Prepaid Credit Cards
What are prepaid cards?
Prepaid credit cards are the one type of credit card where you don’t have to get yourself into debt or take on any debt. You simply top it up with your own money and use it like a normal credit card, whether you want to top it up by £10 or £100 to reserve a table at a restaurant or a hotel room. The prepaid credit card is an ideal source for those of you that won’t to keep free of debt but be able to shop online and in stores without using cash and gaining interest.
What if I have bad credit?
This card is perfect for those that have been refused credit in the past or struggle to get accepted for credit cards and loans because of a poor credit report. As you are using your own money there are no risks to the prepaid credit card provider which means there are no credit checks taken out so anyone with a bad credit history can be accepted for this card. Most prepaid credit cards come without a minimum balance as well so with this card you truly are in complete control. If, however, you have an exceptional credit rating take a look at what the Low Interest Credit Cards can offer you.
Research and compare prepaid cards
As with many types of credit cards it is wise to carry out a bit of research before going out and applying for one, so you don’t wonder where to buy prepaid credit cards online. Due to the large volumes of people that can be accepted for the prepaid credit card a lot of issuers will offer different deals and perks so it is important to check them all out and find one that really does suit you and your circumstances. So find one that will work for you.
Some advice on prepaid credit cards
Be aware that many prepaid credit cards will charge you an application fee that can range from £5.00 to £10.00 (not all of them do, some are completely free) so it would be an idea to compare prepaid cards. Along with that they can charge a withdrawal fee like normal credit cards, which can range from 50p to 3%. Regarding the age bracket for this card, you can be as young as 10 to be accepted but the majority of prepaid credit cards have an 18 restriction on them.