# Debt default prep - does it make sense to put money into a prepaid debit card? **URL:** \ **Category:** Credit Cards\ **Created:** [May 2, 2023, 2:57pm UTC](https://community.clark.com/t/debt-default-prep-does-it-make-sense-to-put-money-into-a-prepaid-debit-card/2730 "2023-05-02T14:57:36Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![ochotona](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/ochotona/32/293_2.png) [@ochotona](https://community.clark.com/u/ochotona)\ **Post date:** [May 2, 2023, 2:57pm UTC](https://community.clark.com/t/debt-default-prep-does-it-make-sense-to-put-money-into-a-prepaid-debit-card/2730/1 "2023-05-02T14:57:36Z")
I have paper cash money at home… does it make sense to get some money stored up in prepaid debit in advance of the possible Federal debt default and unknown financial repercussions? > **[Walmart MoneyCard - Prepaid Debit Card that Earns You Cash Back](https://www.walmartmoneycard.com/)** > > Earn up to $75 cash back every year on your Walmart purchases. Learn about the Walmart MoneyCard prepaid debit card. ---
**Author:** ![rjratnip](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/rjratnip/32/1821_2.png) [@rjratnip](https://community.clark.com/u/rjratnip)\ **Post date:** [May 2, 2023, 3:17pm UTC](https://community.clark.com/t/debt-default-prep-does-it-make-sense-to-put-money-into-a-prepaid-debit-card/2730/2 "2023-05-02T15:17:12Z")
What are you trying to accomplish? ---
**Author:** ![ochotona](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/ochotona/32/293_2.png) [@ochotona](https://community.clark.com/u/ochotona)\ **Post date:** [May 2, 2023, 3:21pm UTC](https://community.clark.com/t/debt-default-prep-does-it-make-sense-to-put-money-into-a-prepaid-debit-card/2730/3 "2023-05-02T15:21:34Z")
An alternate payment scheme… but if it has the same point of failure as a credit card, then it makes no sense. I’m just wondering if bank-issued credit cards lock up in a financial emergency, do pre-paid cards still work… because they’re not using a line of credit? Just wondering. Seems like it can’t hurt to have some money in it, then if it confers no advantage, just spend it later. ---
**Author:** ![rjratnip](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/rjratnip/32/1821_2.png) [@rjratnip](https://community.clark.com/u/rjratnip)\ **Post date:** [May 2, 2023, 3:29pm UTC](https://community.clark.com/t/debt-default-prep-does-it-make-sense-to-put-money-into-a-prepaid-debit-card/2730/4 "2023-05-02T15:29:53Z")
I don’t know why credit/debit cards would stop working should the powers that be not be able to pull their heads out of their butts. It seems the biggest immediate problems for individuals will be for those that rely on checks from the government as those this will stop. I don’t think either side of the idiot aisle will want to be responsible for any of this should it happen, but the finger pointing will be astounding and record breaking. ---
**Author:** ![ochotona](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/ochotona/32/293_2.png) [@ochotona](https://community.clark.com/u/ochotona)\ **Post date:** [May 2, 2023, 5:43pm UTC](https://community.clark.com/t/debt-default-prep-does-it-make-sense-to-put-money-into-a-prepaid-debit-card/2730/5 "2023-05-02T17:43:53Z")
If the banks have a crisis, and they can’t extent lines of credit any longer, then my concern is CCs might lock up. Supposedly during the GFC we were hours away from exactly that kind of event. With a prepaid card, it’s not credit, it’s supposedly your money in the account. Now my theory gets blown up if there is a crisis and my deposit just got thrown into a bucket where I don’t really have rights, and I lose the money on the card. I’m going to push a few $ into the Green Dot card and throw it into my safe with my paper currency. If I don’t like it, I’ll spend it, cut it up, and close the account. ---
**Author:** ![H200h](https://avatars.discourse-cdn.com/v4/letter/h/e79b87/32.png) [@H200h](https://community.clark.com/u/H200h)\ **Post date:** [May 4, 2023, 3:07pm UTC](https://community.clark.com/t/debt-default-prep-does-it-make-sense-to-put-money-into-a-prepaid-debit-card/2730/7 "2023-05-04T15:07:21Z")
A workable emergency money/exchange strategy should probably look like this: Normal → US $ → silver and/or gold coins → food storage I wouldn’t depend on any plastic except in normal times. ---
**Author:** ![Sally\_TeamClark](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/sally_teamclark/32/10_2.png) [@Sally\_TeamClark](https://community.clark.com/u/Sally_TeamClark)\ **Post date:** [March 21, 2025, 5:23pm UTC](https://community.clark.com/t/debt-default-prep-does-it-make-sense-to-put-money-into-a-prepaid-debit-card/2730/8 "2025-03-21T17:23:02Z")