Help Members Fulfill Dreams with Prepaid Cards

​Fewer restrictions means more travel for your members, but a sense of uncertainty remains.  Prepaid cards can help navigate those unfamiliar roads. 

by LSC – DakCU CAP Executive Member
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While travel has been challenging over the last year, people have adapted by finding new ways to explore the world beyond their front door. Americans are looking forward to fewer restrictions in the summer of 2021, but a sense of uncertainty continues to impact travel trends. Credit unions can empower members with the right tools to navigate uncertainty and pursue their dreams of summer adventure. The prepaid card in particular is a versatile tool relevant to travelers’ needs.

The most noticeable travel trends reflect a fresh appreciation for family and living life to the fullest. People have moved away from the trend of solo trips. According to HomeToGo, only 8% of people have made plans to travel alone while over 80% planned to take trips as a family or as couples. The same source also points out that people have been increasing their research on international, dream-spot destinations. Not surprisingly, HomeToGo data shows people are feeling tentative about making plans and are waiting until the last minute to book their vacations.
A prepaid card program with multiple reload options, including 24/7 online and mobile fund management, can help members prepare to make the most of their last-minute family travel adventures.

Below are a few ways these cards can enhance the current travel experience.

• Members can budget and shop for travel-related supplies or planned trip expenses.
• Last minute planners can save time by quickly loading funds to cards. 
• Family members can use their own cards to track personal spending on items like souvenirs.
• Travelers can easily access funds for unexpected expenses.

Prepaid cards are not only convenient planning and budgeting tools, but they also help provide some peace of mind to travelers who already face a great deal of ambiguity. Since prepaid cards aren’t tied to a bank account, users don’t have to worry about account information being stolen if a card is lost. Prepaid cards can also come with added fraud protections to further put members’ minds at ease while they enjoy the excitement of a long-awaited vacation.
Prepaid cards complement your traveling members’ needs like a fully matched set of luggage. Security features and flexibility make these cards a convenient budgeting and spending tool to help members enjoy the fun of new experiences spent with loved ones.

LSC is here to help you support members’ financial goals and keep them informed about the products and services available to meet their needs. If you would like to learn more about our prepaid card program or other services, please contact our sales department at 1-800-942-7124.
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Today’s article was written by Naomi Anderson, VP of Prepaid for LSC.  At LSC, our philosophy is simple- we help our credit unions compete.  We are your comprehensive, one-stop shop for payment services.  Our team works directly with your credit union to create a new game plan to make you stronger and increase your wins.  The bottom line is it's our job to see credit unions succeed.  Visit our website to learn more or contact Steven Ryniec, AVP Sales and Channel Partnerships.