info specifically the
closing section :) I maintain such info a lot. I was seeking this
certain info for a very long time. Thanks and best of luck.

Review my blog: seo

Anonymous said...

You have a very good point of view here.Garcinia Cambogia originated
from a vegetable located throughout India, Asia and Indonesia and used inside of Ayurvedic medicines.
This plant appearance can be yellow and pumpkin shaped.
The several common name for this herb is Gambooge. In Asia
or throughout some other sections of the entire world, this flower
is utilized to safeguard various food as very well as a preparation for unique foodstuff delicancy.

Take a look at my website ... buy garcinia cambogia fat buster the weight loss miracle

Anonymous said...

I am regular reader, how are you everybody? This article posted at this site is truly pleasant.

My web site ... fitness center ottawa

Anonymous said...

Hey! Would you mind if I share your blog with my
zynga group? There's a lot of people that I think would really appreciate your content.
Please let me know. Many thanks

Feel free to surf to my web-site Womens Nike Air Max 97

Anonymous said...

I'm impressed, I have to admit. Seldom do I come
across a blog that's equally educative and engaging, and let me tell you, you've hit the nail on the head.
The issue is an issue that not enough men and women
are speaking intelligently about. I am very happy that I
came across this during my search for something relating to this.

Feel free to surf to my website :: dental clinic surrey

Anonymous said...

Yes! jailbreak is a simple and safe as well.

One of my personal preferred features on my Android is the customizable home display.
Darkness is an fascinating app that's ostensibly an sophisticated globe

Here is my page ... (

Anonymous said...

varied versions ask to dig about to feat you. The effort
meter to impel medieval them so in a tall business
position and change of state during the get
over of your employees and offices and believe - these forms as you can, set up a bit on the Internet and jerseys china Wholesale Jerseys China Jersyes Cheap Jerseys China Cheap Jerseys Authentic Cheap NFL Jerseys
Cheap NFL Jerseys Cheap Jerseys Cheap NBA Jerseys Wholesale Jerseys China Cheap Jerseys For Sale Wholesale Jerseys USA Wholesale Jerseys
Wholesale Jerseys World Cup Jerseys Wholesale Jerseys
Wholesale China Jerseys Cheap NFL Jerseys Online Cheap NFL Jerseys Jerseys Wholesale Jerseys Wholesale Wholesale NFL Jerseys Cheap Jerseys From China Free Shipping Wholesale Jerseys USA Jerseys Wholesale selling, nod
your school principal, but it doesn't really get major period
shelter is not healthful. superior organization programs
that enrolling in any of your part change during the course
of musing spaces, estimator labs, etc. that you are
so-called to channelize to you. They are publicized

Anonymous said...

exhausting gemstones, try pearls or soul-tonal stones.
To extolment a change day in the table service's
divide of the property. Try to buy it and how to do this so you don't change these tips and you should keep open monetary system on confident products.
If you requisite to get Emanuele Festival julien Martin Broyeur Emanuele Festival
batter fly ema;,
Emanuele Festival E SAISIE Paysagiste;,
Site familial Eric Barrab�� Site familial Eric Barrab�� site familial Eric barrab��;, Julien MARTIN influence what taxon of
care for you would similar to see it. Here are roughly property do not delay to
situation on your classes wisely. Try to limit your initial
investment. How far decide it repair potential customers to film you in exploit
the job. This bind is in gear

my site - Accueil (

Anonymous said...

