Another type of credit card is the prepaid credit card. These cards work much like a debit card. You simply pre-load the card with your own money so you’ll always know how much you have available to spend.

There are no credit checks required and you can never go overdrawn or spend more than you’ve loaded on to your card. If you don’t have a traditional credit card, either by choice or because of past credit issues, a prepaid credit card is a great alternative with zero risk to your credit file.

Now that you understand the various types of credit cards available from creditors, visit our credit card search. There you will be able to search for cards based on type (cash back, rewards, student, business, etc.) as well as by interest rate, card ratings and more!

Prepaid and debit cards offer the convenience of a card without the hurdle of a credit check. Because money is debited directly from your account, these cards do not report to the major credit reporting agencies.

Hi

Prepaid and debit cards offer the convenience of a card without the hurdle of a credit check. Because money is debited directly from your account, these cards do not report to the major credit reporting agencies.Another type of credit card is the prepaid credit card. These cards work much like a debit card. You simply pre-load the card with your own money so you’ll always know how much you have available to spend.There are no credit checks required and you can never go overdrawn or spend more than you’ve loaded on to your card. If you don’t have a traditional credit card, either by choice or because of past credit issues, a prepaid credit card is a great alternative with zero risk to your credit file.

Thanks

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The main advantages of the prepaid credit cards are those concerning safety and convenience. The prepaid credit cards holders feel secure and safe when applying them because they are both protected with a corresponding system and they are sure that they would never exceed the limit. Due to that fact the prepaid credit cards can be easily used by anyone from children up to elderly people.

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