Prepaid credit cards are a great way to keep your spending in check while traveling abroad. Unlike debit cards, they don’t have the same restrictions and don’t require you to carry cash around with you. Plus, most prepaid cards have zero foreign transaction fees and offer emergency assistance services just in case something goes wrong on your trip.
In this guide, we review Best Prepaid Credit Card For Travel To Usa, where can i get a prepaid visa card for international use, best prepaid card for international travel, and international prepaid cards.
Best Prepaid Credit Card For Travel To Usa
Best Prepaid Credit Card For Travel To Usa – Best Prepaid Cards for International Travel
- Best Prepaid Cards for International Travel
- Best Prepaid Card For Travel To Usa
- The best prepaid cards for international travel to Europe are:
- the Charles Schwab Bank High Yield Investor Checking Account, with no monthly fees and a 2.01% APY on balances up to $2,500. You can also earn 1% cash back when you use your debit card to make purchases. This is an excellent choice if you want a checking account that doesn’t require any minimum balance or direct deposit requirement, but still pays decent interest rates.
- The best prepaid cards for international travel to Asia are:
- the Charles Schwab Bank High Yield Investor Checking Account (with no monthly fees), which earns 2.02% APY on balances up to $2,500 and 1% cash back when you use your debit card at grocery stores or gas stations within the U.S., as well as having no ATM withdrawal fees nationwide; or – If you’re looking for something more traditional that’s easy to use abroad (and won’t cost anything if it gets stolen), then we recommend either an American Express Bluebird Prepaid Card or Green Dot Card from Walmart (both of which have very low fees).
The best prepaid bank cards for travel to the US
- Payoneer Prepaid MasterCard®
This prepaid bank card is especially helpful to those who travel outside of their country for work and need a way to access money when abroad. The Payoneer Prepaid MasterCard® does not charge fees for ATM withdrawals or exchanges at currency exchange kiosks, so you won’t get charged extra fees if you need to withdraw cash while away from home. It also has no minimum balance requirement, so even if you have just $10 in your account, it will still be accepted by merchants as payment. This is an excellent choice because it allows you to make purchases anywhere in the world using your own currency without any additional fees! To get one of these products today: Click here
- NetSpend® Visa® Prepaid Card
The NetSpend® Visa® Prepaid Card lets users deposit funds into their accounts quickly and easily with check deposits via mobile phone camera uploads or by mailing them directly from their checking account statements (upfront fee required). This card also offers free online bill payments with no monthly usage fees charged on balances less than $10k (after that amount monthly fee applies). The best part about these cards though are its low annual percentage rates which range between 8% and 12%. And if used wisely this could save travelers hundreds if not thousands during their trips abroad each year! For more info on how this works please click here
Best Prepaid Cards for Traveling to the USA
There are a lot of prepaid credit cards to choose from, but these are some of the best options for traveling to the United States.
If you’re looking for an international travel card that’s accepted anywhere in the world, then look no further than the first two cards on this list. They both offer competitive exchange rates, excellent customer service and large currency limits so no matter how much money you want to spend overseas they can accommodate your needs without any problems whatsoever!
On top of being one of our favorite cards for international travel (and domestic) these days we also had an opportunity recently where we really needed one ourselves – our car broke down on vacation so instead of buying groceries with cash or using our credit card I was able to use this prepaid card instead which came in handy at several different stores along the way home from Florida all throughout Georgia heading back home again through North Carolina into Tennessee before finally arriving back here in Mississippi after spending nearly $10k total worth out over three days!
Payoneer Prepaid MasterCard®
Payoneer Prepaid MasterCard® is a prepaid debit card that can be used to make purchases in the US and abroad. It is accepted at more than 25 million locations worldwide.
NetSpend® Visa® Prepaid Card
The NetSpend® Visa® Prepaid Card is a great way to travel with a US-based prepaid card. It has no fees and can be used anywhere Visa is accepted.
The NetSpend® Visa® Prepaid Card also makes it easy to withdraw cash from ATMs and make purchases online or in-store, whether you’re traveling internationally or spending time at home. You’ll even get free access to your account information online with the first load of the month.
And because there’s no credit check required, this card is perfect for people who may have had trouble getting approved for a regular credit card before—and for anyone looking for an alternative way to use their money that doesn’t involve swiping plastic!
