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They are known as a smarter and better alternative to Bank Account.

The easy accessibility of being accepted almost everywhere makes it a more promising choice while being backed by support off major card networks like Mastercard, American Express, etc.If you are a parent who wants to teach his kid about cards while ensuring less risk, you opt for a prepaid cardYou student is studying abroad, you want to ensure there are no financial glitches on the way, you opt for prepaid cardYou are a start-up or a large corporation that is facing budgetary issues (not able to spend according to budget limit), facing difficulty while streamlining financial tasks, and many more problems like these, you opt for a prepaid card making your business life more transparent and secure.7 Most Underrated Benefits of Investing in a Prepaid Card?You Don’t Need a Bank AccountHow cool is that!If you are worried about poor credit history, no credit, or some spotty borrowing history refraining you from having a card.

Just digitally apply, share your requirement, KYC verification and you are all ready to be an owner of a plastic card that is very easy to load.Reload Funds According to Your ChoiceIs overspending a problem for you?Yes, you heard this right, adding an amount on a prepaid card almost instantaneously with the click of a button makes it a promising choice.With the freedom to choose among many different options.

Some cards are loaded by the prepaid card owner themselves, while others are loaded by an employer, business/merchant, or government agenciesThe freedom of flexibility offered by a prepaid card makes it a superior alternative to opt for any day.Safe and Secure TransactionWhen it comes to financial transactions, assurance of safe and secure transactions is extremely important.

Since you don’t have to provide detailed bank account information, you know with a prepaid card you are safe and secured with definitely fewer chances of scams, fraud, etc.A prepaid card retains the peace of mind you have always wanted.SPOILS YOU WITH CHOICESCompanies that provide Prepaid Card Solution, usually ensure to come up with versatile card solutions specially crafted according to your needs and pain points.

Spoiling you with a choice like a gift card you can give to your loved ones by easily loading the required amount, a loyalty card that ensures customer retention and long-term health connect with them, employee card recognizing and acknowledging efforts of your worthy staff or a student card that helps you streamline all your financial; transaction-related to education.The freedom to choose what you want according to your needs makes it an appealing financial investment.REWARDS!We cannot talk about prepaid cards without talking about rewards.

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Mobile customers are being "ripped off" by operators who continue to charge them the full price of their contracts even when they have paid off the cost of their phone, says Which?

Some are potentially overpaying by more than £400 a year, according to the consumer watchdog.

Last year Ofcom asked operators to reduce prices to out-of-contract customers from February this year.

Operators, however, said they were offering customers plenty of choices.Many customers choose to get a new smartphone through a monthly bill contract, effectively paying off most of its cost over a year or two.

'Worst offenders'According to Which, the worst-affected were customers of Three, where about four in 10 customers whose contracts ended in the last six months claimed they saw no price drop.

Two in five EE customers and three in 10 Vodafone users said the same.On the other hand, O2, Tesco Mobile, and Virgin Mobile told customers that when their contracts ended their bills would reduce to the best available air time deal.Examples are given by Which?

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