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.

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