PayPal Prepaid Mastercard®
Prepaid cards offer a lot of benefits to their users, but for travelers, it’s important to choose the right card. One of the most important features is whether or not you can use your prepaid card in the U.S., and if so, how much money you can withdraw from ATMs using it. PayPal Prepaid Mastercard® allows you to withdraw up to $250 per day at any ATM around the world (including those in the U.S.). Other features include:
- No annual fee
- Can be used at any ATM
- Can be used to buy goods and services online (e-commerce)
- Can be used to withdraw cash from ATMs
Netspend® International Money Transfer
Netspend® International Money Transfer is a prepaid card that allows you to send money to over 200 countries worldwide. It has no monthly fees, no minimum balance requirements, and no activation or set-up fees.
You can use the Netspend® International Money Transfer to pay bills online or transfer funds between your accounts at any time via your phone or computer.
Western Union NetSpend Prepaid Mastercard
We decided to look into the Western Union NetSpend Prepaid Mastercard. This card offers a lot of benefits, including:
- It’s easy to use. The Western Union NetSpend Prepaid Mastercard is accepted at all Mastercard locations and ATMs worldwide. You can also make purchases online and through mobile apps.
- It’s easy to reload. Rechargeable with cash or automatic payments from your checking account or debit card, there are no minimum deposits required for this prepaid credit card!
Travelex Money Card™
If you’re looking for the best prepaid credit card for travel to the US, the Travelex Money Card™ is a great choice. You can use it in any country and get local currency while abroad. It’s also an excellent option if you want to transfer your balance from another bank account or mobile wallet, as that service is free on this prepaid credit card.
What makes this card so useful? For one thing: it’s accepted just about everywhere. As long as there’s a Visa logo near the door handle or at checkout, then it will work with your Travelex Money Card™. There are no surcharges or fees when using this card overseas; just swipe away!
The only downside of using this kind of prepaid credit card is that most banks don’t offer rewards programs with these types of cards (though there may be some exceptions). So if rewards are important to you, look into other types of travel-friendly options—or consider using two different kinds together (like we talked about above).
These are the best travel cards for your international trips.
The following cards are all good for travel to the US.
- The Blue Cash Preferred® Card from American Express offers up a $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months of Card Membership. If you use it less often or want to save some money, the standard Blue Cash Preferred® Card also has no annual fee.
- Capital One Venture Rewards card is a great option if you don’t want to worry about paying an annual fee and getting cash back rewards on every purchase (1% cash back per $1 spent). The Capital One Venture Rewards card doesn’t charge foreign transaction fees so it’s perfect for traveling abroad too!
- If you’re looking for something simple and practical then look no further than the BankAmericard Travel Rewards Credit Card which earns 1 point per dollar spent anywhere but comes with no annual fee and no foreign transaction fees making it ideal for international travelers who want simplicity without paying an annual fee like many other travel credit cards do! It’s also one of the best ways to earn free flights because redeeming points through their system allows flyers access priority boarding privileges just like those offered by paid business class tickets so there’s never any reason why someone wouldn’t be able to afford using this method instead!
where can i get a prepaid visa card for international use
Nowadays, most prepaid cards are valid for international use. That’s because Visa International, the single largest credit card and debit card issuer of the world has agreements with millions of merchants in most countries around the globe.
If you’re already holding a credit card or debit card from Visa, there’s actually no need to look for a separate one for international use. However, if the credit or debit card that you’re using comes with limitations on worldwide usage, there’re various ways to get a prepaid Visa card for international use.
In fact, having a prepaid Visa card for international use has several benefits. Let me tell you a bit about these advantages.
Advantages of Prepaid Visa Card for International Use
As I say earlier, most Visa cards that are available nowadays are already valid for international use. Often, banks also offer the facility of blocking your card for international use with a simple smartphone app or reactivating the facility within seconds, when necessary.
In such cases, why should you opt for a prepaid Visa card?
Actually, there are five main advantages of getting a prepaid Visa card for international use.
Additionally, there’re different types of prepaid Visa cards for international use that are easily available.
Different Types of Prepaid Visa Cards
Visa has four different prepaid cards for international use that you can select from. These are available from various financial institutions.
Ask your local bank for such Visa cards for international use. And you can also search on Internet to find where you can get any of these three kinds of Visa debit or credit cards.
