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What are the benefits of a prepaid debit card?
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The main benefit of a prepaid debit card is that it allows you to have control over your finances. You can only spend what is on the card and cannot overspend or go into debt. 2 Another advantage is that it offers greater security than traditional bank accounts as there is less risk of fraud or theft. 3 Prepaid cards also offer convenience, allowing you to access funds quickly and easily without having to wait for direct deposits. 4 Finally, they often come with rewards such as cash back, air miles, and discounts.