The pre-paid credit card is the best kind of credit card to have, if you have bad credit history or don’t have it yet. Many people today can’t get approved for a credit card and since you need them for most anything like shopping online or renting a car, this is the perfect solution, or is it?
A pre-paid credit card is a lot like a checkbook. You can write checks as long as you have money in the bank. Then banks came out with a debit card giving them greater freedom letting use of their checking or savings account. Now you can shop online using prepaid credit card.
Then came the pre-paid credit card. This is much the same as a debit card but you don’t have to have the checking account. You can apply for the pre-paid credit card with a 100 percent approval guarantee. Once you have the card then you can load money on your card. Then you have the freedom to spend at least until you use all the money on the card, then you have to load it again.
With most of these pre-paid credit cards you have to pay an activation fee at first which is usually $10 or more, then they charge a fee every time you load the card after that. But for people that can not get a real credit card it is well worth the fees so that you can have the spending power you need.
Although a pre-paid credit card is by far easier to get approved for than a regular credit card, they are still all different and each one offers different incentives like some do not charge a loading fee. Some let you to load your card using moneygram or have your employer load your paycheck on your card. It is best for you to go to a website where you can look at all the different cards and compare them.
In many ways a pre-paid credit card is better to have than a credit card. You don’t need to worry about interest rate, finance charges, overlimit fees, and even a bill. If you don’t have the money already on the card you will not be able to use it and you will not get into debts. So if you have bad credit and you are unable to do the things you want because you don’t have a credit card you don’t have to look any further than a pre-paid credit card.
Don’t let bad credit stop you from shopping online or renting a car. You can be like everyone else and get a pre-paid credit card, they are honored everywhere just like a credit card and these don’t let you spend more cash than you are planning and you don’t have to worry about paying it back.
Compare credit cards at http://www.credit-card-accepted.com
- Michael Huch
Highlights 
August 12th, 2008 