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Many of these prepaid credit cards have partnerships with certain retailers so when you make purchases at a partner, you use it, but literally paying no fees means this card deposits to your savings account.
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Some are reloadable, but most.
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Prepaid mastercard canada bmo | Plenty of these cards have no annual fees and some, like the Wealthsimple Cash card, have no foreign transaction fees either. Reload your card. Someone unable to obtain a traditional credit card due to their credit history , and want to take advantage of credit building services offered by some prepaid card providers. Unbanked or underbanked consumers struggling to qualify for a traditional credit card or bank account. This makes it a good option for people who are looking to get a prepaid card. |
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