The application of pre-paid cash card for consumers

Many people are rejected after filling out a credit card application because of poor credit. The problem with this is that a major credit card is needed to make reservations for hotels, motels, car rentals and airline flights. Credit cards are also necessary when placing orders online or over the phone. Does this mean a person with bad credit can't do any of these things? Not if that person has a prepaid cash card.

Prepaid cash card is the card which requires you to load funds into the card and use
that money to make purchases and get cash. Once you have money in that card, the card can be used anywhere one would just like a regular credit card. You are not borrowing money from a bank or other financial institution. The best part of the prepaid cash card is that you can charge to your heart's content and you won't be in debt. The money is yours and once it is out of the credit, you can't spend anymore until you make another deposit or top up. The prepaid cash cards look, feel and work like a credit card but are pre-funded “stored-value” cards and there are no bills. It's the same principle as using a debit card linked to a savings or current account.

The concept of these prepaid cash card can help us control our spending. A reloadable cash card allows us to only spend up to the amount that we have pre-deposited into the account. If you tend to overspend or would like to control our spending then a prepaid cash card could be a good card for us.


One of the prepaid cash card that famous is NEXG card by Ambank. It is MasterCard that can be uses in everywhere in the world. It is very easy to get with RM25 starter pack from any 7-Eleven stores. One can simply start using prepaid cash card when money has been loaded on to a prepaid card by cash at a bank, Post Office, at Payzone or PayPoint terminals, bank transfer, through your employer or even by credit card.


This concept is also applied to another bank which is Maybank. Maybank offers debit card which is similar with prepaid cash card but it is directly deduct the money from your saving or current account. Other bank like Public bank also provided this type of debit card.



Application of prepaid cash card for consumers
- Buying petrol
- Online shopping
- Hotels booking
- Paying bills
- Online ticket booking
- People who travel that refuse to carry too much cash
- Those who cannot get approval of credit cards application
- Person who has poor credit rating or a history of bad debt who cannot get a credit card
- Allows you to set spending limits for you or yo