If you’re paying down your debts and really struggle to stick to a budget, and a cash system just doesn’t do it for you (because ahem, going to the bank and withdrawing cash before going out can be a hassle!) prepaid debit cards may be an option.
Additionally, if you are budgeting on behalf of someone else- like a young adult who is learning how to budget and earning an allowance, a debit card can be a fun way to teach intelligent habits with plastic!
Since I’m going on a cruise in a few weeks, having a prepaid debit card is a bit more convenient than carrying cash around Boston and Bermuda, but it also can help me cap my spending since I have a tendency to spend more than I budget on cocktails and clothes when I travel. Plus, the Kaiku card account is customizable on their app, and so is the card (you can pick your colors) so it’s really geared for a younger crowd that wants a prepaid card that’s tailored for their lifestyle.
Here are some perks to the Kaiku Prepaid Debit Card:
Before I leave on my cruise, I tested out the card at a local eatery (emmm BBQ) and while I was out running errands this past weekend. The card is secure, so you can use it to pick up your bar tab, or when you make a Target run. Like any debit card, you have a pin that you choose, and you can reload funds pretty quickly if needed. Also, a cool feature on the app is the ability to reload via depositing checks via the app! If someone writes you a check, you can snap a shot of the check through the app and reload your card via direct deposit..easy peezy!
Tested the Kaiku card on my Target run…super easy!
There are only two fees: a low monthly maintenance fee ($3) and an out-of-network ATM fee. If you avoid out-of-network ATMS then it’s just $3 a month – and that’s easy to do, since this card may be used at any of the 55,000 Allpoint surcharge-free ATMs worldwide.
The app has a lot of social features that make it comparable in convenience to my regular bank- direct deposit by phone on their app, friend-to-friend transfers (to pay your besties back for concert tickets or send them some birthday cash) and easy maintenance on the app…making it super easy to use and a great tool for budgeting and money maintenance that you can live with!
I was given the Kaiku card to review, on behalf of Kaiku Finance, LLC. with Visa Clear Prepaid Designation. All opinions and all mason jar cocktails are my own.