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A prepaid mobile device, also known as a pay-as-you-go (PAYG), pay-as-you-talk, pay and go, go-phone, prepay, or burner phone, is a mobile device such as a phone for which credit is purchased in advance of service use. The purchased credit is used to pay for telecommunications services at the point the service is accessed or consumed.
The service provides to low-income eligible people a free phone, [2] [3] free monthly data, unlimited texting, and free monthly minutes. Assurance Wireless users do not receive a bill, are not required to sign a contract, and do not pay activation fees or recurring fees. [4]
Pros. Cons. Can get a free debit card even if you don’t have good credit. Many prepaid cards come with fees such as activation fees, transaction fees, reload fees, withdrawal fees.
Debit cards make it easy to make purchases, shop online, and pull cash out of an ATM. But to use one, you need a checking account—and not everyone has one.. If you’re a part of the “unbanked ...
Prepaid refers to goods and services paid for in advance. Examples include postage stamps, attorneys, tolls, public transit cards like the Greater London Oyster card, pay as you go cell phones, and stored-value cards such as gift cards and preloaded credit cards. Prepaid services and goods are sometimes targeted to marginal customers by retailers.
Debit cards offer convenient access to your money. But there are some rules of thumbs for when your credit card may be better. Learn 5 places it's best to keep debit in your wallet.
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