I am quite overwhelmed today morning when I called my bank to cancel my last credit card. It is really an achievement for me considering that at the peak I had 5 credit cards on my wallet which later I realized was not a wise decision at all.
One of the reasons that I hang on to saving one credit card in my wallet is its usefulness in online purchases and transactions. Let’s face it. We need at least one credit card to do online transactions like purchasing your domain name or airline tickets.
So when I discovered the prepaid card of National Bank of Abu Dhabi (NBAD) last week, I was delighted.
Very eager to know about its features and benefits, I inquired and days later applied for it. I see it as an excellent option to keep me away from any spiraling debts and be in control with my finances.
So, what are its features and benefits?
The NBAD prepaid card works like a debit card but can be used as well for online purchases. All you have to do is to fund the NBAD prepaid visa card and it is ready to use like online shopping.
Applying for it is very easy. I just went in Khalidiya Branch. I completed the registration form and presented my driving license. Any ID will do. Then an initial deposit is required. The minimum deposit is AED 100 and the bank charges AED 10 for the first deposit. The fee for the subsequent deposits will be AED 5 per deposit.
After an hour, I left the bank with the NBAD prepaid visa card on my hand though activation is done within 24 hours.
Balance inquiry can be done through the ATM machines of NBAD or though online.
To learn more about this product, click it here.
Don’t get me wrong.. I am not paid to write about this product. I am just happy to share that this option is available and I personally believe that it is an excellent choice especially for those (like me) who are working on improving their financial health.
I think AED 5 deposit fee is very minimal comparing to paying an interest or late payment fees for not being able to fully settle their credit card bills every due date.
