Only specific merchants allow the usage of this kind of card. A closed-loop card can only be valid at a certain store or collection of retailers. A good example is a closed-loop prepaid card card used on your local public transit system.
You can track all your closed-loop prepaid and gift cards at Neontra →Budgeting with gift cards or prepaid cards can help you avoid accidental overspending, prepay for expenses and take advantage of store-specific perks, such as discounts and points.
How to Budget Using Gift Cards and Prepaid Cards By Emily Starbuck Gerson →← Curating the web to find the most interesting and helpful information about your money.