Prepaid Credit Cards – Things To Know When Apply For One

Prepaid credit cards are among the most widely used cards around the world. But is there such a thing as a free prepaid credit card? Prepaid cards are never free in fact its name tell it all already – Prepaid, meaning if you have put $500 in your card then you are able to spend and use your card up to $500 only. Yes you might get a free plastic card but almost always there are additional costs you will be charged.

Not all prepaid cards have the same fees and charges. You might get it for free but be careful and check its charges and fees for every transaction that you make. As a sample, some cards provide a monthly or annual fee for using the card and other ones charge like transaction fees every time you use it to make a purchase or withdraw money from it.

Lots of other ones have hidden fees which you should check first before applying for it. If you apply for one try to find a card where all you have to pay is the amount that you are going to put into it and just make sure that there are no hidden fees that may take up some amount out from your deposited amount.

Having a prepaid plastic card is very important in many situations since you don’t have to carry any cash anymore but you can pay using your prepaid card. This is very useful when you shop online since you really need a card for you to be able to purchase something over the net. There are lots of these prepaid cards available on the net or you can go down to your local grocery stores like Wal-Mart and you will find it there.

If you don’t want to go out, it is possible to get one online but then again you will have to wait for your card to be mailed to you which can take sometimes over a week. If you are in a hurry to have a prepaid credit card then it is much better if you go down to your local store and get one there and you are able to use it immediately.

Also these cards are very handy to use when you are traveling, you can book your hotel using your card or any other things where cash is not accepted. You can also use it for cash purchases. It is very convenient for you since you only carry your card with you and you don’t even have to think of paying interest rates for you are just spending your own money.

So if you do not have a plastic card then a prepaid card is your best alternative. It functions like any credit card only you have to deposit money on it so you can use it. You may now purchase online and book your hotel without any problem. Booking a hotel needs a card because they don’t accept cash for a reservation. You will get a lots of benefits from a prepaid card if you don’t have the traditional credit card. So get started now to find the right prepaid credit card for you.

Source by Peter Lisdorf

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