However, I’ll list a few places where you can easily get a prepaid Visa card for use abroad or online, which is valid worldwide.
7 Places to Get Prepaid Visa Card for International Use
Before applying for a prepaid Visa card for international use, I suggest you do some research. That’s because some of these Visa cards also come with loyalty programs. Meaning, you get points for every Dollar you deposit or spend. You can redeem these points for excellent freebies.
1. Walmart MoneyCard
The easiest way to get a prepaid Visa card for international use is at Walmart. You can collect a Walmart MoneyCard at your nearest Walmart or apply online. This card is issued by Visa and is valid for international use.
Walmart MoneyCard gives you cashback facilities while shopping at Walmart. And you can also avail cash overdraft two days before payday, if you link it with your salary account and meet certain specifications. This prepaid Visa card for international use is available online and offline.
2. Green Dot Visa Cards
Green Dot prepaid Visa debit cards are also available from Walmart. However, they don’t come with any frills. You can collect a Green Dot visa prepaid card in-store from any Walmart and Green Dot outlets. It is valid for international use.
This card also offers a facility known as ASAP Direct Deposit. Meaning, your Green Dot Visa debit card will get automatic top-ups one to two days before payday. There’re certain rules to avail this overdraft facility on Green Dot prepaid Visa card.
3. Target Prepaid Cards
Target chain of supermarkets also offers its own brand of prepaid Visa cards for international use. Currently, Target is offering two distinct prepaid Visa debit cards that are valid around the world. You can select any of these. You can order them online or collect from any Target store in your area.
One of them is the Target Visa Prepaid card, which comes with international use facilities. You can reload this card for $200 to get extra credit of $6. Additionally, Target offers discounts when you shop at their and select partner stores. The other is Target Visa Gift Card. You can buy the gift card for self too. Both these cards offer a few benefits, which can differ according to your area and season.
4. Rakuten Cash Back Visa Credit Card
The Japanese chain of supermarkets, Rakuten, also offers two distinct prepaid Visa credit cards that offer between one and three percent cashback on your purchases. There’re certain rules and regulations to qualify for this prepaid Visa card for international use. These cards are issued by Symphony Financial Co. You get amazing cashback in your bank account, PayPal wallet or prepaid card.
Rakuten Cash Back Visa Credit Card allows you to earn amazing cashback at more than 2,500 stores in the US and elsewhere including Macy’s, Walmart, Target and Amazon. Additionally, you don’t need to carry the physical card: Rakuten also has an e-card that you can use. Application for this prepaid card is simple: create an online account, fill in the necessary details and Symphony Financial Co will mail you one.
5. NetSpend Visa Prepaid Card
You can apply for a prepaid Visa debit card for international use online from NetSpend. Their card is issued by MetaBank. There’re no lower limits on recharging these prepaid Visa cards. You can recharge them using gift cards, debit cards issued by plasma collection centers and others by simply transferring the balance online.
The NetSpend Visa debit card doesn’t come with any frills. It has global acceptance. And you can hold more than one NetSpend Visa debit cards. These are ideal for giving to your children who may be traveling abroad for studies or holidays. You can recharge them instantly through the NetSpend website.
6. Foreign Currency & Travel Cards
Foreign currency and travel cards are very simple to get. A lot of banks and other financial institutions issue them for a small fee. They’re valid for spending in various major currencies of the world such as Euro, Yen, British Pound Sterling, Indian Rupee, Australian Dollar and others.
However, some issuers do not permit local use of these cards. And foreign exchange rates can make their usage very expensive. Therefore, opt for these cards only while traveling abroad. Such cards are best suited for frequent travelers and businesspersons who need to pay in foreign currencies.
More Visa Prepaid Cards for International Use
There’s another excellent option I can suggest. Visit the Visa International website and look for their prepaid cards. You’ll find a lot of information and a list of issuers. Some of these would be in America while others would generally be abroad.
However, it’s also possible to order a prepaid Visa card from foreign issues in some cases. As I mention earlier, look for terms, conditions, fees, other charges as well as benefits before applying for a prepaid Visa card for international use.
Closing Thoughts
If you’re a plasma donor or have been gifted a prepaid Visa card by someone, there may be no need to buy another. Check with the issuer if the card is valid for international use. It can save you some money on buying a new one. Also find charges on international use to ensure you don’t spend more.
best prepaid card for international travel
International prepaid cards can be a great resource when you travel, making spending foreign currencies and withdrawing local cash convenient and secure.
