The Reloadable Visa Gift Card, as the name suggests, allows you to reload the card with cash several times over until the card expires. The Reloadable Visa Gift Card is an ideal choice for those without a credit card who want the benefits of a credit card, like shopping or paying bills online. They are also a way to build credit since some Reloadable Visa Gift Cards do report to the credit bureaus. It is also a good way to help teach kids and teenagers about money management since they can only spend the money loaded on the card.
There is however a difference between the Reloadable Visa Gift Card and Visa Gift Card. While both cards are accepted anywhere visa debit cards are accepted, the Reloadable Visa Gift Card has the following features that the Visa Gift Card does not have:
1. To purchase a Visa Reloadable Gift Card, you must be at least 18 years old and must provide a government issued ID.
2. Also, unlike the Visa Gift Card, you can use the Reloadable Visa Gift Card to get cash at an ATM, an important feature for many people that use the card for budgeting and cash management.
3. The Reloadable Visa Gift Card allows you to add money through direct deposit of your wages, tax refunds, or other disbursements, such as social security, child support, welfare or other payments.
4. Another important distinguishing factor is that the Reloadable Visa Gift Card allows you to pay bills online, including recurring bills and subscriptions. Some Visa Gift Cards claim to allow this but many consumers that have tried have been unsuccessful.
You can buy the Reloadable Visa Gift Card at the following stores – Walmart, ACE Cash Express, CVS, Kroger, Walgreens, some Supervalu stores, Safeway, and Rite Aid. For other locations, click here.
I highly recommend the Wal-Mart Reloadable Visa Gift Card for the fact that they just reduced the purchase fee to $3 from $8.94 in February 2009, which is the lowest I have seen so far. You’ve probably seen their commercials on TV about the $3 fee.
You can also get the Reloadable Visa Cards online at the following places: