Compare Credit Cards

STEP 1 – Search for credit cards by:
Card Type Credit Score Issuer
STEP 2 – Select an option:

Prepaid Credit Cards

Prepaid credit cards offer a lot of advantages over traditional credit cards. In this article, we will talk about the difference between both types of cards. Every bank and lender has understood that it is very hard for consumers to satisfy the essential requirement of these cards, whether they are applying for or using them. Providers were not able to make anticipated earnings because of bad credit ratings.

Search by Type Of Card
Search by Issuer Of Card
Prepaid Credit Cards

To find a solution to this problem, providers came up with prepaid plastic money that every consumer would be able to use without requirement to have good ratings. This plastic money is convenient to carry and simple to use. These days, it is not feasible to carry the hard cash in all places you go. Nothing can be done if someone robs you or steals your purse. These prepaid credit cards are not much different from other credit card apart from the money limit. This plastic card is linked straight to your saving account and providers make just the balance of your saving account available for spending. It can be used without restraint and any worry of debts or late payments. The amount is deducted from your saving account the moment you make a purchase in the market. With the card you can do online shopping and are able to cancel it right away if theft or any fraudulent transaction occurs. Another advantage of prepaid credit cards is the possibility of using them and being accepted globally. Consumers can make use of them in any part of the globe when they are paying, at a store in the US or a museum in UK. It offers benefits for parents, now they are able to keep track how much cash their kids spent. And children are not able to spend more money than the available balance in their parents’ account. Thus, parents do not have to be anxious about the credit history of their kids.

© 2011 All rights reserved.