Do you need a prepaid credit card?
With credit card companies tightening their belts and increasing the charges on a regular basis. Not everyone fits the profile for a credit card so what is the alternative apart from having a debit card linked to your bank account.
However, there is a way to get your foot in the credit doorway without the best credit history, a prepaid credit card.
Why get a prepaid credit card for work?
Whether making a utility payment, completing an online purchase, or renting a car, you can use a prepaid credit card just as you would a standard credit card. Many branded lenders offer prepaid Visa, MasterCard or Maestro cards and they look exactly like the regular credit cards. Neither you nor the retail clerk will be able to tell the difference.
The concept of prepaid credit cards is very simple. You complete an online application to open an account and pay the card this ranges from £5.00 to £10.00. You then “pre-pay” the card with cash up front, similar to a pre-paid mobile top up card. Once your card is loaded with cash you can use your prepaid Visa, MasterCard or Maestro card anywhere these cards are accepted.
To receive a card, fill out the lender’s application and open an account. You are required to by some lenders to provide ID such as a passport this is not a credit check but to confirm your ID as required by the FSA. Some prepaid cards no not require ID this is due to a restriction on the amount of money you can load up to on your card, which is a maximum of £500.00. Once you they have confirmed your ID and you have paid the application fee and loaded funds on to your card you can use your card to charge items up to your balance limit.
Prepaid credit card are still a new concept in the UK but branded card issuers are slowly catching up to the American market and over the next year we will see additional features and solutions to people that have credit problems. There are already prepaid credit cards that offer cashback when you shop online at selected retailers, if used on a regular basis can cover part / all of your charges and make you money.
Are you travelling aboard want a safer way to carry cash? Use a Prepaid MasterCard, Prepaid Visa or Maestro card when travelling aboard or on a business trip aboard. Control your spending, load your card before you travel to a foreign destination. A pre paid travel card is a safer and more convienient way than using cash, with a Visa you can use at over 25 million retail outlets worldwide and at over 900,000 ATM’s across the world. Before you book your next holiday check out the list below and see what you can save when you book your next holiday get discounts on flights, travel and holiday’s even insurance, Secure online application apply today.
Prepaid Credit Cards Mastercard
Are you looking for Prepaid Credit Cards Mastercard? The MasterCard logo is accepted just about everywhere worldwide and if you are traveling a prepaid card works quite nicely. The money you put on it can be used for vacation purposes rather than charging up your actual credit cards and going further in debt – vacation is not much fun when you’re worrying about how to pay for it later. Knowing what you can spend on the prepaid card and that it is just as good as cash makes your trip so much the better!
In addition, many people prefer to use the Prepaid Credit Cards Mastercard as opposed to their debit card as it is linked to their checking account. The nice aspect about a prepaid card is you cannot spend what you do not have on the card – so you do not have to worry about going over your budget by spending too much. Put the money on the card that you “can” spend and that’s it – when it is gone, you have no more money to spend.
Another reason people use Prepaid Credit Cards Mastercard is if they have children away at college – it teaches them to be responsible for their money and you can rest assured they are not over spending or have any connection to a bank account that could possibly get them into trouble with overdraft fees and whatnot. You can put a specific amount on the card each month and your child has to make that last for the entire more – this helps them to begin managing their money wisely.
The Prepaid Credit Cards Mastercard are not free and do have some fees associated with them so you would do well to check online to see compare these fees. This will allow you to find the lowest fees on the different companies that offer the MasterCard. It can mean you get to keep more of your money, so researching this is needed to ensure you are not paying over in fees that may be assessed at any given time. This helps manage your money better.
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