Prepaid Debit Cards: MasterCard Gift Card Versus Visa Gift Card

Everyone knows about gift cards and many people have used them at one time or another. Since there are various gift cards to choose from how do you know which is best for you. The two most popular gift cards are the Visa and the Master Card.

When you compare the two they are both very similar. Lets take a look at the Visa gift card first and what it offers. You can purchase a visa gift card just about anywhere that gift cards are sold. You can also use the visa gift card at any location that accepts visa. You have the option of purchasing a $25, $50, or $100 visa gift card. You can also add any amount you like that is higher than $150.00, which is known as a custom amount. There are definitely many pros when it comes to Visa gift cards. For example it makes a great gift. Nowadays instead of giving a person cash in a card you will usually see a gift card. It is also great for shopping online if you are worried about someone stealing your identity from an online purchase. The only downside that I have found is that if your purchase comes to more than the amount you have on the card you will not have any type of overdraft protection like you would with a real credit card. I also found that most car rental companies will not accept a gift card when renting a vehicle.

The MasterCard is basically identical to the Visa gift card. You can put $25, $50, or $100 on the card or any specified amount higher than $100.00. Except there are some locations that don’t accept visa and only accept master card so having the master card gift card can definitely be a plus. I have found in my own area that more places accept master card than they do Visa for some reason. You may also be able to find both the MasterCard gift card and the Visa gift card at your local bank. If you are looking to purchase one online you can visit the following websites, www.walgreens.com, www.target.com.

Both of these gift cards are reloadable, and they are great for anyone. College students have found pre-paid gift cards to be very useful when covering their everyday expenses. Most parents like the idea of giving a gift card that only has a certain spending amount. It is also great for those who have a problem over spending when they go shopping. If you are a person who always tends to go over budget you can purchase a gift card and only put the amount of money that you plan on spending. This way you will not be able to purchase any additional items. Just make sure that you keep track of your balance at all times. They are also great if you are unable to get approved for a credit card due to current credit issues.

One final tip is to keep your gift card even after you have spent all of the money on the card. In some cases you will need the card to exchange items or to return an item. The bottom line is that both of these cards have plenty of pros and not many cons. Which card you buy really depends on whether Visa or MasterCard is accepted at the stores you shop at most often.