I only knew postpaid and prepaid in terms of mobile recharge until I went to a mall where I was asked to use a prepaid card. I was confused so my friend came to help me and explained to me what is a prepaid card meaning and use. A prepaid card is like a debit card only that can be used to purchase things. It comes with a balance that acts as the spending limit. Once the balance money is used, we have to add more money to it. Let me tell you more about it.
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Prepaid Card Concept in simple termsSuppose you have recharges your mobile number with Rs 100 and you now have Rs 80 as your balance. You can send sms/ do voice calls/ use the internet and more using the money but after Rs 80 gets over, you have to recharge it again right? Similarly when the balance of a prepaid card gets over, you need to add more money to it and continue using it again.
Is a Prepaid Card linked with a bank?No. A prepaid card is not linked with a bank like the debit card. You load money directly into a prepaid card and no bank transactions take place for it.
I hope this has made you understand what is a prepaid card meaning.
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Authors Of The Question
What Is A Prepaid Card?
Deeshani
151Views
2 Year
2022-07-29T09:23:55+00:00 2022-07-29T09:23:57+00:00Comment
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