The use of prepaid cards is one of the many methods being suggested nowadays in order to prevent consumers from falling into debt. Managing Director of the national charity, the Debt Advice Foundation, David Rodger, recently stressed that an advantage to the product is the it helps put a stop on people from going into the red and acquiring interest, as they can only spend as much a there is on the card.“The customer gets all of the advantages of using a credit card, without the risk or temptation of spending more money than they have”, he said.

These prepaid cards can reportedly still be used in the same way as credit cards are utilized, allowing users to pay for things over the phone or online, the MD explained.

Mr. Rodger, however, did point out that there is still one issue that customers will have to take care of, which is that they will still have to limit themselves to only loading onto the card what they can afford, and not go overboard.