Prepaid Cards Provide Security, Convenience and Flexibility

BFG offers a variety of prepaid cards for its members

Whether they are for personal use for a vacation or business trip, used as a "Thank You" or "Special Occasion" gift for someone, or to provide a pre-determined amount of money for a son or daughter away at school, prepaid cards can be used in numerous ways and offer an array of benefits. Discover for yourself why these prepaid cards are so popular, due to their unique benefits for everyday use.

Prepaid Cards Provide Safety and Security

Prepaid card users will enjoy added safety and security. By using these cards, you can eliminate the need and risk of carrying large amounts of cash. Additionally, travel EuropayMastercardVisa (EMV) prepaid cards with EMV chip technology provide greatly enhanced safety ensuring that lost or stolen cards don't come with big consequences. Cards with EMV chips are gaining popularity across the globe, with 80 countries in various stages of migrating to this new technology.

Reloadable Prepaid Cards Can Be Used as a Budgeting Tool and Save You Money

Reloadable prepaid cards can be a great substitute for a checking account, without the checks and the maintenance of a check register. The best part is there are no overdraft fees! Reloadable cards can also be a great budgeting tool to make sure you don’t over spend, since you cannot withdraw or purchase more than the balance available on your card. You can decide how and when you spend your money. This is a perfect way to budget your spending on vacation, sending allowance money to your son or daughter in college, and much more.

Prepaid Cards Offer Flexibility and Convenience

Prepaid cards allow their users great flexibility, too. They don't need to wait for a check to clear, and a prepaid Visa or MasterCard will be accepted virtually anywhere.

Clearly there are many great benefits of prepaid cards, but it's also important to consider some of the different options to choose between and work with. These include:

  • Travel EMV Prepaid Cards: Greatly improved flexibility, convenience and security compared to traveler's checks or cash, and can be utilized across the globe. Can also be utilized to draw money from banks and ATMs, and can be reloaded at any time.
  • Gift Cards: Gift cards are loaded with a specific one-time amount of money, anywhere from $10 to $1,000. They are safe, quick and easy to use, and can be utilized by the recipient for in-person store purchases, or to buy online or over the phone.
  • Reloadable Prepaid Cards: A reloadable prepaid card offers even greater flexibility, while allowing you control. Can be used with direct deposit to get instant access to funds, or can be used as a reloadable card as a great way to monitor a budget or allowance spending by your dependent(s).

Learn more about prepaid cards, their benefits and the different options available by contacting BFG Federal Credit Union, call 800.306.4400 or visit today.