This guide looks at which prepaid cards can be used internationally, where to find prepaid reloadable international debit cards, and all about how to use prepaid debit cards for international travel.
We’ll also touch on how Wise’s prepaid debit card can help you save on currency conversion costs while you spend in 174 countries.
In many ways a prepaid card is similar to your regular debit card. You’ll be able to use a prepaid card to make ATM withdrawals or payments in stores, and you’ll avoid overdraft fees because you can’t spend more than you’ve topped up.
Prepaid cards really come into their own when you travel. When you’re in an unfamiliar place, carrying a card is convenient, and safer than having a lot of cash on you.
Depending on the card you choose, a prepaid international debit card may also get you lower fees and a better exchange rate compared to using your normal bank card.
Your prepaid card isn’t linked to any of your other accounts, so even in the unlikely event that you’re a victim of fraud or lose your card and PIN, the thieves wouldn’t be able to get to your regular bank balance. This gives you extra peace of mind, no matter where you are in the world.
You’ll find prepaid cards you can pick up before you leave home, and top up online in dollars. You then select the currency you need when you’re abroad, and switch your balance, so you know exactly how much you have in the foreign currency.
This can make it easier to budget for a trip, as you know exactly what’s available, and there should be no surprise fees or costs associated with exchange rate fluctuations. It also means you don’t have to spend time searching for a currency exchange office in an unfamiliar place — leaving you free to get on with enjoying your trip.
There are also travel cards which don’t switch your dollars in advance of your trip, but do so as and when you use your card for spending. These are rather more like using a regular debit card, but do mean you won’t be able to see the exchange rates used until after the transaction has been processed.
We’ll look in depth at some of the best US prepaid debit cards for international use in just a moment. The good news is, whichever you pick, it’ll be easy enough to get hold of your card before you travel.
Prepaid cards you can use internationally are often available to order online — in which case they’re delivered right to your mailbox. Or you may be able to pick up a card in a store or bank location, top up and get started right away. Easy.
You’ll have a good range of options available if you’re thinking of getting a prepaid travel card for your next trip. Here are a few to consider.
There’s also a handy table at the end showing which of the cards can be used to convert a balance and lock in the exchange rate before you travel to some of the most popular destinations from the US.
When opening a free Wise account online you can get an international prepaid debit card which allows you to keep over 50 currencies and spend like a local in 174 countries.
Because you’re able to add money to be spent directly in any of the currencies you can hold, the Wise card works similarly to any other prepaid card.
The most important difference, though, is that you might have to go through additional verification steps to make sure your money is secure.
On the upside, you’ll be able to convert currencies as needed, using the mid-market exchange rate and for just a low, transparent fee — or have the card’s auto convert feature switch to the currencies you need instantly, for the lowest possible fee¹⁰.
Get a Revolut card and account to hold and exchange 28 currencies, and spend in over 140 currencies using your linked card.
You’ll be able to exchange currencies using the mid-market rate in most cases.
However, there is a currency markup for Thai baht and Ukrainian hryvnia, and you’ll pay a fee for exchanging large amounts over the course of a month, or at a weekend.
There are a few popular cards from Netspend which offer prepaid spending at home and abroad.
You can either choose a card with a monthly fee, or a pay as you go option which doesn’t cost a fixed service charge but which does involve per transaction charges³.
This brings flexibility but fees for international spending are fairly high, so you will want to make sure you’re clear on the terms if you opt for this card type.
The foreign transaction surcharge can be in the region of 3.5%⁴, which is added to purchases and ATM withdrawals. A fee may also apply to the ATM withdrawal, which may be around 4.95 USD depending on the specific card you have.
You can buy a Western Union Netspend card in the US, and use it to spend where you see the MasterCard symbol.
You’ll be able to send or receive payments to the card using Western Union, although there are fees and an exchange rate markup you’ll want to know about.
Log in to your account online to check the specific costs for your transaction.
You’ll be able to get a prepaid card from PayPal, which can be used overseas as well as at home. You can fund the card with PayPal balance if you have it, or top up at a retail location, or online.
It’s worth noting that this card is convenient but does come with fees. There’s a monthly charge of 4.95⁷ USD, and fees for using your card when you travel. You’ll pay a 4% foreign transaction fee, for example. You may also find the exchange rates offered aren’t the best available.
