Prepaid Mastercard

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Prepaid Mastercard: Myths vs Reality

Rounding it up

  • There are many misconceptions about prepaid credit cards, like the idea that they’re the same thing as debit. This is untrue; prepaid cards come with extra perks (cash back, anyone?) that debit cards can’t offer.

  • Contrary to some beliefs, prepaid cards are widely accepted! You can even link them with your smartphone for Apple, Google, and Samsung Pay.

  • We can’t speak for other prepaid credit cards, but the KOHO prepaid Mastercard takes it up a notch with zero fees and robust protection against theft.

  • Plus, the KOHO card won’t let you overdraft on your account and won’t charge non-sufficient funds fees, making it a great money management tool.

5 min read

Gaby Pilson
#credit card#prepaid credit card#KOHO#Mastercard

Gaby Pilson

Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.

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The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.

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