On one of the BIN databases available on the internet upon will tell you whether the card is Credit or Debit and if it is a Prepaid card or not. So the possible combinations are:
- Credit Prepaid
- Debit Prepaid
While it seems clear to differentiate Credit cards having a credit line and Debit card being connected to the balance of bank account I do not understand why a Prepaid card can also be Credit or Debit.
From my experience you can load some amount of money onto a Prepaid card and then use the card for online-only transactions until that amount is spent. Being processed online you could classify those transactions as Debit transactions. Given that assumption a "Prepaid Credit" card would mean a Prepaid card which also supports offline transactions. Therefore it would be possible with such a card to exceed the cards actual prepaid balance because it cannot be checked in offline transactions. But that would be exactly what should be prevented by using Prepaid cards.
Can anyone explain the categorization of Credit, Debit and/or Prepaid in detail?