As you may already know, a credit card is a plastic card that one can use to buy goods and services with the promise to pay it off later. However, this comes with the stipulation that this is not a free service, and you are paying an additional interest depending on your credit which can range from 4-30%. A debit card allows you to access your account directly with no borrowing involved and minimal to no fees.

The problem that many Americans face with debit and credit cards is the concept of ‘play now and pay later.’ These cards come with the large carry-on baggage of interest rates, overspending, and debt which is not a comfortable way to fly.

So how do you move to first class without all the baggage? Simple. A prepaid debit or credit card is like condensing your wallet full of cash into a small sleek card. There are no fees; you can’t spend more than you have, and since it has a Visa or Mastercard logo, everyone is happy to take your card (with maybe the exception of cab drivers in New York City). The way it works is you take cash to your bank and get it loaded onto a card for the equivalent amount. Depending on the bank, there may be a nominal fee. You can also load money onto your card online or over the phone.

The perks that come with a prepaid card are that you do not need a PIN, it can act as a debit or credit card, there are no interest fees, it is safer than carrying cash and it eliminates over spending. There is a 100% acceptance rate for all applicants over 18, unlike credit cards. This makes life easier for college students and young adults who may have an insufficient credit history. Keep in mind, a pre-paid debit or credit card won’t improve your credit but it won’t hurt it either. A prepaid debit or credit card is so easy you’ll become a frequent flyer.