Prepaid Credit Cards

What you need to know - In todays society you can feel like an outcast without a credit card as they are required in so many daily situations, from making a hotel or restaurant reservation to buying online or using ebay.

Prepay Credit cards are perfect for people with a bad credit history who would otherwise by refused a credit card by a high street bank.

The key difference if that with a prepaid credit card you have no actually credit facility, you simply charge the card with funds prior to use.

Advantages of Prepaid Credit Cards

1) You are virtually guaranteed acceptence as there are no credit checks, you do not need a bank account. You will not have to prove you income or be effected if you have had credit problems in the past. As a result application process for prepaid credit cards is quick and easy via a simple online application process.

2) You control your spending amounts so there no risk of getting into debt and paying high annual fees, interest charges or late payment fees.

3) You gain all the advantages of a full Credit Card including worldwide acceptance and transaction fraud insurance*.

Disadavantages of Prepaid Credit Cards

1) Prepaid Credit Cards do not rebuild you credit history - try bad credit credit cards

2) Charges are made for the card and some services.

Using

Apply for a prepay credit card online is easy, once you have received the card you will need to charge with funds. These are the most popular ways to charge up your prepay card.High Street - Some companies use The Post Office or selected Paypoints, Cash / BACCS via a bank, Online & SMS*. Once your card is loaded you are ready to use you card.

Costs

Charges for the prepaid card will normally be made in the following areas;

Card Issue - Free to £10

Monthly Free - Free to £10

ATM withdraw - Free to 3.5%

Purchases - Free to 3% depending on card and method

Reload Fees - Free to 3% depending on card and method

Most prepay cards have a mixture of services that are free and paid for, for example one card pay not charge a monthly fee but will charge a reload fee. To calculate which card offers the best value for money you will need to compare charges based on you predicted usage. For example a prepay card with a high monthly fee but lower reload and purchase fees may be prefferable to a customer who intends to spend large amounts each month via their card.

* Check with card provider

Information Center

New cashplus creditbuilder - Use you cashplus gold prepaid card to improve your credit rating simply click cashplus rebuilder for more information.

Our Choice Prepaid Credit Cards

We love the cashplus prepaid MasterCard, it was one of the first prepaid cards to hit the UK and is now well established. The card costs only £9.95 and $4.95 per month, however there are no purchased fees or charges for cash reloads. What we real like is the fact its a GOLD CARD. For more information and to apply online simply click the banner below or Click Here

Other cards - Prepaid Debit Cards

Prepaid Credit Cards

Our Choice Prepaid Credit Cards

Secured Homeowner Loans to Reiterate that a Home Provides More than a Roof Over Your Head

Unsecured Personal Loans. When you are your guarantor and not your home