Debit card payday loans have currently captured the loan market and if you are interested in having the same, then you got to have a fair idea about the concept first and then only you can make proper application for the same. There are various options available in the market for payday loans out of which debit-card option is the most lucrative one.
You can choose the concerned option at the time of making online application for this loan. Debit-card option is nothing but a prepaid card which enables you to access the loan funds from your loan account. After the recovery of the first loan, if you are planning to take a second-time loan from the same lender, then in that case you can get the chance of using the existing debit card.
Either master or visa card-branding can be chosen on your debit card and this facility is available in this case as well. But you must check out the loan regulations of your respective state that whether you are permitted to opt for this option or not.
What are the common features of payday loans via debit cards?
There are few common features of Debit Card Payday Loans and these features can be easily known directly from any online site or else you can read out the valuable articles on payday loans. The online site of any payday lender can also be visited for checking out the available loan options.
• Funds can be easily accessed by means of choosing the option of Debit card payday loans. The most interesting part is that you can take out funds as per requirement from time to time. As soon as the loan fund gets transferred to your loan account, your card gets activated and you can use the card like your bank account’s debit card. You can go to any ATM and can access your card for withdrawing necessary amount of funds. You can now also use this card for both online and in-store shopping purposes. You can even get the chance of using the same in case of on-phone purchases.
• You can get amazing offers of government benefits and tax refunds by means of using this prepaid card. These offers are really quite lucrative in nature and thus you will be benefitted a lot by having these benefits. You can also deposit direct amounts to your loan amount and those amounts can also be accessed via this card.
• There are many cash rewards that can be easily received on the usage of these cards as a result of which you can save greater funds from your pocket especially in case of purchases. These cash rewards can be either point collection on your card or else you can get cash-back facility.
• Multiple loan-options can be chosen by having these cards. On the other hand, you got to pay comparatively lower interest on these cards.
• The funds withdrawn from these cards can be used for any kind of purposes.