Credit Card Question & Answer

Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Questions » User Questions » Prepaid Cards » I’ve never actually had a prepaid or debit card and I was wondering how to use it wisely ...

I’ve never actually had a prepaid or debit card and I was wondering how to use it wisely without making any mistakes?

Answered by , at
Add to Favorites:

Tags: ,

Leo Zhu

In general, prepaid cards are an alternative to carrying cash and they are convenient to use. Prepaid cards help you develop good payment habits. You will learn to stay within spending limits. And when you decide to apply for a credit card this will pay off. Some prepaid products allow you to spend more than you have on your prepaid account so be careful. For instance, can be linked with your bank account, which gives you opportunity to spend more than you have loaded on the prepaid card. Also, if you are interested in building a good credit history, prepaid cards won’t help with that. The issuers do not report to the major credit bureaus.

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Get Paid up to 2 days Faster with Free Direct Deposit * - Get Your Paycheck or Benefits Checks in Your Card Account and Access Your Funds up to 2 days Earlier Than Payday
See website for Details*
$0 Monthly Fee*
See website for Details*
Free Direct Deposit
See website for Details*

Other Questions in
Prepaid Cards