Relationship with the public Online transactions have increased rapidly since the Corona crisis. However, after this the financial burden has also increased on people as most credit cards are being used in online payments. In such a situation, financial experts say that if you want to control your expenses, then start using credit card world prepaid card and mobile wallet.
Limit setting
If you use a prepaid card or wallet, you can set a limit. You can add money according to the expenses of the month. This will help you avoid extravagance.
Help to prevent cyber fraud
Using a prepaid card or wallet not only prevents you from spending more but also protects you from cyber fraud. You may ask how you will incur very little financial loss due to fraud with prepaid card whereas fraudulent loss with credit card or bank account can result in big loss. Significantly, since the Corona epidemic, cyber frauds have increased rapidly.
Online card collection
If you want to get a prepaid card, you can apply online from the bank where you have an account. Apart from this, you can get prepaid card from other bank also. However, for this you have to complete the KYC process. Banks usually charge Rs 50 to 100 for issuing prepaid cards. After this you can add money according to your need. However, prepaid cards are for a fixed period. Before this, the money put in it has to be eliminated.
Wallet best suited for online transactions
Today, mobile transaction is the most suitable mobile wallet. There is a facility to keep 10 thousand rupees in the wallet without KYC. At the same time, upon completing KYC, you get the facility to keep up to one lakh rupees.
Benefits of prepaid card
While using prepaid card, you are using your money and not with borrowing money.
– No one can know your history of transactions on prepaid card purchases
– It is very easy to spend and save money on prepaid card
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