Prepaid Credit Cards – Benefits and Detailed Descriptions
There are number of prepaid credit card offers introduced by the worldwide banks. It’s very easy for the person having bad credit to apply for a prepaid credit card. To get a prepaid credit card, the person needs to deposit some amount in to the credit card account, then only the card will be issued. It is almost same like a debit card. And there are no bills and interest cahrges. Initially there’ll be fee to set up a account, the amount varies around $5 to $10 to set up a prepaid credit card account. There are hundreds of offers available in U.S. Lets see the detailed description and benefits about a few offers named as the best offers.
Johnny Cash™ Prepaid MasterCard® Card: This card comes with a slogan mentioning "If You Love Cash… You’ll Love this Card!
This card offers a $2500.00 Max Value and 100% approved. There are no employment required, no security deposit, No Credit Checks, No Turndowns and there is absolutely no annual fees. The 20/20™ Prepaid MasterCard® Card: This card offers Guaranteed Approval, there are no Interest Charges or Overdraft Fees. Provides Budget Better – Avoid Debt option and the card member can use it at millions of locations & thousands of ATMs Worldwide.
The Vaya™ Prepaid MasterCard® Card: This card have some special advantages. lets see one by one. Provides guaranteed approval, there are no credit check, bank account or security deposit required, No interest charges or late fees and no check cashing fees. Provides Prepaid, with easy loading options, Free Direct Deposit and the card member can add cash instantly at thousands of retail locations. This card offers purchasing power at more than 32 million merchants worldwide, Cash Access at more than 900,000 ATMs and protected by MasterCard’s Zero Liability Policy.
Western Union® Prepaid MasterCard® Card: This card is named as Easy to get! Easy to use! No credit checks required, no lengthy application, a non-refundable $9.95 enrollment fee for the card and the applican don’t even
need a bank account. The card member can shop wherever MasterCard debit cards are accepted, can access cash from participating ATMs, the card member can reload cash on his card at any of the 47,000 participating Western Union Agent locations in the U.S. The card member can directly deposit paycheck on the card and he’ll get $4.95 waiver on his monthly account maintenance fee.
Baby Phat Prepaid Visa® RushCard: This card is simple and reasonable. There are no annual, monthly, or customer service fees. There is a One-time activation fee: $19.95 (so the card members don’t have to pay monthly fees that can cost $60 a year or more). There is fee per purchase: $1.00 (capped at $10 per month— additional purchases are free. ATM cash withdrawal fee: $1.95 (anywhere in the US)and the Inactivity fee is $2.95 (no loads, purchases, or ATM activity within 60 days).
Prepaid Visa® RushCard: There are no monthly, annual, or hidden fees. This card offer is created by philanthropist and entrepreneur Russell Simmons. Everyone is eligible to avail this card offer. There are no credit check or employment verification. Quick and easy application processing. Provides free money
loading with direct deposit of pay or government benefits. Also provides free 24×7 customer service, activity status, & balance inquiries.
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Help answer the question about prepaid credit card
How do I use eBay with a prepaid credit card?Say I have a $500 prepaid credit card and I'm trying to purchase something for $200 on ebay, how do I do it? Last I recall when I tried to set up an Ebay account it asked for information that couldn't be entered with a prepaid card. Is it possible?
February 12th, 2009 at 11:46 am
Yes there is a way for you get a prepaid credit card with your name on it. Its take 7-10 days and its is a credit card.
It cost like 10.00 please see walmart dealer or https://www.walmartmoneycard.com/walmart/homepage.aspx
I hope it works.
If you have a bank card visa that will work also.
February 12th, 2009 at 11:56 am
A debit card should work–I've been using my MasterCard branded debit card online for years. However, there are occasionally sites that say they don't take debit cards.
In that case, you could try getting a secured credit card. You make a deposit to the bank which becomes the limit of the card (you can't touch that money, so make sure you can afford it). So if you put $500 on a secured card, you would have a credit card with a $500 limit. After a year or less, the secured card will become unsecured and you get your deposit back and it becomes a regular credit card. It reports as a regular card to the credit bureaus too, so no one would know it's a secured card but you. Bank of America has one that is supposed to be very good.
You could also try shopping through sites that use Paypal–you can have Paypal draw directly from your checking account.
February 12th, 2009 at 12:30 pm
yes, in some ways it's better.
You have already paid the money ahead of time and now you can use it, up to the limit of your payment minus the fees charged for managing your acct. With a prepaid credit card you cannot go over the limit. so you realistically have no debt with the company because it is prepaid.
February 12th, 2009 at 5:05 pm
If you want a reloadable prepay card you will need to get a Green Dot Card.
Most of the others are prepaid Visa cards with a set limit and they can't be reloaded. You buy a $100 Visa Gift Card and use it up but can't reload it because it is not a real account. (Does not have your name on it).
February 13th, 2009 at 9:19 pm
I don't think so..
February 13th, 2009 at 10:52 pm
sign up for a paypal account and use the card on that, paypal doesnt care if its prepaid, and choose paypal at ebay checkout
February 14th, 2009 at 8:03 am
Prepaid cards won't, but secured cards very often report to the credit bureaus, and they WILL improve your credit.
February 14th, 2009 at 7:42 pm
As long as it is a valid Visa or Master card etc. yes
February 15th, 2009 at 8:55 pm
sometimes those prepaid debt cards cost
you anywhere from 5 to 20.00 and thats just to get
the card, then there might be charges for non-use or even if you
use a monthly charge.. and do you want to use a ATM more fees
.
read the fine print
I would sugggest you can open a checking account usually for
a low balance or even free of monthty charges and most
of those checking accounts include debit card which works
just like a credit card..