Advantages of using prepaid Visa debit cards include controlling spending, keeping money secure, spending money within set limits and preventing personal data from being stolen. One disadvantage of prepaid debit cards is they often come with various fees, such as activation, maintenance and reloading fees.
Because there is no overdraft on a Visa prepaid card, using it is a good way to curb spending and impulse buys. While the user doesn't carry a credit balance from month to month, he also isn't building up his credit score while using a prepaid card. A traveler may prefer using a prepaid card rather than a credit card or standard debit card linked to a bank account. Even if the card is stolen, only the money loaded on the card is lost, and the owner doesn't have to worry about his credit or bank account being tarnished.
Parents can use prepaid debit cards to teach kids and teenagers how to spend money within limits. Some cards are set up so that a text message is sent to show how much and where money was spent. The card can also be locked if necessary. Parents may feel more comfortable about their kids shopping online with a prepaid Visa card, because there's less chance of them becoming victims of consumer fraud.