Top Debit Card Alternatives Boston 25 News [Video]

Are you in the market for a prepaid card?

There is a segment of the population who may not want or have access to a rewards credit card or secured credit card. And they may not want the transactional risk of a traditional bank’s debit card.

That leaves a prepaid card as a top option for non-cash transactions. This type of card is not attached to a bank account, so you can make transactions in person and online without having to worry about overspending or running up debt.

But you’re not just limited to the “prepay-and-reload a gift card” style of card anymore. You can make direct deposits and earn rewards like you might with a traditional banking relationship.

And there are emerging options in the space, including “cash” or “debit” cards that draw off your online balances from services like PayPal, Venmo and Apple Cash. This could allow you to fund a fully functional debit card without needing a bank account.

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