Ultimately, almost everyone can benefit from using a prepaid card, but there are certain advantages that make them optimal for specific needs. There a several groups of people who’s financial and personal needs make them perfect candidates for a prepaid card. If your answer is yes to any of the questions below, then prepaid cards may be a great solution for your financial needs.

• Bad Credit History?

No problem. One of the biggest advantages of using a prepaid card is that anyone can get one, whether their credit has been previously damaged or not. For a lot of people, bad credit is a reality and a prepaid card can be an excellent financing option for them. Credit card companies will deny a majority of people with bad credit and many banks require credit checks now even when opening up a bank account for the first time. Why not bypass all this and still enjoy many of the same benefits? (i.e. direct deposits, balance checks and transfers, and online purchases).

• Don’t want a Bank Account?

A lot of people these days don’t want to keep their money in a bank and incur all the associated costs and fees to maintain the account. Banks change account plans and have stipulations buried within their contracts. With a prepaid visa card, there are no hidden fees and no interest charges. You’ll always know where you money is located and you won’t have to worry about overdraft fees; you can only spend the money loaded onto the card. You can check your balance 24/7 online, via text, or with a customer service representative, so there are never any surprises when it comes to your money. Prepaid cards offer many of the same benefits of a traditional bank account, without any of the associated fees.

• Don’t want a Credit Card?

The routine of swiping a credit card carelessly can be extremely detrimental. This fast paced world filled with enticing credit card offers has millions of people in debt. Because of this, many people are trying to be more cautious about their daily spending and avoid the attitude of, "buy now, pay later." With a prepaid card, the money on the card is your hard earned money and can’t spend outside of your means. A prepaid card allows you to enjoy the benefits of plastic, i.e. getting money from ATMs and making purchases anywhere, but without going into debt.

If your answers to any of the questions above are yes, a prepaid card may be the perfect solution for you. And remember, these are just a few of the long list of reasons to use a prepaid card. Do your research and find the finance option that works best for you. Prepaid cards are a great alternative to the standards.