A prepaid card is a type of payment card that you load with money before using it. Unlike traditional credit or debit cards, which draw funds from a bank account or credit line, a prepaid card allows you to spend only the amount you have loaded onto it. This makes it a great option for budgeting, as you can only spend what you have already deposited. These cards can be used for various purchases, both online and in stores, just like regular credit or debit cards. Many people use prepaid cards for travel, gifts, or to manage spending for teenagers. They are also a useful alternative for those who may not have access to a bank account.