Pre paid credit cards are growing in popularity today since they are technically much easier to avail than regular credit cards. However, unlike a regular credit card, a prepaid card does not give its holder the privilege to make advanced purchases that are payable at a later time. And since the cardholder is not provided with a credit line, issuers of prepaid credit cards are more lenient in approving applicants. In fact, anyone can easily get a pre paid credit card without worrying about the status of his/her credit history.
Who Should Get A Prepaid Credit Card?
Who are the best candidates for owning a prepaid credit card? Today, there are prepaid credit card issuers that provide credit reporting service t the major credit bureaus. Hence, prepaid cards can now be used as tools for establishing credit history or for repairing bad credit history. Despite the limitations, not having a credit limit can actually help the cardholder exercise control over his/her spending and avoid debt accumulation.
Read more Should I Get A Prepaid Credit Card?
Resources:
prepaid debit cards
pre paid credit cards
prepaid cell phone service
secured credit cards
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