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Prepaid credit card

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Prepaid Credit Card acquires no debts, No monthly or interest charges! Prepaid credit cards are connected to a saving account. For purchases made on this card, the money comes from the account. The card lets you to spend as long there are funds available in your account. Upon zero balance the card remains in active, to get it activated again you need to deposit money. Since no debts are incurred therefore there are no extra charges or interest payment.

Prepaid credit card has a pre-set limit and is operational until zero balance and in the real sense offers no credit of any sort, for the cardholder spends money from his own account deposited by an employer, parent. It is branded as a credit card carries the logos of Visa, MasterCard, American Express or Discover and is used like any other credit card, only for one thing it does not acquire any debt. Credit card is more of a need than a luxury, comes handy when making reservations for hotels, motels, car rental and airline flights. Credit card held valid when placing orders online or telephonically. The unfortunate part about it is that not all pass the credit score test and are rejected.

Prepaid credit card has an edge on the traditional credit card as the chances of serious debts are ruled out. You are not under the obligation of any bank for the deal is between the card issuer and you. There is no need of paying back to the issuing company, simply deposit money and spend. This is no less than a credit card as it is accepted the same way as traditional card-purchases on telephone or online. The amount is automatically deducted from the balance. Add more money in your account anytime, there are maximum and minimum amount.

A prepaid credit card account is opened by first depositing money similar to saving account. With money in the account, prepaid credit card is yours, to be used anywhere. It has a cyclic effect so add more money to the account and go on spending without the fear of getting debts. You need to top it again and again. There are no bills, no interest charges. Prepaid credit card protects you from financial ruin. It helps you get into shape and brings a good credit standing with the lenders. When the credit cardholders are struggling under the burden of bills, you enjoy the freedom. The watchword is-you only spend what you have. Prepaid credit cards require no credit checks, ideal for those with an unstable credit scores or no credit sanding at all. It is a nice way to revive your credit scores.

Fees charges and rewards:
• So choose a card with no APR. Some card issuers have APR charges on money deposited and purchases..
• Transaction fees, ATM fees, Monthly usage fees
• Reward programs and incentives ate convenient and risk free.
A simple identification proof, physical address can get you prepaid credit card. Online is the best option.

*See the online application for details about terms and conditions Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. When you click on the offer you desire you will have an opportunity to review the credit card terms and conditions on the credit card issuer's web site.
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