Prepaid Visa Credit Cards – A Closer Look

For years, credit cards have been very useful for almost everyone- from business owners to students and even ordinary employees and retirees. It is used to purchase items or groceries, pay bills, etc. However, some credit cardholders consider credit cards as a source of their headaches.

Do you consider yourself as an over-spender or someone who can’t control spending as far as shopping is concerned? If yes, a credit card may not be the best choice because of the high interest rates and late penalty fees. You can opt to get a prepaid visa credit card instead.

What is a Prepaid Visa Credit Card and Its Advantages?

Prepaid visa credit card is a Visa card you can use to make purchases everywhere Visa debit cards are accepted just like a traditional Visa card. People can get a safer feeling when going out or even traveling to other countries because they don’t need to bring cash with them.

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Rent a Car with Your Prepaid Debit Card

When taking a vacation or traveling to a new place, many people rent a car for convenience. Major companies that provide rent-a-car services usually require credit card payment. But what if you do not have a credit card? Or if you do have a credit card, what if you do not want to use to rent a car? Do you have other options?
The truth is, prepaid debit cards can be used for car rentals. Below are practical tips on how you can use a prepaid debit card for renting:

Explore your options. Some auto rental companies impose more restrictions than others. By doing your own research, you can find a company that has more lenient policies to non-credit-cardholders. Different branches of the same company may also have varying rules. The best way to know your options is to call up the company and make inquiries.

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In Search for the Best Prepaid Credit Card

Trying to find the best prepaid credit card in the market can be a big challenge. If you do not know exactly what you’re looking for, you may find it difficult to do comparison. If you’re not familiar with prepaid credit cards, read on to find out how you can make the right choice.
Important Factors that Must Influence Your Decision

What factors must influence your decision in getting a prepaid debit card? First, you want to go with a prepaid card that is supported by a major processing company like Visa and MasterCard. These two credit card processing companies are the two leading names in the market.

Prepaid cards with Visa or MasterCard logos are widely accepted anywhere in the world. Cards that bear the Visa or MasterCard logo can be used wherever credit cards are accepted. It can also be used for buying products and making reservations online.

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Facts about Secured Credit Cards

Even if you don’t have any plans of applying for a credit card now, you may soon find that it is necessary for you to get one. For instance, if you don’t have time to go to malls, you can simply place your order online and wait for the item to be shipped to your doorstep. Furthermore, purchasing products online is often cheaper than buying them from a regular store. Many airlines and hotels offer reservations on from the internet. If you often take out-of-town trips, having a credit card to make online bookings provides great convenience.

However, if you don’t have a credit history or if you have a bad rating, you may not be able to qualify for a regular credit card. Fortunately, you still have a chance to build or rebuild your credit history by getting a secured credit card.

Below are important information that should be considered before applying:

Qualifications:
The good news is that secured credit cards give everyone the chance to get approved – even those with no credit or poor credit history. As long as you can submit the required deposit, you can open an account right away.

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Tips Before Signing Up for a Secured Credit Card

Secured credit cards can be ideal for those with bad credit and who never had credit before. Before signing up for your own secured card, consider the following pointers:

• Check your lifestyle and your need for credit. First of all, you have to know your spending style and how you will be handling your monthly payments. A secured credit card can be used for rebuilding bad credit but only if you can keep up with your payments.

To make sure that you can pay off your debts before the due date, do not spend more than what your budget permits.

• Understand the terms and conditions of the card company. You need to read and understand the fine print in order to avoid unpleasant surprises later on. Check the credit limit, possible charges, grace period, interest rate, and other details of the offer.


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Advantages of Prepaid Credit Cards

Debit cards are the perfect solution for people who been denied credit card. The list below are the benefits can get from a prepaid credit card.

