Prepaid Visa Cards
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.

Prepaid Visa Cards

Add to Favorites:
Prepaid Visa Cards

In spite of the recent economic credit crunch, consumers continue to call for credit. However, getting approved for a major credit card is not that easy today. This is because banks and card companies realize when people are losing their jobs, they are more likely to not pay their credit card bills. Fortunately, help for consumers may soon come from a new type of a prepaid card which combines the features and functions of credit and prepaid cards. Such "hybrid" prepaid Visa and MasterCard cards are considered a convenient and safe payment tool during the economic crisis for several reasons.

Prepaid cards are traditionally safer in terms of credit risk than credit cards because they are not used to borrow money. Before you start using your prepaid card account, you first need to load it with your own funds. In this sense, a prepaid card works much like a gift card, with the only difference being that it helps you build your credit history. Until very recently, prepaid cards were only popular among those who could not qualify for a regular unsecured bank card. However, with the appearance of "hybrid" offers, more and more people are turning to "prepaid" cards as a payment tool. So, what is so special about the "hybrids"?

Consumers can still deposit money onto such prepaid Visa and MasterCards and can make purchases anywhere that they are accepted. In addition to this convenience, consumers can also receive credit lines of up to $1,000 to help them cover short-term financial needs. However, in order to receive that $1,000 credit line, consumers are first required to establish a direct deposit account with the issuing bank. While it may seem that we are describing a secured card rather than a prepaid card, a secured card is not as flexible because it does not offer you the convenience of depositing your own money into its account.

The credit line feature on a prepaid card also helps financially-challenged consumers survive in a tight financial situation without paying excessively high interest rates, such those charged on payday loans. It is also relatively easy to be approved for a "hybrid" prepaid card because you do not need to provide your credit history references and you probably won’t even be required to provide job income information.

It’s not yet known when such "hybrids" will enter the card market on a large scale. However, if you are interested in prepaid cards, perhaps as a tool to boost your credit score, then you can do a search on our website. A number of the prepaid Visa cards available online may serve your purposes well.

In conclusion, try to avoid taking on more credit while the economic crisis rages on. If you urgently need money, you’d probably be safer obtaining a small personal loan or a payday loan rather than applying for a revolving credit line.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

5 Reasons to Get the Capital One Venture Miles Rewards Card

By Herbert Moore, Posted: January 18, 2017

If you’re looking for a great travel rewards credit card—one that offers unlimited earning opportunities, flexible redemption, and lots of perks—look no further. This card from Capital One has you covered. Continue reading

Credit Card Tips For Holiday Shopping 2016

By Herbert Moore, Posted: November 23, 2016

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household ... Continue reading

Credit Cards to Save More on Holiday Shopping

By Herbert Moore, Posted: November 22, 2016

Discounts and special offers are available all year round. Werther you are a bargain hunter or an impulse buyer, make sure you check online discounts and special offers. Also, if you are a cardholder, see if your credit card opens the door ... Continue reading