Prepaid Debit Cards: Your First Step toward Better Credit

Prepaid Debit Cards: Your First Step toward Better Credit
If you're having trouble getting approved for a credit
card, a prepaid debit card may be just what you need.
Unlike many regular credit cards, prepaid debit cards do
not perform a credit check when you apply. So if you've had
trouble with credit or have no credit, you'll still be
approved for a prepaid debit card. And these cards come
with other benefits as well. A prepaid credit card can be
the first step down the path to better credit.

How Prepaid Debit Cards Work

Prepaid debit cards are similar to both credit cards and
debit cards. After getting approved for one, you're able to
deposit money into your new account. This is often referred
to as "loading." The amount of money you load on to your
card is equal to your line of credit. When you swipe the
card, the money is subtracted from the amount you
deposited. As long as you have money on your card, you can
make purchases. You can use the card anywhere that debit
cards are accepted.

Having a prepaid debit card is similar to opening a
checking account on a card. You can deposit money whenever
you need to, and spend within your account limits. This
system helps keep you far away from credit card debt.

Benefits of Prepaid Debit Cards

One big advantage of prepaid debit cards is that they are
safer to carry than cash. You can shop for groceries, get
gas, and purchase other items without the hassle of dollar
bills crowding your wallet. And prepaid debit cards are
accepted all over. If you have a card with the MasterCard
or Visa logo, it can be used worldwide.

Another benefit of a prepaid debit card is that you don't
have to worry about paying monthly credit card bills. Since
the amount at your disposal is equal to the balance in your
account, you don't spend money that you don't have. This
saves the headaches involved with high monthly bills and
balances.

It's easy to load money on to your prepaid debit card. Most
cards let you reload any amount of money by calling and
authorizing a transfer of funds. You can also do this
online or through an ATM. This lets you control how much
you want in your account.

Exploring your Options

Companies offer different types of prepaid debit cards.
Before you sign up for one, check for additional fees and
features. One card that lets you transfer money for free is
the ReadyDebit card. With no credit checks and no security
deposits required, you can begin using the card right away.
It's issued through Visa, so you can use it wherever Visa
is accepted.

Another one to check out is the Prepaid Visa RushCard. With
this card, there are no annual or monthly fees. You can use
the card online or over the phone to make purchases. The
Prepaid Visa RushCard also offers some shopping discounts
at participating retailers.

A prepaid debit card may be just what you need to give your
credit a boost. Check through the different options through
credit card websites. The application process is easy. Once
you get the card, you can start taking steps to get back on
track in the credit card world.

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To View Prepaid Debit Card Offers click the following link:
http://www.credit-card-surplus.com/prepaid.php . Ed
Vegliante runs http://www.credit-card-surplus.com , a
directory helping consumers to compare and apply for credit
cards.