Ally is an online bank. While the cards and accounts offered from Ally are not strictly speaking the same as the prepaid travel cards featured elsewhere on this list, you could open and use an Ally account in a similar way.
Accounts are opened online, so you could top up only what you intend to spend while you travel, and use your linked card for convenience.
This gives the security of a prepaid card, as your Ally account won’t link to any of your regular bank accounts.
Ally charges a 1% fee for ATM use overseas⁹, and there may be additional charges levied by the ATM operators. Check the full terms and conditions online.
There are many prepaid card options out there from banks and online providers. Because Visa and MasterCard are among the most commonly accepted card networks outside of the US, many travel cards are issued on these networks to increase coverage.
Use this guide to find the right Visa prepaid card for your needs, or ask your bank if they offer this product to account holders.
One handy feature of some prepaid travel cards is that you can convert your dollars to the currency you need before you go on a trip, locking in the exchange rate.
You’re then sure what you have to spend, and should be able to avoid any surprise fees. Here are the cards which give that option, by destination country.
Before you head off on your trip, here are another few top tips to make sure you can make the most of your money.
When you’re using a card abroad in a store or ATM, you may be asked if you’d like to pay in your home currency — dollars — instead of the local currency in your destination.
ATM and payment providers claim this is a service which lets you easily see the cost of your purchase in a familiar currency. However, it’s also a good way to hit unnecessary fees, and inflated exchange rates.
international prepaid cards
Some international travelers may not be aware that many merchants, restaurants and hotels overseas no longer accept the traditional mag strip credit and debit cards – an International Chip card is now required to make purchases. Altra offers personalized Visa International Chip cards for members that can be ordered online.
How do I order a card?
What is a Global Chip & PIN bank card and authentication?
Chip & PIN, also known as EMV, is an international standard replacing the magnetic stripe on bank cards used for payment transactions. The card can be used with a magnetic stripe or the chip, ensuring that both US and non-US merchants will be capable of accepting the card. EMV PIN transactions are more secure than those requiring a signature, and protect you against fraud.
How does the Visa International Prepaid Card work?
The International Prepaid Card is a reloadable prepaid EMV Visa debit card, which means you can spend up to the value placed on the card anywhere Visa debit cards are accepted worldwide. You can shop in stores, online, over the phone, and by mail order. You can get cash at Visa ATMs worldwide. Each time you make a purchase, the amount of that purchase is automatically deducted from the card. When used in international markets where merchants authorize with the Chip & PIN on the front of the card instead of the magnetic stripe on the back of the card, the International Prepaid Card avoids unnecessary declines. PLEASE NOTE: Altra Membership is required to order our Visa International Prepaid Card.
How do I check the balance on my Visa International Prepaid Card?
You can check your balance at this website, by calling your local branch, or by calling customer support at (855) 657-8588. Since a merchant may not be able to tell how much money is on the card, keeping track of your balance is a sure way to know how much you have to spend.
Where can my Visa International Prepaid Card be used?
Your card can be used to make purchases at millions of Visa debit locations worldwide and to obtain cash at any Visa ATM worldwide. Even merchants in countries who only accept cards with a Chip will be able to approve your transaction. However, note that some unattended kiosk terminals outside the U.S. such as luggage cart rentals, parking garages, even transit terminals may decline your International Prepaid Card due to the way the authorization is sent.
Are there transaction or reload limits?
However, for the protection of our cardholders, there are limits to the number and dollar amount of reloads, ATM withdrawals and cash advances performed within a certain time period. Cash-back from a Visa merchant is allowed at US Visa merchants only. To learn more about the current limits, please reference your terms and conditions.
Who can order or use the card?
Altra Membership is required to order the Visa International Prepaid Card. This card can only be purchased online by Altra members age 18 or older that have a valid Altra debit or credit card registered in his or her name. View membership eligibility.
The individual purchasing the card is defined as the primary cardholder. The address listed for the primary cardholder must match the billing address for the debit/credit card used to purchase the International Prepaid Card. Primary cardholders can order online up to 4 personalized secondary cards for family members or companions. When purchasing a secondary card for a young person (under age 18) with no card experience, be sure to go over all of the terms and conditions that accompany the card.
Can I purchase a Visa International Prepaid Card as a gift?
