Types of Prepaid Credit Cards and Credit Cards
There are several types of Prepaid Credit Cards as well as regular credit cards. Both of them are offered by different banks of financial companies and come under a variety of names. The most common brand names are Visa, MasterCard, American Express, and Discover. While most of them require you to fill in credit card applications, for some of the prepaid cards available on the market you do not even need to have an account.
Some of the companies offering Prepaid Credit Cards allow buyers to be as young as 13 years old, but anyone 16 and older can get a prepaid card very easily. Some of the Prepaid Credit Cards like for example Eufora Preferred Credit Builder Prepaid MasterCard have an annual fee of $59.95 but offer a way to start building your credit immediately. Other prepaid cards like Wired Plastic Prepaid Visa Card, Account Now Vantage Debit MasterCard, All-Access MasterCard Prepaid Card, Western Union Prepaid MasterCard, and BuyRIGHT Pre-Paid MasterCard do not have an annual fee. While each of them offers different advantages like being excellent cards for online shopping or not needing a credit history or a credit score, they all have zero APR.
No matter of the name of the prepaid card they all function in the same way. The ones that require you to have an account will charge you a setup fee and then you will have to pay fees every time you want to recharge the card. The ones that say you do not need account for having a prepaid card will still have you recharge your card by sending the money and having them recharge the card. The advantages of this type of cards are that they do not require a lot of paperwork and they work almost like a credit card but instead of using the bank’s money you use your money. This means that while you can enjoy going around without cash you can still have your money with you for shopping and you can only shop for a certain amount of money thus never getting in debt. A lot of people prefer this type of prepaid card or a secure credit card which is very similar with the prepaid one.
In the actually credit card category, the types of cards offered is so big that it actually gets to be divided into smaller categories and in different ways. There are credit cards available from people with no credit score to people wit outstanding credit score. Of course the terms and the amount of money that can be credited vary significantly from person to person depending on the credit score and credit history. There are special credit cards available for college and university students. These cards usually have a lower interest rate as well as a wide variety of rewards. There is a rewards credit cards category where you can choose form airline, hotel, gas or cash back rewards depending on your personal needs. There are also low interest credit cards and business credit cards. Thus before actually starting filling credit card applications it is important to know which credit cards suits your needs best.
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Help answer the question about prepaid credit card
Does a prepaid credit card help improove your credit?i have bad credit so i bought a prepaid card does it help at all or waist or time and money?
August 11th, 2009 at 11:31 am
Yes, any card that has a Visa or Mastercard logo is allowed to make any kind of transaction that is traditionally associated with a credit card.
August 11th, 2009 at 12:43 pm
I don't know honestly. But I know here in the US, (don't know where you live) Western Union has a prepiad mastercard here in the US and they require very little information to get one.
August 11th, 2009 at 5:05 pm
I have a rushcard that I put money into all the time. You can buy stuff online. You use moneygram to put money in your card. You go through no bank no one takes money out without permission. It's great I love it and it comes in babyphat. There is a one time fee. of $20 I think but the website is http://www.rushcard.com…I recommend it.
August 11th, 2009 at 7:12 pm
Yes, a got a Wal-mart prepaid debit/credit card and I've used it to purchase a ppv on the WWE website.
August 11th, 2009 at 12:52 pm
where do you get a pre paid card?
August 11th, 2009 at 10:44 pm
they are great of online purchases. if anyone gets the number, so what. you only put 20 bucks on it to make a purchase then its worthless.
ready to buy again, slap on 60 bucks for those 49 dollar games and done.
great security feature
August 12th, 2009 at 5:08 am
You should be able to use a "credit card" any place that takes them, prepaid or not. Just be VERY careful where you purchase it. And beware of people posting websites for you to "check" your credit. (like the one above). If you are wanting a credit card, check interest rates before signing anything. If you just want a prepaid debit card that is re-loadable, visa/mastercard are the most widely accepted.
August 13th, 2009 at 8:47 pm
they work fine online ( but when you buy a prepaid card'
before you use online you have to go the card website and register
the card in your name and your address
that way when you are placing the order the credit verification system
will approve the transaction
and hte prepaid card look just like a credit card
also be advise that some merchants may not honor
some prepaid card (like if you got an all access master card)
they will NOT work at the copy machines at Kinko's)
August 14th, 2009 at 12:46 pm
why do that when you can go to CVS or any store that sells prepaid visas. What that are is a pre paid amount and a code number that you use until the card is done. They charge a $1.00 or more transaction fee each time you use it. Then you can just add more money everytime you want to use it.
August 14th, 2009 at 6:23 pm
MasterCard Gift and General Purpose Prepaid cards are quick and easy to use, safer than cash and more flexible than gift certificates and single merchant gift cards. These cards are accepted at any of the millions of merchant locations that accept debit MasterCard cards around the world—both on—and offline!
* Prepaid Gift Cards can be a perfect idea for friends and family—you can even customize the design of many Gift cards to make them more personal.
* Prepaid General Purpose Cards can be used just like debit cards on- and offline, and as well for activities such as Payroll and paying your bills.
Many Prepaid cards are reloadable, so you can keep using your card when you want, where you want.