Contact Us

Prepaid Credit Cards

Things You Should Know About Prepaid Credit Cards

Image of Prepaid Credit Card.

In the last few years there have been many different types of prepaid cards such as telephone cards, gift cards and now prepaid credit cards. There are several advantages to using the prepaid credit card that you will never get using a regular credit card, but perhaps the most important one is that you cannot spend any more money than you have deposited into your account.

Credit Card	Details	Credit Card	Details
	Vision Premier Prepaid Visa Card - $0 activation fee - with direct deposit* - $0 weekly fee - with direct deposit - Guaranteed approval* with no credit check - Free unlimited purchase transactions - Free direct deposit - Free account alerts - email and/or SMS text messages - Pay any bill: rent, cellular phone, insurance, utilities, etc. - Load cash at over 100,000 participating retail locations - Take Control - no late fees, no interest, no NSF fees		READYdebit Card - 100% Approval guaranteed - Better than a checking account - Pay nothing now - Free direct deposit - Now with free credit builder - Free phone and online access to your account - No declined transaction fees - Great loading options - Safer than cash - all deposits FDIC insured; purchases covered by Visa Zero Fraud Liability protection - Cheaper than credit
	Facecard prepaid MasterCard - No activation or monthly fees - Instant and convenient access to funds - anyone can go to the website to set up a one time or recurring gift - Friend-to-friend paybacks as easy as going to the website via internet or mobile phone - Ability to use anywhere MasterCard debit cards are accepted, including ATMs - Use it to give a gift or get a gift-no more wasted gift cards - Safe and easy way to have funds when studying and traveling abroad		Capcom Rewards Visa Prepaid Card - Designed for Gamers, with popular Capcom game designs on your card - Get instant discounts on everything at the Capcom online store - Get cash rewards on everyday purchases and up to 20% cash value back from over 750 Capcom Rewards Mall merchants - Get exclusive access for Gamers - No limit to discounts or earned rewards - No credit check, no finance charges, no debt Prepaid Visa card that can be used anywhere Visa debit is accepted - Full cash management features: instant text alerts, online billpay and more
	SilverCard Prepaid MasterCard *- 100% guaranteed approval/no credit check** - No overdraft fees or minimum balances - Perfect card for government/benefits checks recipients - $0 activation with rebate* - Free direct deposit of your pay or government check - Free unlimited purchase transactions anywhere where MasterCard debit card is accepted - Online checking - electronic or paper checks		Green Dot Prepaid MasterCard - No credit check, ever - The most popular prepaid in America - Save $5 today when you order online - Easy reload using Green Dot MoneyPaks - Available at over 50,000 retailers including Walgreens, CVS, Rite-Aid - Extra bonuses with Direct Deposit - No bounced check fees or outrageous interest charges
	Wired Plastic Prepaid Visa Card - No bounced check, NSF and overdraft charges - Rewards Program - Earn 1 point for every $1 spent, redeem for Prepaid Wireless Airtime, Music Downloads, LD Calls - Free credit builder with overdraft protection - Bill Pay Service - pay anyone online or over the phone, even if they don't accept credit cards - Free direct deposit or add cash instantly at over 100,000 retail locations nationwide		Prepaid ARC Travel MasterCard - 100% guaranteed approval with no credit check - perfect for bad credit or no credit - No hidden fees: no monthly or annual maintenance fees - Multiple load options: PayPal, direct deposit, online banking, Western Union, Money Gram, and more - Free travel benefits: Lost or damaged luggage coverage, Travel Services Medical Assistance, and more - With PayPass, you can simply tap and go - no need to hand the card to the cashier - Reloadable, up to $9500 balance

In order to use prepaid credit cards you will have to deposit money into your account and it works just like your checking account, as long as you have a balance in your account you can use your card in any store to buy the things you want or need. You can use your card to shop online where the only way you can shop is with some form of credit card to pay for your purchases.

For parents who are sending their kids off to college a prepaid credit card can be the perfect way to teach them how to budget their money. With a regular credit card, mum and dad often end up with a huge monthly bill that can come as quite a shock when their child does not realize that someone has to actually pay for their purchases at the end of the month.

When you are looking at the variety of prepaid Visa cards you need to make sure that you fully understand the terms and conditions set forth by the issuing company. With some companies any variance from the rules can result in large financial penalties or the loss of card use privileges. One of the best things about these cards is that there is never a credit check as the issuer is not lending you any money.

With prepaid debit cards you are never going to have to pay any interest since you are spending your own money. There may however be some form of service charge or monthly maintenance fee to cover the costs of using your account, but if you shop around you should be able to find a card with minimal charges. If you get you prepaid credit cards from the bank you normally do business with, chances are very good that you will not have to pay any fees as it will be tied directly to your bank account.

For someone who has either had credit problems in the past or is just starting out many credit card companies offer secured credit cards. Similar to the prepaid cards in that you have to have a deposit on file these cards will actually help to establish your credit rating. While you may have to have a deposit on file the issuing company will give you a line of credit that is more than you have on deposit. They are taking the risk that because you have some of your own money on deposit you will be responsible and pay your bill.

Prepaid credit cards are a great way to let you spend your money in a responsible, controlled manner anywhere you need to shop. By not allowing you to spend more money than you actually have there is never a risk of going so far into debt that you cannot pay your bills.