There are a lot of reasons why reloadable debit cards have become so popular in recent years. They actually are a very valuable financial tool for most people. But perhaps the largest reason these cards are competing so effectively against credit cards is that you don’t have to have any credit in order to get one. That’s right, you don’t have to have any credit and you don’t need to have a bank account either.

All you really need is to be 18 years old and to have valid identification. If you do, you can buy a prepaid debit card and load it up with your own cash again and again if you wish. Then you can use it just like you would a credit card but without all the worry about interest rates, minimum payments, and hidden fees that credit cards carry with them.

To find out more about how prepaid debit cards are replacing credit cards as the plastic of choice in many peoples wallet, please read What Exactly are Prepaid Debit Cards?