Pros and Cons of Prepaid MasterCards
If you are having trouble getting your credit card application approved, you don’t have to worry because you can go for MasterCard Prepaid. Here are the pros and cons of a prepaid MasterCard.
First of all when you go for a Free Prepaid MasterCard, you will not have to worry about credit checks and difficult application process. You will not have to worry even if you have a poor credit history. You will get 100% guarantee that your credit card will be approved. Moreover, prepaid MasterCard comes with instant approval. Secondly, you will not have to worry about paying your monthly bills or about the due dates. Your prepaid MasterCard will work just the same way as any other credit card. You do not have to carry around paper money so it is very safe to make use of prepaid MasterCard. You will also be able to make use of your prepaid master card on the internet without having to worry about your security. Your prepaid MasterCard will minimize the risk levels dramatically even when you choose to use them online. Your will not have to reveal your personal identity when you make use of a prepaid MasterCard. You will be able to remain 100% anonymous and you will be able to use them just about anywhere you like.
Prepaid MasterCard is ideal for people that like to keep their expenses under control or their monthly shopping under control. You will never be able to spend more than credit value of your card. You can however top up your card as and when you need to giving you free access to your money anywhere you like. Your prepaid MasterCard will not be linked to any of your bank accounts and therefore it is very safe. You will get free purchase protection when you use it for shopping. This is also one of the best ways of introducing your teenager into the usage of credit card. Rather than giving your children pocket money you can give them a prepaid MasterCard and top it up as and when required.
Prepaid MasterCard is very convenient for use. It works just the same way as your credit card but without all the complications of a regular credit card. This does not mean that prepaid MasterCard is not without any disadvantages. You will have to be aware of all the disadvantages of your prepaid MasterCard before you signup for your prepaid MasterCard. One of the disadvantages is that you will have to incur number of charges and transaction expenses depending on your card type. Normally prepaid MasterCard will involve application fee. Added to that a prepaid MasterCard never really enhances your buying power unlike a regular credit card.
You will have to be paying unnecessarily each time you use your prepaid MasterCard. You can avoid this by making cash transactions. You will be able to shop just for the value of the credit that exists in your card. You will have to frequently think of topping up your credit card. If you are not in a position to top up your prepaid MasterCard, it will be useless for all practical purposes. If you do not pick the right prepaid MasterCard, you will not be able to improve your credit history using prepaid MasterCard as it is not linked to any of your bank accounts. If your prepaid MasterCard is lost or stolen, you will have to spend time trying to block your card and deal with the related issues.
However, when compared to the disadvantages of pre paid MasterCard, the advantages are more compelling. This is one of the reasons why many people go for prepaid MasterCard. There are many companies offering prepaid MasterCard you will have to compare all the top companies and find the best deals. This will minimize the overall charges and fees involved. Make use of our online prepaid comparison tool to compare all the top prepaid cards.