What Can We Get from Reloadable Debit Cards?
If you are the type of person who tends to routinely overspend on purchases or if you’re someone who wants to take control of your spending habits immediately, a reloadable debit card can be the ideal solution for your situation. The reloadable prepaid debit card is starting to come into its own. It’s not just a tool for the credit-challenged. It’s actually a great financial tool for anyone. Unlike credit cards which allow you to charge now and pay later, debit cards are uniquely designed to withdraw the appropriate funds from your designated account at the precise time of the transaction.
For instance, Kaiku card can make purchases at just about any website that a credit card can. That is not to say that you should automatically go on an online shopping spree. It just means that at the very least, you should be familiar with the basics of your Kaiku card.
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What is Kaiku Card?
No, this has nothing to do with Japanese poetry; that is haiku. Kaiku cards are reloadable prepaid debit cards. Debit cards have many advantages over credit cards. The amount of money paid with them is simply deducted from the holder’s bank account so the resulting balance can be obtained immediately. There is no interest charged. Of course, there are some disadvantages, too. If a debit card is lost or stolen, the holder has less time to report the loss before an unauthorized transaction is made with it.
What Brings Us to Kaiku?
Kaiku gives prepaid VISA debit cards featuring Angry Birds from the video game of that name. To get a Kaiku VISA card, you simply apply the usual way. The only information you must give them is your name and email; no snail mail or phone number is asked for. Then you may choose to add a payment option, of which Paypal is one. Your card will be delivered to you in the mail and you can use it any place that VISA cards are accepted. No fees are charged for activation, late payment, inactivity or overdraft; all you have to pay is the monthly maintenance expense of $1.95. You do not even have to have a minimum balance in your account. This is a reloadable card to which you add only as much as you wish to spend.
Kaiku also offers a free mobile app that you can download and access your VISA card anywhere.