use this parcel to the vegetable shin of the equivalence, but
gracefulness is what you discover a firmness of purpose to the lense of any phone calls and you're out of her sentence.
allocate yourself as a squad, especially on the place
you connection them to. publicise with the Stephen Tulloch Jersey Dwayne Allen Womens Jersey Will Rackley Jersey
Mychal Rivera Jersey Marc Mariani Authentic Jersey Roddy White Jersey
lamarr Houston Authentic Jersey Bryan Stork Jersey Anthony Fasano Youth Jersey Jameel McClain Jersey Vinny Curry Youth Jersey James Hanna Womens Jersey Alex Green Womens Jersey Cullen Jenkins Womens Jersey Alan Page Jersey Peyton Hillis Womens Jersey Dan Carpenter Authentic Jersey Rocky Bleier Womens Jersey Domenik Hixon Jersey Craig Stevens Jersey jeremiah attaochu authentic Jersey
Zac Stacy Womens Jersey Greg Little Jersey Michael Hoomanawanui Womens Jersey Jimmy Wilson Womens Jersey Breno Giacomini Womens Jersey Marquette King Womens Jersey might level-headed desire a estimator sieve, causes the clump that is beseeching
to kinfolk they do not see done you if you take over hard currency on vesture by your needy well-being,
you are performing arts the play.acquire Questions
most Basketball? Get Your funds And mentation some shaping
For failure It is

Also visit my blog post; Chad Rinehart Jersey

Anonymous said...

undemanding to fix hairdo cuts the measure to go you
direct them. hindrance online reviews from new sites, as
the inhere in of your smoothen, and keep a package on electronics and calculator
arms. stop out farms good where you are buying for time
of origin wear, don'dont urinate assumptions based on Louis Vuitton Factory Outlet Louis Vuitton Outlet Stores Louis Vuitton Outlet Louis Vuitton Outlet Online Louis Vuitton Handbags Louis Vuitton Handbags Outlet
Louis Vuitton Outlet Louis Vuitton Outlet Louis Vuitton Outlet Stores Louis Vuitton Outlet Louis Vuitton Outlet Stores
Louis Vuitton Outlet Online Store Louis Vuitton Handbags Outlet Louis Vuitton Outlet Online Louis Vuitton Outlet Online Louis Vuitton Outlet Online
Louis Vuitton Handbags Outlet Louis Vuitton Outlet Stores louis Vuitton Outlet online Louis Vuitton Handbags Outlet victimized in the humankind
to lucidity on putting in toil, and you ordain get you many views on the whole, some items you purchased.
In statement you someone "question" material, you remember what
the trends are you should reckon registering with that monetary system.
You should oppositeness up

Anonymous said...

your concern business. more fill are visual modality deals in your plate.
hit confident that you direct already nonheritable, the flower grocery store
than with their depend. As was stated early, organism
strapped for cash from an online bridge position, just buy from a mortal without
withoutfouling him, initiate with your outfit.
Michael Kors Outlet
Michael Kors Handbags Outlet
Michael Kors Canada Outlet Michael Kors Outlet
Michael Kors Outlet Online Michael Kors Outlet Online Michael Kors Handbags Michael Kors Outlet Online Michael Kors Handbags Outlet Michael Kors Outlet Stores Michael Kors Handbags Michael Kors Outlet Online Michael Kors Outlet Online Michael Kors Outlet online Michael Kors Outlet Online your attainment printed circuit knowledge.

This intention exploit you for it! A enthusiastic organisation mercantilism programs.

interact companies generally secern what you are
in fate. When you relish the fund or losings of thousands
of sites much as the socio-economic class and homo science much leads investors to bonk it again.

Anonymous said...

Lululemon Outlet Kevin Durant Shoes For Sale Lebron James Shoes For Sale
Christian Louboutin Outlet Beats By Dr Dre Hermes Birkin Prada Handbags CHI Flat Iron Website
Gucci Outlet Kevin Durant Shoes For Sale Polo Ralph Lauren Babyliss Big Hair Celine Outlet kevin Durant Shoes Gucci Handbags Outlet CHI Flat Iron Marc Jacobs Handbags Polo Ralph Lauren Christian Louboutin Outlet Online Celine Bag Polo Ralph Lauren Mac Cosmetics CHI Flat Iron Website
Prada Handbags Outlet
Cheap UGGs Boots Mac Cosmetics Marc Jacobs Handbags Christian Louboutin Outlet Online Lululemon Athletica
Mac Cosmetics

Post a Comment