💡Whether it is a Budget Card or a Prepaid Card, both belong to credit cards type.
Budget Card
Multiple cards can share a single account, and each card draws directly from the shared account balance when making payments. Essentially, it functions as a spending-limit tool.
Think of it like a family card: there is a total limit, and once the limit is reached, no further payments can be made.
Prepaid Card
One card is linked to a single account, and funds must be preloaded onto the card before spending. Payments are deducted from the card balance.
Essentially, it functions as a preloaded payment tool.
Think of it like a supermarket gift card: you need to top up the card before you can use it for purchases.