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PREPAID CREDIT CARDS
A prepaid credit card, often
called stored value credit cards, provides the spending
power of credit cards but without the risks. How? Even
though prepaid credit cards carry the MasterCard or Visa
logos, they do not have credit lines and therefore are
not really credit cards. Prepaid charge cards require
you to deposit money into your account. The cost of
purchases are then deducted from your account.
Basically, you can't spend money that you do not have.
These types of cards are great for people that don't
like to carry around cash or are not looking to develop
debt.
The cards featured below all offer guaranteed approval
and report your activity to all three major credit
bureaus. Therefore applying for a prepaid credit card is
a great means of building a positive credit history for
those that suffer from bad credit or no credit issues.
If you need help selecting a card, please
contact us.
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