Credit Cards - Why Prepay?

With prepaid credit cards, you get the practicality of plastic while choosing exactly how much debt to charge. By taking charge of your personal financing, you determine your own limits, to the penny, and change them any time you need to.

There are many prepaid credit cards on the market these days, sometimes also labeled pre-funded. They're all reloadable, functioning like a prepaid card for the telephone, and they offer the gigantic benefits of no credit check and no annual interest fees.

Easy to get online or in a store near you, these prepaid credit cards are the wave of the future cashless society. You simply use your own money to buy stuff. That way you're not borrowing from anyone; you're just using plastic instead of cash. And there's no way to get into debt with them...when you run the limit you set, they run out, so you can't overspend even if you want to.

Use your prepaid credit cards almost any place where MasterCard or Visa cards are accepted, without racking up any interest charges whatsoever.

Got kids? A prepaid credit card makes a great instructional tool and present. Buy them one for an initial setup fee (usually from $5-50), and let them pay the smaller fee to renew it when it runs out. Explain that if they let it lapse they have to start all over again with a much larger fee than if they simply renewed in a timely manner. Suddenly, your kids become financially responsible!

Pre-funded cards are not a bad way to keep your own finances in line either. Just come up with the initial scratch and you're on your way to enjoying the ease and flexibility of plastic again!

© Gunnar Berglund
Gunnar Berglund has been working on the Internet for about five years and runs http://www.global-prepaid-cards.com since September 2003

Saving Money with Credit Cards

Having a credit card is a wonderful convenience for those... Read More

Credit Repair Scam - How To Avoid Being A Statistic?

A good credit history is critically important for the consumer.... Read More

Choosing A New Credit Card

1. Choosing A new credit cardThere are many reasons for... Read More

How to Save Money on Your Credit Cards

Credit card companies make their money on the 85% of... Read More

How to Dispute Credit Report Errors

Your credit report--a type of consumer report--contains information about where... Read More

Save Money and Lower your Payments by Improving or Repairing Your Credit

Having a better credit score not only represents easier access... Read More

Free Credit Reports - How to Maintain Your Credit Profile

Maintaining your Credit ProfileEvery consumer should be maintaining their credit... Read More

Building Business Credit

Most businesses want to be able to borrow money when... Read More

10 Ways of Reducing the Risk of Identity Theft

1- Check your credit report regularly2- Secure personal information in... Read More

Credit and Loan Help for Mortgage Loans

Mortgage loans are some of the most difficult loans to... Read More

Types of Credit Cards

There are a whole variety of different types of credit... Read More

Is Plastic Making You Happier?

If you're like most people, you probably own at least... Read More

A No-Brainer Way Of Getting Credit And Credit Cards

What Is Your Credit Rating Now?If you have any charge... Read More

Will Inquiries Lower Your Credit Score?

What are inquiries?When you apply for credit the creditor or... Read More

Repairing Your Credit Score and Clearing Derogatory Marks on Your Credit Report

Raising your credit score can be a fairly simple and... Read More

Cash Advance ? How Does It Work?

If you want a cash advance or a payday/paycheck loan,... Read More

Credit Card Dirty Tricks

There are many of us that have been badly stung... Read More

Cash Back vs. Rewards Credit Cards

Ah, the sweet rewards of using credit!Not only do you... Read More

Pitfalls of the Credit Industry

The credit industry if rife with pitfalls. If you have... Read More

New Credit Advice: Dont Pay off Those Credit Cards!

Credit needed for real estate mortgage financing differs from credit... Read More

Your Guide On Choosing a Credit Card To Suit You

Reach into your wallet or purse, pull out a card,... Read More

Beware the Shopping Mall Monster

Like me, you've probably been offered a fair old number... Read More

Credit Repair Scams

"Erase Bad Debt !""Remove Negative Items From Your Credit Report"You've... Read More

What Is the Fair Credit Reporting Act and What You Should Know About It

The Fair Credit Reporting Act (FCRA) and the recent update... Read More

Credit Reports: Find out why you have been refused Credit.

You may already have 2 or more credit cards in... Read More