Simplified Application Process
Anybody, even those who have a poor credit score, can apply for a prepaid card. There are no employment verifications, no checking of your credit history, nor background check done. The process is much easier than applying for a credit card since approval is not based upon your credit score. The debit card company will immediately grant approval as long as you can submit the required deposit in your account.

Bonus
There are some prepaid card companies that offer incentives or perks for those who can successfully refer a friend to apply from the same prepaid card company.


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How a Prepaid Credit Card Can Be Used to Rebuild Bad Credit

It would be hard for those who have poor credit score to apply for a credit card. Credit card issuers may have doubts about your capability to keep up with your payments if you have a history of bad credit. But, it’s not the end of the world for those who have poor credit history. They still have chance to improve their credit rating. How?

One way is by applying for a prepaid credit card. Prepaid card issuers do not conduct credit check so anyone can get approved easily. Since prepaid debit cardholders are not given a credit line, issuers do not have to worry about the risk of defaults.

In fact, even those who are unemployed or are still looking for a job can get approved for a debit card. Students who want to build an early credit history can also get a prepaid card without questions. If you are a parent with kids in college, you can use a prepaid debit card to conveniently send money at anytime.

Prepaid Debit Cards and Bad Credit

Prepaid credit cards can be used for both establishing credit history and rebuilding bad credit.
There are many prepaid cards choose from, so take time in doing research and comparison. Choose a prepaid debit card that will report your payments to the major credit bureaus.

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Tips On Applying For A Guaranteed Approval Credit Card

Application for a guaranteed approval credit card for bad credit is usually done online. As the name suggests, this type of credit card gives instant approval and are especially designed for people who are suffering from bad credit history.

Perhaps you have received offers for instant approval bad credit credit cards in your inbox. If you have bad credit, you may easily to get enticed by these offers. But before you go and sign up that online application, check out these tips:

1. Don’t make decisions hastily.
Don’t be tempted with the first guaranteed approval offer that comes your way. Before you make any decisions to apply, be sure that you’ve checked all your options first and that you’ve chosen the one that best matches your needs. Take the time to compare between different guaranteed approval credit cards in the market. Check out their application procedures.

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Prepaid Debit Cards – The Perfect Credit Card for Teens

Parents are often uncomfortable with the idea of their kids having their own credit cards. But if you have a child who’s about to enter college, this is the perfect time for them to learn about how to handle credit and debt repayment responsibly. More importantly, this is their chance to build their personal credit history so they can be prepared for the financial challenges they will face in the coming years.

In this article, let’s talk about prepaid debit cards and how these cards can be the perfect tools for building early credit history and for teaching kids about proper credit management.

Prepaid Cards – How They Work

Prepaid debit cards are another form of cashless payment. These cards can be used for buying items in stores, supermarket, diners, and other establishments. Prepaid cards can be used to shop online as well. What makes it different from a traditional credit card?

As a prepaid cardholder, you will not be given a credit line. This means, you need to deposit cash into your account before you can start paying with your debit card. When you run out of funds, you will not be able to charge expenses to your card. You must submit a new deposit before you can shop with your debit card.

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Can You Really Stay Away from Bad Credit with Prepaid Credit Cards?

As the name suggests, prepaid credit cards are paid in advance. Instead of purchasing in advance and paying at a later time, a prepaid cardholder is expected to pay first before charging purchases to his/her card.

Today, prepaid credit or debit cards are increasing in popularity. More and more people prefer to get a debit card than a regular credit card to keep away from bad debt. But can you really stay away from bad credit with prepaid debit cards?

Who Needs A Prepaid Card?

Prepaid cards are wonderful tools for teenagers or students who need a cashless mode of payment. Parents can also send monthly allowances for their teens using a prepaid account. These special cards are great for people who cannot qualify for standard credit cards because of a bad credit history. More importantly, prepaid cards can be used to rebuild damaged credit.


