Prepaid Credit Card Canada
The prepaid credit card looks like a credit
card - it has the Visa or MasterCard logo and hologram -and
allows the convenience of cashless purchases like a signature-based
Canadian credit card, with no PIN input required at the point-of-sale.
However, your card accesses pre-loaded money from an account
you fund with your funding source(s).
As a prepaid card, there is no "line of credit"
extended. This means that your spending limit is determined
by the amount of money that you have loaded to the card. Best
of all, because it's not a credit card, there are no finance
charges, no late fees, and no accumulation of debt.
Learn
More About Prepaid Credit Cards
|