China Finance

Oct 12 2017

Prepaid Credit Card Guide – All About Pre-Paid Visa and Master Card Deals #prepaid #credit #card, #prepaid #visa, #prepaid #mastercard, #prepaid #master #card, #pre #paid #credit #card, #prepay #credit #card, #pre #paid #card, #prepaid #card


Prepaid Credit Card Guide
Reloadable Prepaid Credit Card Offers –
Visa or Mastercard Deals

You get the independence you deserve, with the built-in spending controls of a pre-paid card.

What is a prepaid credit card ?

A prepaid Visa or prepaid Master card can be used like any other credit card to make purchases. With a prepaid card, however, you load funds onto your card and use that money to make purchases and get cash — you are not borrowing money from a bank or other financial institution. The prepaid credit cards look, feel and work like a credit card but are pre-funded stored-value cards. This allows you to set spending limits for you or your kids.

  • Safe. safer than carrying cash
  • Efficient. no interest charge
  • Convenient. pay everywhere Visa or MasterCard is accepted

Who needs a prepaid credit card?

Credit challenged people

The prepaid credit cards can be used for:

  • Purchases
  • Money management for young adults
  • Travel including reserving a hotel and rental car
  • Emergency needs
  • Cash access at ATMs
  • Employee wages expenses
  • Electronic payments
  • Gift-giving

How does a prepaid credit card work?

It is a pre-paid, reloadable card can be used anywhere Visa or MasterCard is accepted — at stores, gas stations, restaurants, theaters, in the mall and online. Making a hotel and rental car reservation is a snap. You can also access cash at ATM’s. The card is great for everyday purchases, special occasions, and emergency back up.

Unlike a credit card, though, each purchase is deducted from the pre-paid balance on the card. Best of all, because it’s not a credit card, there are no finance charges, no late fees, and no accumulation of debt.

  • accepted anywhere a Visa or MasterCard is accepted
  • can be used to withdraw cash from an ATM.
  • relodable

Why do you want to use a prepaid credit card?

  • Safer than cash
    When cash is lost, it is gone forever. However, if your prepaid credit card is ever lost or stolen, you’re protected by Visa or MasterCard’s no liability policy.

  • Budgeting
    You set the spending limits by the prepaid amount loaded on the card. Prepaid credit cards make it easy to get your spending under control and shop wisely.
  • Teaching tool
    Parents can sign up for their teens: they set spending limits by loading the card with a certain amount of money and monitor where their children are spending it. Prepaid card meets the spending needs of teens and helps develop responsible financial behavior. With online tracking of purchases, parents and teens can discuss spending and budgeting
  • A range of budgeting and payment options are available for young adults, and families can choose based on convenience and flexibility.

    Who needs a prepaid credit card?

    Prepaid credit cards are ideal for:

    • Budget-conscious people
      People who want to limit their spending limit.
    • Parents
      Parents who want to teach teens how to create a budget, manage money, and shop wisely.
    • Students
      Teenagers who don’t have budgeting skills yet.
    • People with bad or no credit history
      People with damaged or no credit history
    • People looking for an excellent gift idea
      Gift receipients enjoy freedom of their choice.

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