Reloadable Debit Cards

Have you heard the term “reloadable debit card” and wondered what it means? You’ve come to the right place to find out (we know EVERYTHING about debit cards, including “reloadable” and “non-reloadable” cards).

A reloadable debit card is a debit card that can have funds “reloaded” on it. Simple as that.

Some cards, like prepaid gift cards, can only be used one time, and once the funds on the card are depleted, you basically just throw the plastic card away, because you can’t reload funds onto the card.

A reloadable debit card allows you to deposit (or “load”) more money onto the card. Typically, reloadable debit cards are cards that have the MasterCard, Visa, American Express, or Discover logos on them (that is, they are “network branded cards”).

Many reloadable debit cards also have the logo of a “reload” network on them. One famous reload network is the GreenDot network. Other, newer, load networks include the MasterCard rePower network, and the Visa ReadyLink network.

Here’s what MasterCard says about their “reloadable MasterCard debit cards”:

The MasterCard rePower Load Network is a new service from MasterCard that allows you to add money to your eligible MasterCard or Maestro^® prepaid cards at any of the thousands of participating retailer locations throughout the U.S.*
Add Cash Now. Use It Now
With MasterCard rePower, your money is immediately available for you to spend anywhere that Debit MasterCard or Maestro Prepaid Cards are accepted.

Reliable
MasterCard rePower uses trusted,MasterCard network technology. And with a MasterCard card, you have zero liability for unauthorized purchases.**

How to Reload
Simply visit a participating retailer with the cash you want to add.* There are two methods to reloading your card, depending on which the retailer supports:

• The Card Swipe Method
  At locations that support this method, your card is swiped and the load amount is entered at the register. Your cash load will be instantly available.
• The Green Dot^® MoneyPak Method
  At locations that use Green Dot MoneyPaks, simply purchase the MoneyPak in the amount of the load you want to make. Then follow the instructions on the MoneyPak to complete the load to your card. Your cash load will be instantly available.

Read more on the MasterCard website.

Visa and GreenDot explain their load networks in a similar manner.

Check Out These Other Prepaid Debit Cards:

1. 4 Kinds of Prepaid Cards (and When You Should Get One)
2. Visa CEO Sees Huge Opportunity for Prepaid Debit Visa Cards
3. MasterCard is Diggin Their Prepaid Debit Card Volume as Well