stored value card


A type of card, which is similar to a debit card, but includes a fix amount of money that can be withdraw from the corresponding account. Gift card or pre-loaded debits cards are common examples of stored value card. One of the downfalls of this type of card is the user may lose funds included on the card if he/she does not used before its expiration date.

Use stored value card in a sentence

You may want to keep a stored value card so that you always have something to fall back on if you need it.

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The stored value card was the best option for the gift for the financially irresponsible party who wanted a visa card.

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For people with troubled credit histories, financial advisers often recommend stored value cards instead of credit cards because they are without risk and totally within the cardholder's control.

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