How To Use Every Penny On A Prepaid Credit Card

I bought new tires during a Black Friday sale. I got a great price on the tires, plus a rebate in the form of two $61 prepaid visa credit cards. They’ve been sitting on my desk for months unused, waiting for just the right opportunity.

It’s hard to spend an exact amount. I’ve had prepaid credit cards before, and typically I get it down to a few dollars, buy some gum I really don’t need and then throw it away when I get the balance as close to zero and then throw it away.

Three Ways To Use All Of A Prepaid Credit Card

There are ways to use the entire balance and get maximum use out of your prepaid credit card.

  • Tell The Cashier : If your total at a retail store is higher than the prepaid credit card, tell the cashier how much is on the card, they should be able to do the correct sequence to pay only that amount of your bill. Then, pay the rest with some other method of payment. However, you may get a blank stare from a less skilled cashier.
  • Online Bill Pay Split Payment: Many online bill payment portals let you select the amount to pay. Part of the bill can be paid using the exact balance on the prepaid credit card, and then the rest using a different payment method.
  • Self Checkout Split Payment:  This one is a little more difficult, requires having a variety of cash and change and use of a self checkout land. Knowing the balance of your prepaid credit card, go through the self checkout lane, and pay the first part of your bill with cash, leaving a balance of your total equal to the value of your prepaid credit card. Then use it to pay the rest of your bill.

You might get a prepaid credit card as a gift, or as a rebate for buying a product during a promotion. Using the exact amount on the card is difficult, but not impossible. Use these techniques to squeeze every penny out of your prepaid credit card.

How about you, EOD Nation, have you ever left money on a prepaid credit card?

About Travis

4 Responses to “How To Use Every Penny On A Prepaid Credit Card”

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  1. Sassy Mamaw says:

    My granddaughter and I were shopping just yesterday, and she had a gift card she had received for her b’day. We went through the self checkout, and she used the card first, and then the register gave the balance due, and she paid it with cash. It was a straightforward transaction. Is there a difference using a prepaid credit card than using a gift card?

    • Travis says:

      A gift card usually says on it how much it is for, and is unique for whatever retailer or business establishment your at. I think it gets run as a different kind of transaction. For example, if you have a gift card to “Cool Stuff Fashion” for $50, they first ring in your gift card as basically a $50 discount. Then, they take your method of payment and it gets sent out as a payment transaction to your bank – for the entire balance. In the case of a prepaid credit card it would go to whatever financial institution backs the prepaid card – but the point is, unless you tell the cashier you only want a partial payment using that payment type (and they know how to do it), the payment will be initiated for the entire balance.

  2. Sassy Mamaw says:

    We were at the self checkout, so we didn’t tell anyone it was a partial payment. The register just took what was available and charged us for the difference. I don’t mean to argue to argue, lol, I just thought maybe it was easier than originally thought. I really appreciate the explanation, and all that you do, Travis!

    • Travis says:

      I certainly appreciate you sharing your experience – and I could be wrong, but I think even the self checkout lane recognizes from the barcode that it’s a gift card. I’ve used the self checkout with a prepaid credit card (not really remembering what the balance was), and had it declined because there wasn’t enough on it. But…maybe some are smarter than others! 🙂

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