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No, a "prepaid credit card" is a credit card with a balance of $0 but you pre-pay a certain amount. So you buy a card for $500, you can charge up to $500 on it then it's useless. Similar, but not linked to any bank account.

A debit card debits from your account. A credit card requires the bank to extend you credit.




In that case the card effectively is a bank account of its own and often has features such as accepting direct deposit. I believe those cards are regulated as Reg E (EFT/debit) and not Reg Z (credit). They aren't regulated as banks, though a lot of them do place the money with a bank to get FDIC protection, but there was a major regulation change for these accounts a few years back that added more requirements for fee disclosure and ID verification.




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