Looking For Prepaid Credit Cards? Make Sure You Follow Our Advice!
Looking for prepaid credit cards doesn’t have to be a headache.
If you’re looking for prepaid credit cards, there are a few things you should know before jumping in and purchasing the first one you can find. Follow our advice when looking for prepaid credit cards and you’ll be well on your way to making a wise consumer decision.
What is a Prepaid Credit Card?
A prepaid credit card looks and functions just like a regular credit card. However, instead of borrowing against a credit balance, you prepay on the credit card and use the funds that you paid as you need them.
Why Buy a Prepaid Credit Card?
If you have credit problems or you have a teenager or child that you don’t want to give a traditional credit card to, a prepaid credit card can be the solution. However it’s important that you know what to look for when looking for prepaid credit cards.
Shipping Charges
If you’re looking for prepaid credit cards online, make sure you’re not being charged ridiculous shipping charges. Some companies charge as much as $6.95 to mail you a prepaid credit card with a 37 cent stamp. Don’t let these companies take your hard earned cash. If you’re looking for prepaid credit cards and they want to charge you astronomical shipping charges to mail you the card, look elsewhere.
Hidden Fees
When looking for prepaid credit cards, make sure you’re not going to be charged any hidden fees. Some prepaid credit card companies will charge you a fee against the unused balance of the card each month. If a prepaid credit card has automatic monthly fees, don’t go for it. Look for a prepaid credit card that only charges a fee if the card goes unused for an extended period of time, like Discover Card’s prepaid credit card.
High Setup Fees
Many prepaid credit cards will require you to pay a one-time setup fee. This fee can range from $0 all the way to $50. When looking for prepaid credit cards, it’s best to opt for cards that do not charge a setup fee at all or cards that charge a minimal fee.
All in all, prepaid credit cards can be an excellent tool for those who have challenged credit or those who cannot have a regular credit card for any other reason. Just make sure that you pay close attention to fees and requirements when looking for prepaid credit cards.
To apply for your own prepaid credit cards, visit this site.
Comments
Hi
Just been scammed by www.freedom-cards.com. They offer an anonymous prepaid credit card but its just a scam. How can these things be stopped. Its a company in Latvia. Now I am very wary of all prepaid credit card offers
Posted by: karen rose | June 5, 2006 5:20 PM