Benefits of Prepaid Credit Cards

Published on 13 July 2012 by Raffick Marday

Benefits of Prepaid Credit Cards

Perhaps you are one of the many people that do not want to use their credit cards or their debit card that is tied to it. Of course, you can't shop online and other places if you do not have plastic as sometimes cash just will not suffice.

Since this is a plastic society in which we find ourselves it makes sense that the prepaid credit cards exist since they are a way to have the Visa or MasterCard logo on it and not be tied to any other account.

You can use prepaid credit cards just like you would any other credit card but when the funds dwindle on the card, you cannot use it anymore like you could a regular credit card or if one were tied to your bank account, you could potentially spend more than you want.

The prepaid option has become very beneficial in many situations especially when they are refillable - or have the ability to add money to the card. It works well for parents to give to college age children to ensure they so not over spend or over draw a checking account.

The prepaid credit cards takes all the guess work out of your record keeping especially if the card is just being used as play money or have the ability to shop online. Whatever the case may be, the prepaid offers many benefits to people that simply do not or cannot get a bank account.

This can happen if you have had a bad experience with a bank in the past such as with overdrawn or writing bad checks. It often is impossible to open a checking account in these cases.

If you are looking for an alternative to traditional credit cards and debit cards, you really should look into the prepaid credit cards, but be aware that they are different and often come with different fees.

Make sure you read the fine print before you put your hard earned money on the card. After all, you do not want your money taken in fees and there are very cheap prepaid cards available - you just need to do a little research.


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