Free Prepaid Cards - No Fee Prepaid Credit Card

Ffrees

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Application FeesFree
Transaction Fees£1
Monthly FeesFree*
ATM Charges£1
Top Up FeesFree

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Weswap

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Application FeesFree
Transaction FeesFree
Monthly FeesFree
ATM ChargesFree
Top Up FeesFree

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Card One Banking Account

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Application FeesFree subject to £12.50 load
Transaction FeesFree - £1.50
Monthly FeesFree£12.50
ATM Charges£1.00 in UK - £3.00 abroad
Top Up FeesFree up to £2.00

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Caxtonfx Global

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Application FeesFree
Transaction FeesFree - £1.50
Monthly FeesFree - £1.50
ATM ChargesFree - £1.50
Top Up FeesFree

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FairFX

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Application FeesFree if you load £500+
Transaction FeesFree - 1.4%
Monthly FeesFree - 1.4%
ATM Charges£1.00 - £1.50
Top Up Fees

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Free Prepaid Credit Cards

What exactly is a free prepaid credit card?

A free prepaid credit card might be the right solution to staying debt free and maintaining monthly expenditures. In contrast to a conventional high interest credit card, a totally free prepaid credit card works by easily transferring money from your bank account or transferring money from a different credit card.

A lot of people love the convenience provided by a prepaid card, and they are available to everybody and this includes people who have low credit rating and even individuals with a past record for bankruptcy. In case you do not have a bank account, you can pay for a free prepaid credit card with cash. Furthermore, you do not need to wait for a credit rating check or need recommendations to apply for the card; neither do you need to provide your employment details or income details. Just buy the card, add some money and you are set to shop!

Free Prepaid Cards

So why do you need prepaid credit cards?

Several individuals with a bad credit score are usually turned down if they apply for the traditional credit cards. To many people, this is not really a problem. However, these days, major credit cards are important to book flights, make reservation for hotel rooms; rent a car and anything one can think of. These credit cards are likewise required when making transactions over the telephone or while buying or transacting online.

Does this imply that any individual with poor credit record cannot carry out these kinds of transactions? Definitely not! Banks are not really that terrible of course! This is exactly why they did come up with the idea of prepaid credit cards - to assist individuals with poor credit record carry out transactions that required credit cards.

No Fee Prepaid Credit Cards

Prepaid credit cards are given to individuals with a credit card account which has been pre- funded. The most interesting part of having this type of card is the fact that you can buy or transact to your heart's satisfaction without sliding into debt. Definitely, since you own the money in your account, you could spend at will but, as soon as your money is used up, you will not be able to spend again until you pay in money into your account once more.

If you happen to be one of those that are disappointed because credit cards are necessary to thrive in today's cashless society, yet you cannot get one because of your poor credit record, it may be perfect for you to consider making use of prepaid credit cards. You will not merely enjoy the advantages of using a card; you won’t have to fear about getting into debts ever again!

No Fee Prepaid Cards

Advantages of free prepaid cards?

· Widely accepted

Prepaid credit cards are generally accepted. Because they are connected with the biggest card companies, such as MasterCard, Visa, American Express, Discover, you can use them wherever those cards are accepted.

· Perfect cards for poor credit. Even with poor credit record or low credit rating, you will still be able to get the prepaid credit card.

· Different features

Apart from the basic capacity to make purchases with the card, this type of credit cards can be used to make cash withdrawals from ATMs.

· Reloading is easy

In the event that you have to put additional cash on your credit card, you only need to transfer cash to the card from a bank account.

· More convenient way to manage your cash

Once the money is used up, your spending stops instantly therefore you can’t get into debt.

Disadvantages of free prepaid cards?

The major disadvantage associated with this card is the various charges associated with the card. Activation fees, transaction fees, inactivity fees, declined transaction charges, ATM charges and many other charges are associated with this card. Though not all these cards are so costly, a few of them are quite cheap; it all depends on the specific card type.

One more demerit of this card is that it is not regarded as a type of credit; consequently, you cannot build your credit record using this type of cards. You need to understand that despite the fact that prepaid credit cards do have the logo of credit card issuers on them, in actual fact, they are not considered credit cards.

Free Prepaid Credit Card

The truth is you are spending your real money already deposited rather than borrowing and repaying it; therefore credit facility is not functional with this card.

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