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Tips on Buying Prepaid Calling Cards Online

Prepaid call cards are used to make calls from wireless cellular phones. These cards have a lengthy expiration period so they can be purchased in advance and used at a later time. Prepaid cards can be bought over-the-counter and also online. Today, let’s discuss the advantages of buying prepaid call cards from the internet along with practical tips on how to buy.

Why Purchase Online

It’s quick and convenient. Obviously, buying over the internet is easier than having to go to the store to purchase over-the-counter. As long as you’re connected online, you can simply visit a retailer’s website and click on the card you want to buy.

Get the best rates. You are guaranteed to get the best rates from online retailers. Online merchants can afford to sell products at much cheaper prices because they have lower overhead costs.


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Prepaid Phone Cards – A Partner In Tough Times

Do you have friends and family who live in another State or country? If yes, there is no doubt that you want to keep the communication lines open despite the length of distance. Thanks to telecommunications technology, communicating with our friends and loved ones is possible using a landline phone.

However, if your phone bills are starting to get in the way of your budget, it’s about time to find better ways to keep in touch. The good news is that today, consumers can make calls using prepaid wireless cellular phones. Unlike a landline or a planned cell phone package, prepaid wireless phones do not charge monthly flat rate costs. Instead, you only need to pay for the minutes you used with no additional fees or charges. What other advantages can you enjoy from using a prepaid phone? Consider the following points:

Enjoy lower call rates with prepaid phone cards.

Most wireless Carrier services charge calls per second, not per minute. Thus, calling long distance from a prepaid phone is generally cheaper than calling from landline. Prepaid call cards are also available in various denominations so you can purchase one that fits your budget.

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8 Benefits of Using A Prepaid Debit Card

Prepaid debit cards may not be as popular credit cards in the past years but that sure is changing. A lot of people are getting debit cards even if they already have regular credit cards. What are the benefits? Consider the following:

1. Set your own spending limit. Because prepaid cardholders are not given credit lines, they cannot be used for advanced purchases. That limitation can actually be an advantage. Decide how much you plan to spend with your debit card each month. Once you made the deposit, do your best to follow the plan. Don’t be tempted to make a new deposit when the cash in your debit account has been used up. Stick to your budget.

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How to Find The Best Prepaid Card

The best thing about prepaid cards or debit cards is that can be easily obtained even by people with bad credit. However, despite the easy application process, those who want to get a prepaid credit or debit card must make their choice very carefully. In this article, let us discuss the key factors that you should look for when finding the best prepaid card for you.

Protection Against Unauthorized Use. Make sure that your prepaid card issuer provides this very important feature. When using your prepaid card for online payment, you will be required to enter a PIN code. Never give out your PIN code to anyone else. As a precaution, see to it that the online merchant you are purchasing from uses a secured website.

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Prepaid Debit Cards- Great Credit Tools for Young People

Some adults feel skeptical about providing teenagers with a credit card. True, many youngsters have had to deal with bad credit problems as a result of poor credit card use. Nevertheless, you cannot deny the fact that credit cards are necessary for building credit history. If you are worried that your teenager may fall in the trap of bad credit due to uncontrolled spending, you may consider getting a prepaid debit card instead.

Yes, a prepaid debit card gives young people the chance to establish an early credit history while minimizing the risk of bad debt. Debit cards are perfect tools to teach teenagers about responsible financial management. How can prepaid debit cards minimize the risk of bad debt? What is the difference between a regular credit card and a prepaid card? What are the advantages you can enjoy from a prepaid debit card?

The Difference of Credit Cards and Prepaid Cards

Credit cards differ from prepaid debit cards in the sense that the cardholder is not extended a credit line. A prepaid card holder cannot use the card for payment unless there is an available balance deposit in the account. Therefore, bills charged to a prepaid card are not considered debt at all. There is no need for repayment because all prepaid card charges are automatically paid off using the cardholder’s existing funds.

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Prepaid Debit Cards - A Poor Man's Bank?

