Which card does GPR refer to?

General Purpose Reloadable (GPR) refers to a type of prepaid debit card that can be loaded with money and used for purchases wherever debit cards are accepted. These cards offer a flexible alternative to traditional banking services, allowing users to manage their spending without the need for a bank account.

GPR cards can typically be loaded with funds multiple times and used repeatedly until the balance is depleted. They are popular among individuals who may not possess a traditional banking relationship or those looking for a secure method to carry money without the risk associated with cash.

This differentiates them from other terms listed, which do not accurately represent the characteristics or functionality of GPR cards. For instance, "Gold Platinum Reward" and "Global Purchase Rate" are not recognized categories in the financial industry regarding prepaid cards, and "Guaranteed Personal Rate" does not correlate with the usage or description of GPR cards. Understanding the definition and use of GPR cards is essential for navigating modern financial products and services.