Why Get a Prepaid Credit Card?

Published on 1 January 1970 by Raffick Marday

Prepaid Credit Cards are perfect for the new age of ‘Austerity’, offering consumers flexible purchasing power and better budgeting without the temptation of falling into massive debt as credit cards can.

Prepaid credit cards can help consumers by:

Budgeting Money

A pre pay credit card is a good way to budget your monthly income if money is tight and you want to ensure you do not unconsciously overspend. Prepaid cards can be bought for a small charge of up to £10 to be used immediately once funds have been loaded.

Learning about Money

Prepaid credit cards are a good way to help children learn the value of budgeting and it can encourage them to monitor where they have spent their money. As the card does not allow the user to spend more than is preloaded onto it there is no chance of the user getting into debt, plus they are available for under-18s.

Pocket money or a small income can be deposited onto the card and it does not need to be linked to a bank account if a child does not have one.


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