Prepaid cards and their benefits

06 May 2013 - Mark Maffia

Email Article Print Article

Prepaid cards and their benefits

Prepaid cards are a perfect solution to avoid landing in red figures

Maybe you are a student or have a bad credit history and cannot have a traditional credit card a prepaid card could be the ideal solution.

The difference to a traditional credit card

Money spent with a traditional credit card will be booked off your account by the end of the month.    It is a kind of loan which the card issuer provides.   A prepaid card works exactly like any other credit card but no money will be booked off you have to load it with money before you can use it.

The advantages of a prepaid card

A prepaid card is used for making payments in shops and restaurants, to go shopping on the Internet, for booking events, and one can use it at cash machines around the globe.   The only difference to a normal credit card is that it is not possible to lose the overview and spend money one does not actually have, because it cannot be used if one hasn't put credit on it in advance. This is why an application for a prepaid card will be accepted even if you have no work, have a bad credit score and if you are under 18 years old.

A prepaid card can be an ideal solution for travelling, as the exact travel budget can be put onto it.  It can also be used for business expenses, and for young people to receive their pocket money.




Compare Foreign Exchange and Currency >>

Compare Loan and Debt Products >>

Compare Cards Products >>

Compare Money Products >>

Compare Insurance Products >>

We are always looking at simpler ways of controlling our day to day spending , Transaction accounts are the simplest way this can be done .
30 August 2016
Which Way To Pay
As we all want to keep on top of our financial situation , Transaction accounts can do this for you .
Having the stress of money worries hanging over you day in day out is very stressful. Thats why Bad Credit loans could be your answer.
08 August 2015
Which Way To Pay
When it comes to keep being refused by banks and lenders for a solution to clear your debt once and for all . Bad Credit Loans are there to help.
When spending on your reward credit card , many different benefits whilst using this.
14 May 2015
Which Way To Pay
Make sure you get all the rewards you are entitled to with your Rewards Credit Cards.