Prepaid Cards Questions - Page 2


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User Questions & Answers about Prepaid Cards

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People often confuse prepaid cards with credit cards thinking the first will help them to build their credit. But they are wrong. Here you will find answers to questions about prepaid cards and will be able to ask your own to get a clear understanding about how prepaid cards work.

Recently Answered Questions:

I need a debit card. What can you advise?

Answered on

We have a good selection of debit cards to consider. There are Visa and Mastercard cards with or without activation fee. The cards may also charge a monthly fee. Most of them offer free direct deposit. Continue reading

Will I build credit with the American Express prepaid card?

Answered on

No. With a prepaid card your credit performance won’t be reported to major credit bureaus. If you want to establish your credit history, consider applying for a credit card. Credit card issuers offer some credit cards for people with no credit or a limited credit history. Continue reading

Does money come on the card, I need some credit?

Answered on

The Serve® from American Express is a prepaid card, not a credit card. You will be able to use money you load on the card. Continue reading

I have been given a Visa gift card, but I am having trouble activating it. What do I have to do to get this done?

Answered on

If your gift card wasn’t activated at the time of purchase, you can call the phone number to activate the card. You will find that number on the back of the card. During activation you will need to enter the gift card number, and additional information requested by the issuer. This information is… Continue reading

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

Answered on

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… Continue reading

Hello! I was looking to get the Prepaid Visa Rush Card, and I was wondering how it helps build your credit? Does the pay as you go monthly plan help build credit? Does it work with any of the card designs or do you have to get a specific one? Thanks

Answered on

Prepaid cards do not help build your credit history as the issuers do not report your activity to consumer reporting agencies. If you want to build credit, consider credit cards for limited/no credit history. Continue reading

To sign up for a prepaid card, does there need to be one name that the card is issued to? Or can I apply for a prepaid card that can be used by multiple individuals?

Answered on

Each card may have only one cardholder name on it. However, you can add an authorized user to a prepaid card. The authorized user can use your prepaid card or get a separate card linked to your prepaid account. When you authorize somebody to use your card though, you will be responsible for any unpaid… Continue reading

I’m a 23-year-old female from Melbourne, Australia and I just wanted to know what card I can apply for. I’m unemployed at the moment and will only use it for small purchases and stuff online – please tell me what I can do.

Answered on

That depends – are you a legal US resident? If so, you have more options, since at, we offer only credit cards for residents of the US, Canada, and the UK. If you’re not a resident of any of those countries, however, you can still get a prepaid card to use for small purchases […] Continue reading

I purchased a prepaid Visa to shop online and was not allowed. Why do I have to wait to get my money back? Does MasterCard also take your money and not allow you to spend it?

Answered on

Yikes – that is frustrating! But let’s slow down a minute and figure out who’s who. Visa and MasterCard are credit card networks that process payments; they don’t take your money or issue credit. The ones lending money are banks – though in the case of prepaid cards, they aren’t even lending money,… Continue reading

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Budget Your Purchases with Prepaid Cards

April 11, 2015

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