My prepaid credit card storyMy Prepaid Credit Card!

Credit cards as gifts, rechargeables, ways to protect yourself from ID Theft, and more!

So much more information is planned for this page. 

I really want to make this a resource for everyone to learn about why prepaid credit cards are an excellent thing, primarily as gifts, but also as ways to save money, protect your information, change credit information, and to help students and teens.

So far, Visa, MasterCard, and AMEX are offering Prepaid credit cards, but many more are sure to be on the way, as more parents of college students and teens recognize the help they can be to their kids.

I have just been so busy with everything else, that I haven't had a chance to do all the work I want on this site, to share with you my prepaid credit card story, but it will happen very soon, and you will be convinced why prepaid credit cards are the way to go for Christmas gifts, birthday gifts, and they make a really nice anonymous, almost virtual gift for a secret admirer!

Until I can get my story here, you might want to check out the link below, as it will help you get an awesome prepaid credit card.



Prepaid Credit Cards Explained

Prepaid MasterCard & Prepaid Visa:
What you need to know about prepaid credit cards
A Great article from RLrouse.com


Do you need a prepaid credit card?

In today's credit-based society, it's hard to get by without a major credit card. Just try renting a car or making a purchase online without one and you'll see what I mean.

But for people with past credit problems, they can be very difficult to get. The answer? Prepaid credit cards.

 
What are prepaid credit cards?

Many lenders now offer prepaid MasterCards and/or prepaid Visa cards. These cards work exactly like a regular credit card. In fact, neither you or the store will be able to tell you're using a prepaid credit card simply by looking at it or using it.

The concept of prepaid credit cards is really very simple. You open an account and "pre-load" the card with cash up-front, similar to a pre-paid calling card. Then you use your prepaid MasterCard or Visa anywhere these cards are accepted.

 
Advantages of prepaid credit cards:
  • They're extremely easy to get. You can purchase a prepaid credit card online or at many local retail stores with no credit check or income requirements.

    All you have to do is fill out a short application, pay a small set-up fee, and load the card with cash (this amount will be your "credit limit").
     
  • There are no interest charges. When you use your prepaid MasterCard or prepaid Visa, you're not borrowing any money. The fact is you're using your own money so you pay no interest!
     
  • Prepaid credit cards can't get you into financial trouble or lead to credit problems, which is probably why you need a prepaid card in the first place. Since you aren't borrowing any money, you can't go into debt.
     
  • You can use them almost anywhere. A prepaid MasterCard or VISA can be used virtually anywhere VISA and MasterCard are accepted.

 
Disadvantages of prepaid credit cards:
 

  • You have to have cash up front to load the card before you can make a purchase with it. Of course this can actually be considered an advantage depending upon your perspective.
     
  • Some prepaid credit cards cannot be used to make automatically recurring payments, such as a monthly subscription to an online service.

 
Conclusion

A prepaid credit card can be an excellent solution if you have had past credit problems or have difficulty getting a regular card for some reason. In fact, a prepaid card might be the only solution!

If you decide to get one, compare several offers and select the prepaid credit card that most closely matches your needs and special circumstances.