Of course. A prepaid card and a credit card may look the same, but they are very different. A prepaid card is closer to a debit card, because you are spending money you have already loaded onto the card. With a prepaid card, you will never go into debt the way you can with a credit card. You don’t have to make a minimum payment every month, or pay off a balance, because you’ve already put the money on the card initially. You are simply spending your own money until it is gone. With a credit card, you’re accruing debt and will need to pay it off. Each type of card has its own benefits and drawbacks. A prepaid card can be used in place of a bank checking account, and you can get cash from an ATM. A credit card is a good tool for when you need to borrow against a line of credit.