Prepaid cards are different from debit or credit cards. Both debit and credit cards are issued by a financial institution, and whenever a transaction is processed, it requires third-party intervention. Therefore, it is mandatory to have network access to use credit or debit cards. Furthermore, credit cards come with a prespecified limit that the card issuer sets after evaluating the customer’s credit profile and history. However, a Prepaid Card doesn’t require credit profile evaluation. Instead, the balance available is set by the customer based on the amount they have recharged it with. On the other hand, debit cards do have some similarities with prepaid cards, but there is a significant difference. Unlike a debit card, no bank account is required to use a Prepaid Card.