Prepaid Credit Cards

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most 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. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Prepaid Credit Cards


Updated: April 26, 2017

The content is accurate at the time of publication and is subject to change.
Prepaid Credit Cards
February
13

In the recent past prepaid credit cards were the last resort for people looking for a regular bank card but being unable to get it due to low or no score. In the stressed economy, though, more consumers find it harder to qualify for a major credit card and prepaid plastic is becoming a more popular option. It does not only give you access to funds and convenience of payments but it also contributes to a better credit score in the long run.

Of course, there are some negatives to using prepaid credit but most of them boil down to fewer benefits and absence of rewards. Even so, you have all chances to find an exception to this rule if you shop around and compare all what's currently available.

Good news is because the consumer's interest in prepaid credit cards is rising, the number of offers is also increasing. Numerous websites have included prepaid plastics into their array of regular unsecured and secured offers and you can apply online for a most suitable deal.

The advantages of prepaid cards cannot be underestimated, especially in the present economical environment. Add to it the still persisting mentality of debt and you get a scenario in which a credit user digs a deep hole of unmanageable bills and delinquent accounts.

What most of us need now is a relatively low cost and protection against bad debt. A prepaid card does not issue you credit as such. It is more like a debit card requiring you to load money before you can use it. You do not accumulate any interest or pay monthly bills - the basic requirement is that you reload your account with funds when they run out. Each time you reload tit up to the required amount, it is reported to the credit bureaus, increasing your score. There's nothing simpler. This is a really safe way of making payments and building credit history.

Prepaid credit cards are typically not linked to a customer's bank account. It provides certain simplicity when you make online application because there's no need for paperwork. Besides if you apply for a prepaid card with the major logo - Visa, MasterCard and American Express - your plastic can be used anywhere around the world where these payment systems work.

There is no credit check or employment requirements as you apply for prepaid card. That automatically enables you to qualify and start using the account. A prepaid plastic may seem to be a perfect credit tool but for the fact that it does not provide you with revolving credit. In fact there is no credit at all and it makes one doubt about the reasonability of making the application. There is a reason in it - it protects you from making any debt which is a burning issue and evil of the modern society.

Some of the top prepaid credit cards online offer rewards for spending and making regular payments. Check all of the deals available and you're sure to find the most optimal variant for a payment tool and credit building.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!