Prepaid credit cards have become all the rage lately as
these cards provide a valuable financial transaction
service that many people have long since needed.
Essentially, prepaid credit cards are not credit cards at
all because they do not extend credit. That service is the
ability to use a debit card wherever credit cards are
accepted. Instead of advancing credit charges one draws
from a finite amount of deposited cash. Now, some may
consider this a somewhat unnecessary service, but when one
examines the benefits of prepaid credit cards it becomes
obvious that these cards have a great deal to offer.
For starters, prepaid credit cards are a great way to
protect oneself from fraud. While we would all like to
assume that the world is made up of honest people, it is
not. As such, there have been a great number of instances
where people have been defrauded of their credit card
funds. This happens often online as a number of less than
reputable sellers operating out of seemingly unknown
locations in the world rip people off for their credit card
information. Considering the following common scenario: a
person finds a website selling used books and makes a
purchase using credit card information and when the credit
card statement arrives it is discovered that the $5 book
purchase led to $2,000 of purchases with the provided (and
compromised) credit card information. Now, a prepaid credit
card would be quite beneficial in this instance or in any
instance where one is purchasing from an unknown vendor.
For example, one could keep a very minimal amount on the
prepaid card (say $20) so that if it is compromised the
losses will be minimal and the card can simply be discarded.
Also, these prepaid credit cards are the same as using cash
to pay for items without having to carry cash around. This
can provide a safety net so to speak if the card is lost or
stolen. For example, if you record the account number of
the prepaid card and the card ends up being lost you could
quickly transfer the balance of the card to another
account. This way, no money is lost. Now, if a wallet full
of cash was lost then...oh well...it is gone forever. As
such, the ability to replace cash with an alternate means
of payment is always a huge positive particularly one that
also has a threshold limit of spending much lower than a
credit card as a lost credit card can prove even more
calamitous than lost cash.
Another aspect of prepaid credit cards that is supremely
beneficial is the fact that these cards are based on a
finite amount of money as opposed to advancing money on a
borrowed basis. For some, there is a lack of desire to
amass credit card debt, but the need for a credit card in
the modern world is generally unavoidable. Additionally,
there will be those individuals who would like a credit
card but for a number or reasons they are turned down due
to bad credit, lack of credit, etc. In regards to these
problems, these prepaid credit cards come in handy as they
provide a solution to such a dilemma.
As one can see, prepaid credit cards have a host of
benefits that speak volumes for the value of these cards.
So, if worries about lost or stolen cash or credit cards,
overextending oneself on credit or simply wanted to avoid
the complexities of applying for a credit card, prepaid
credit cards provide a simple, safe and sane solution. What
better of an endorsement could one ask for than that?
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To search through the available prepaid credit card offers
and find the very best deal for you, please visit our brand
new prepaid credit cards website located at:
http://www.prepaid-creditcards.net
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