Prepaid debit cards are making a dent in the check cashing business. For years check cashing shops have served that part of the financial market that did not have conventional bank accounts. Pay checks, government checks and personal checks are all cashed for a fee that can range from 1.5% to 10% of the face value of the check. Typically people paid these rates simply because there are no conventional banks located in their community.

Enter the prepaid debit card. Both Mastercard and Visa have prepaid debit programs that have significant advantages over the traditional check cashing shop. Probably the biggest advantage is not having to carry around cash. If you have just cashed your weekly or bi-weekly paycheck, what do you do with the cash? Carry it on you? Hide it someplace at home?

With the prepaid debit card, your deposit is recorded and the card is the only thing you need to make purchases at a store, online, or get cash out of an ATM. Funding your card can be done by direct deposit or by reloading the card at one of thousands of stores that provide the service. There is no need to carry around more cash than you need. Because the debit card is using your own money and is not a credit card, there typically is no credit check and most persons are approved online immediately. Because there is no credit check there is no inquiry recorded on your credit report.

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Save Your Money Transfer Costs with Prepaid Debit Cards

There was a time when sending money to a loved one who lives at a distant was a complicated process. First, the sender must visit a Money Transfer Service Agent, fill out a form, hand over the money to be sent, pay the service charge, and notify the recipient to give the tracking number. From the recipient’s side, he/she must also visit the Money Transfer Service Branch from his/her location, fill out a form and provide the tracking number to receive the money.

Not only are money transfer costs expensive, the transaction can take time to complete as well. Add to this, there is a serious concern about safety particularly when sending a large amount of cash to long distances. Today however, consumers have a far better option in making money transfers. Did you know that you can save significant costs by using prepaid debit card?

Money Transfers and Prepaid Debit Cards – Perfect Partners

Prepaid debit cards are available for anyone, regardless of his/her credit rating. Even people with bad credit history can get a prepaid card without any hassle. Once the card has been issued, the cardholder can start using it for making payments or sending money anywhere in the world.

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The Benefits of Using a Prepaid Debit Card

Many people do not recognize the benefits of using a prepaid debit card until they need to get one. When suffering from bad credit history, it may be very difficult to get approved for a standard credit card. In this case, applying for a prepaid card can be an option. Can a prepaid debit really be helpful? If yes, how?

Prepaid Debit Cards for Rebuilding Bad Credit

Today, issuers of debit cards provide credit reporting to the major bureaus, making it possible for a person with a poor credit score to repair his/her credit history. Although not all issuers have this provision, you can search the market and find debit cards that can be tools in improving your credit. The good thing is, anyone who can get a prepaid debit card without any complications. Aside from helping your rebuild credit, what other benefits can you expect from a debit card?

Avoid interest rate charges. Everything you charge to your debit card is instantly paid off with your available funds. This means, you will not be charged with any interest rate so you can save your money for more important things.

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The Pros and Cons of Using A Prepaid Debit Card

In response to the increasing number of cardholders who default on their payments, credit card companies have introduced secured credit cards and prepaid debit cards in the market. These cards are alternatives for people with bad credit history and who cannot qualify for regular credit cards.

What Are Prepaid Debit Cards?

Anything you charge to your prepaid debit card will be deducted automatically from the cardholder’s funds. To be able to use a prepaid debit card for payments, the cardholder must have existing balance or credit in his/her account. Once the amount of zero is reached, the cardholder will need to submit a new cash deposit to continue using the debit card. In this article, let us focus on the pros and cons of using a prepaid debit card compared to a traditional credit card.

The Pros of Using A Prepaid Debit Card

Cashless shopping. There is no need to bring along cash when doing your shopping at groceries or malls. Carrying a prepaid debit card is a lot safer than carrying cash since you can simply freeze your account in case the card gets misplaced or stolen.

