There are many great reasons to use prepaid debit cards, ranging from the protection of your identity, ensuring your money and giving money as a gift for convenience. In this article I will tell you that prepaid debit cards are a bad idea, because the truth is they are a great idea, but there are several things you should understand that different store to buy a prepaid debit card from the "mail in rebate" debit card.
The first thing to understand is that although these cards are probably by the same companies that supply and fund store bought cards, and they work the same way, they lack a key component of store bought card that gives you makes them valuable-privacy and anonymity!
thing about those debit cards you get when you send in the mail in rebate or a cell phone company sends a thank you to buy their phones or mobile services, and even prepaid cards that you apply for within the stores that are marked with the trade name, So you can save money on the purchase or use features such as a rebate on the purchase, is that all these things that require you to submit personal information such as your address, name, possibly your e-mail address, phone number, and date of birth (age ).
You May not be fully aware that at times, but even if the card has your name on it, it really is not in the sense. Many companies are realizing that information is worth money, especially for tracking spending habits. wealth of information you gave to your mail in rebate only connected at all what you use the card for the purchase.
Marketing companies buy this information from all the different venders, and though the company only gets a certain amount for a set of personal data, when they link to your other information, and any other mail in rebate card you use, they can follow a lot more than you think. People are not aware of all the things they do and how they become connected over time, but pre-loaded debit card that many companies use "for your convenience" have a hidden agenda. It is a violation of privacy that although the potential was done was done legally and immorally without your explicit permission.
To recap, you buy a prepaid card from a store such as the green dot is not found in this arena, in fact, since we do not have to give out any personal information tab, spending his agenda is not in any way related to you . You May want to be careful, however, cards that are offered by banks or companies controlled by the store itself as having access to your credit card or debit card, unless you buy the card with cash.
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