Budget Card
• Account Structure: Multiple cards share a single account and can be linked simultaneously.
• Payment Method: Payments are deducted directly from the account balance.
• Key Feature: A spending-limit tool that controls the total available funds.
• Example Use Case: Similar to a family “shared card”: there is a total limit, and spending beyond it is not allowed.
Prepaid Card
• Account Structure: One account is linked to a single card.
• Payment Method: Must be preloaded; payments are deducted from the card balance.
• Key Feature: A prepaid payment tool; spending is limited to the loaded balance.
• Example Use Case: Similar to a supermarket gift card: you must preload funds before spending.