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Benefits of Prepaid Debit Cards

Great advances have been made over the past several years in the availability of options for people wishing to send money around the world. Whether it's a family member traveling abroad or a migrant worker sending money to family and friends at home, many of us have the need to send money to faraway places at some point in our lives. For years, there were rather limited options for sending money. Individuals could send money the old fashioned way-sending cash or a personal check by mail. Individuals could also use local banks in attempts to wire funds directly. Finally, independent money transfer services could be used.

Each of the above methods worked for transferring funds, but each had a downside as well. Either the money took too long to reach the recipient, the fees associated with the transfer were excessive, or there were security issues that could cause the money to be lost. One of the benefits of technology has been the advances made in making transfers faster, safer, and more affordable. One method of sending money that encompasses all three of these important characteristics is transferring money through a prepaid debit card.

Faster Money Transfers

A prepaid debit card enables money to be transferred almost immediately, taking the funds directly from a credit or debit card. An individual seeking to send money simply needs to establish a relationship with a site offering this service. Currently, a US resident needs to have a valid Social Security number and a Visa, Mastercard, or valid checking account in the United States. A debit card is sent via Fed Ex to the recipient of the funds, who will then receive the PIN number from the person sending the money. This card can be used again and again for money transfers over a long period of time. This will make money available for the recipient much faster than some of the more traditional methods.

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Why Transfer To A Prepaid Debit Card

IF you already have a credit card, why would you consider applying for a prepaid debit card account? First, let’s discuss how prepaid debit cards differ from regular credit cards and the benefits that a debit card provides.

What are Prepaid Debit Cards?

As the name implies, debit cards are prepaid or paid in advance. Unlike a credit card- which gives you the option to charge purchases in your account and pay for them at a later time, a prepaid debit card doesn’t provide a credit line. Instead, it requires its holder to submit cash in his/her account. This fund will then be used to pay for the debit cardholder’s incoming charges.

Like regular credit cards, debit cards can be used as a method of payment in shops, supermarkets, gasoline stations, diners, boutiques, online stores, and anywhere else credit card payment is accepted. If your debit card carries a VISA or MasterCard logo, you can be sure that it will be accepted by almost all types of merchants and establishments.

PrePaid Debit Cards vs Checking Accounts

In the past, people who do not want to carry around cash issue checks as payment. Today, prepaid debit cards are undoubtedly taking the place of cash advance checks. Why? Well first, it’s easier to pay with a debit card than to issue a check. Second, you won’t have to open a checking account and go through with a complicated application process.

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Which Is Best - Student Credit Card Or Debit Card?

There are two types of cards that students can choose to help them with their schooling- prepaid debit cards and student credit cards. Which of these two cards should you choose? What are their differences and how should they affect your choice? Understanding the basic points about these two credit card options can help you come up with an informed decision. Here’s what you should know.

The Unsecured Student Credit Card

An unsecured student credit card works like any regular credit card. The student is given a credit line which means he can charge expenses on his card as long as he doesn’t exceed this limit. Most student credit cards give a $500 credit limit while others give as much as $1,000 credit line. Since this their first time applying for a credit card, the credit limit given to students are often lower than those allotted to long time credit card holders.

Nevertheless, getting a student credit card is a good way to start building your own credit history while still in school. In fact, being in a college is the only time you can apply for an unsecured credit card without difficulty. Once you’ve graduate, lenders and credit card companies would often require a good credit history to approve your application.

Although not all student credit cards give a low credit limit, this restriction can work to your advantage. By sticking with a low credit line, you also avoid the risk of incurring very large debts on your account. Remember, as a credit card holder, you should do your best not to exceed beyond 50% of your allotted credit.

The Student Prepaid Debit Card

Now let’s talk about the student prepaid debit card. It may look like a credit card and it can actually be used to pay for your purchases just like a credit card but it is different in some ways. How? Instead of a line of credit, you’ll need to deposit money in your account first in order to use the card. If you don’t have existing funds in your debit account, you won’t be able to use the card for payments.

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