No, International Prepaid Cards cannot be given as a gift. You purchase the International Prepaid Card for your own personal use.
How do I get a Visa International Prepaid Card?
Altra Membership is required to order the Visa International Prepaid Card. This card can only be purchased online by Altra members age 18 or older that have a valid Altra debit or credit card registered in his or her name.
Does the cardholder need to sign an agreement?
Each card is distributed with Terms & Conditions. This document fully explains the terms and conditions regarding the use of the card. This document can also be viewed online. The cardholder accepts the terms and conditions by signing the back of the card, using the card, or receiving the card by request.
How do I activate my International Prepaid Card and obtain my PIN?
Your Prepaid card can be activated by clicking on the Activate Card button in the right side navigation bar. An assigned PIN will be displayed. You may also call the customer support number listed on the back of your card to activate your Prepaid Card, an assigned PIN will be spoken.
What happens if my PIN is not working?
It is possible you have forgotten your PIN. Do not make more than 3 attempts if you are receiving a bad PIN error in the terminal. If you try more than three times, you will lock the PIN on your chip located on the front of your card. Before you make any more attempts at purchases, call the customer support number and choose the option “Hear Your PIN” to obtain the correct PIN.
If the PIN gets locked on the chip when the failures occurred at a merchant outside the U.S., this card can no longer be used at merchants outside the U.S. It can, however, still be used at merchants within the U.S. and at any ATM worldwide.
If you need an International Prepaid Card to make purchases at merchants outside the U.S., you will need to obtain a replacement card with a new PIN.
If you lock the PIN while attempting to use it in an ATM, you do not need to replace the card, however, you must wait 24 hours for the system to unlock the PIN. During this waiting period, remember to call customer support to hear your correct PIN.
What happens if I need to return an item?
Each merchant location has its own return policies and will handle the returns in the same manner as any other Visa transaction and may take up to 7 business days to be credited to your International Prepaid Card. The merchant may credit your International Prepaid Card, provide a cash refund or issue a store credit.
What if the purchase is denied?
If a decline occurs, the card’s available balance is probably less than the purchase amount. You may inform the merchant of the remaining balance on the card and use another form of payment to pay the difference, subject to the policy of the merchant. Also, please be aware that some merchants – for example, restaurants, car rental agencies, salons, mail-order companies, and cruise lines – preauthorize for an amount slightly higher than your actual transaction to ensure sufficient funds for tips or incidental expenses. This amount is “held” until the transaction settles to your International Prepaid Card. Only the amount you sign for will ultimately be deducted from your card. Use of the card at automated fuel dispensers requires that a specific minimum balance be available on the card, which is determined by the issuer of the International Prepaid Card, in order to complete the transaction. For example, the issuer may require that there is a minimum balance of $75 on the card in order to utilize the card at an automated fuel dispenser. Again, only the actual amount spent will ultimately be deducted from the card.
Can I use the International Prepaid Card to make a purchase that is larger than the balance on the card?
Yes, simply pay a portion of the purchase with the available balance on your International Prepaid Card and then request to pay the balance of the purchase with cash, check, or another credit/debit card.
Can I reload the International Prepaid Card?
Yes, to reload using the funding account(s) registered online, cardholders can visit this website, call the number listed on the back of their card, or visit their local branch. Any applicable fee for reloading via the website or by phone will be charged to their funding source, along with the value being added to their card. Some issuers also allow the ability to have direct deposits set up from an employer, refer to your terms and conditions to confirm this option is available.
Why might my initial load or reload be declined?
Possible reasons your initial load or reload might be declined are: you have not registered any funding accounts on the website; the name/address on file with the debit/credit card issuer does not match the primary cardholder profile on the International Prepaid Card website; the debit/credit card expiration date or 3 digit code listed on the website is incorrect; or the load limit or other applicable limits have been exceeded. First, verify your funding account information and the total number of reloads performed to date. If this does not resolve the issue, call the toll free number on the back of your card to discuss other limits that may have been exceeded.
Can the card ever have a negative balance?
Any authorization request that is greater than the card’s available balance will be declined. However, there can be times when a Visa merchant puts an item through without prior authorization. If an overdraft occurs, the cardholder can dispute the transaction if it was not legitimate, otherwise you will be required to either reload funds onto the card or make a payment to Cardholder Services to cover the negative amount.