An OTC card is a debit or credit card that is not affiliated with a bank. This means that the card can be used at places like CVS, where traditional bank-issued cards are not accepted.
OTC cards are convenient because they are not tied to a bank account, which can make transactions faster and easier. In addition, because OTC cards are not subject to bank regulations, they can offer better benefits and protections than traditional bank cards.
However, there are a few caveats to using an OTC card online. First, the card may not be accepted at all merchants. Second, some merchants may not accept transactions that exceed a certain limit. Third, transactions may take a bit longer than with a traditional bank card.
Fourth, fees may apply for using an OTC card online. Finally, because OTC cards are not backed by a bank, they may not be as safe as bank cards when it comes to financial security.
Overall, OTC cards are a convenient and fast way to make transactions. However, be aware of the restrictions and fees associated with using them online, and remember to always be cautious about protecting your financial security.
