New Investment Info For You
Home  |  About  |  Articles  |  Reports  |  Links  |  Site Map    
Welcome to New Investment Info For You!
Finance Articles
•
•
•
•

Home
:: About Us
:: Contact Us
:: Article
:: Reports
:: Links
:: Site Map

Related Links

Structured Investments

Consumer Debt Management

Investec

Structured Deposits

Debt Solutions
Learn About Prepaid Credit Card
By David Hall


Prepaid credit cards also called stored value card can be ideal for individuals who are unemployed, have bad credit or difficulty obtaining an unsecured credit card. Prepaid credit cards are also excellent for individuals who have a hard time controlling their spending and prevent the individual from overspending and getting into credit card debt. If your objective is to establish or rebuild you credit over a period of time, make sure the prepaid card issuer reports cardholder transactions to the credit bureaus namely Experian, Equifax, and Trans Union.

It is very easy to obtain a prepaid credit card because there is no credit check or employment verification since the funds you will be using are yours and not that of the prepaid credit card issuer. Prepaid credit card spending limit or credit line is the amount of money you loaded to your prepaid credit card account. Prepaid credit card carries the Visa or MasterCard logo. It can be used anywhere MasterCard and visa is accepted except renting a car at certain car rental companies and setting up automatic recurring payments.

The difference between a prepaid credit card and a debit card is that the spending transactions are deducted from the amount of money you loaded to your account unlike a debit card where the money spent is subtracted from your checking account and could cause Non-Sufficient Funds (NSF) charges. The NSF charges are due to a customer drawing funds from an ATM or making purchases that exceeds the balance in their checking account. With a prepaid card this will never happen since the prepaid card holder is not borrowing any money and can only spend the amount of money loaded to their prepaid account.

With prepaid credit card there are no interest charges because you are using your own money. To obtain a prepaid credit card requires paying a setup or application fee and may charge a fee each time you load more money to your account. Some of the ways prepaid credit card can be funded is with a wire transfer and a cash deposit at certain locations approved by the issuer.

For more information about this article and/or the author visit http://www.iCreditOnline.com

For more information, news and articles see:

The Taxation People - Article03.html
...ct as many as one in three UK taxpayers have paid too much tax! A new `No Win No Fee` tax refund service has just been launched by Greer & Taylor LLP on a dedicated new website The Taxation People w...
Visit The Taxation People...

Bad Credit Loans - Bad Credit Loans
...nd missed payments weighing heavily on your credit score? Looking for a loan is pointless isn`t it, or that`s how you see it anyway. Just because your finances haven`t been squeaky clean in the past ...
Visit Bad Credit Loans...

Structured Deposits - Structured Deposits
...s would take their time to research the latest structured deposits for their clients. What would be the point in consulting an advisor if they failed to compare and contrast the deposits that should ...
Visit Structured Deposits...

Homeowner Loans - Homeowner Loans
...t paid the monthly direct debt to the utility firm. You`ll have to sort out funds for your credit cards next week and then there are the catalogue payments to make. It`s the same story each and ever...
Visit Homeowner Loans...

The Taxation People - Article01.html
...ve paid too much tax! The Taxation People, are a forward thinking online accountancy service that specialise in helping people who might be eligible for a tax refund. They offer a online service, wit...
Visit The Taxation People...

Debt Management Help - Debt Management Help
...gle your finances there just doesn`t seem to be enough coppers in the bank to pay your creditors. You are not on your own. The UK has been spiraling further into debt for a decade and a large number...
Visit Debt Management Help...

Debt Solutions - Debt Solutions
...rol. With each passing month you are robbing Peter to pay Paul and the heavy cloud of debt is always hovering above your head. When you sit down to work out your money the simple truth is you have m...
Visit Debt Solutions...

Structured Products - Structured Products
...me to research the latest structured productsthat are on the market? Do they compare and contrast, analyse and evaluate the products that will be suitable for their clients? If they take their role ...
Visit Structured Products...
Click For More Detailed Information on:
new manufactured for you ::my young trade ::my manufactured for you ::lower trade pro ::your young trade pro
Home  |  About Us  |  Contact Us  |  Articles  |  Special Reports  |  Links  |  Site Map
Copyright © 2003-2010. All Rights Reserved.


Valid CSS!