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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.
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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