When your credit is less than perfect, getting a fresh credit
card is becoming increasingly difficult and if you are able to get one, it
comes with skyrocketing interest rates. A prepaid credit
card is a good alternative to these high interest, bad credit
credit cards . Prepaid credit cards are convenient, easy to use, and
come with a host of features which make them ideal for those with bad
credit. Not convinced? Read on. The following 10 unbeatable reasons will
change your perception forever.
1. Qualify Easily:
Have a history of bad credit and are unable to obtain a mainstream
credit card? Tired of answering questions about your checkered credit
history? Look no further. Prepaid credit cards offer 100% Approval -
and bad credit is okay. All-Access® Visa® Prepaid Card and ElitePlus Prepaid MasterCard® Card are some of the
prepaid cards which
welcome bad credit people with open arms. The Eufora™ MasterCard® Card - The Income Opportunity Card™ gives
2. No Checks:
Forget those employment verification and bank account credentials.
Just deposit the money and have a prepaid credit card. Companies issuing The
VIP Visa Prepaid Cash Card, VUE PrePaid Visa® Debit Card , The BuyRIGHT
Prepaid MasterCard® and ElitePlus Prepaid MasterCard® Card etc.won't ask you a thing about your employment and will be more than
happy to issue a prepaid credit card.
3. No Upfront Payment:
Don't have money -- no problems. The All-Access® Visa® Prepaid Card has No Upfront Payment - and no minimum balance requirements, while
the Wired PlasticTM Prepaid Visa® Card also says --No Upfront Payment
Required – Receive your new Visa card in as little as 3 days. So what
are you waiting for?
4. No Monthly Bills:
Fourth unbeatable reason to have a prepaid credit card is that there are no
monthly bills to pay. The important thing with prepaid credit cards is that you
are using your own money to buy goods and services. So the bank doesn't
charge you any interest and you have no liabilities at the end of every
month. This gives a lot of relief to people who get jittery when they
receive their monthly credit card statement.
5. Deposit Cash Directly:
No need to run to the bank every week to deposit cash -- direct
deposit is here. Prepaid credit cards often have the ability to allow
you to directly deposit your check onto your card. This eliminates the
need of frequent visits to the bank. All-Access® Visa® Prepaid Card gives
FREE Direct Deposit - make payday faster and safer, while the Wired Plastic™ Prepaid Visa® Card offers Convenient Loading
Options – Free Direct Deposit or add cash instantly at over 100,000
retail locations nationwide. This makes it very easy to have ample
funds in your account.
6. Fast Processing:
No credit-check, no employment verification and near- nil
documentation makes getting a prepaid credit cards very quick. In some cases
all you need is to fill an online application and the card arrives at
your doorstep within days-- not weeks or months. For example the Wired Plastic™ Prepaid Visa® Card says No Upfront Payment Required
– Receive your new Visa card in as little as 3 days. No more waiting!!
7. Financial Discipline:
Prepaid credit cards are a very good way to promote financial discipline.
Remember the borrowing spree on credit card? There you could spend money
that you didn't have and then pay hefty interests to fill up the credit
card companies coffers. All this ends with prepaid cards because you
spend only what you have in your account, hence no debts and wise
spending. This financial discipline helps a lot in the long run.
8. Accepted Worldwide:
With the The BuyRIGHT Prepaid MasterCard® you can Get cash at over
900,000 ATMs worldwide , and have 24/7 ATM Access to Funds.
The First Vineyard MasterCard® is Accepted at 30 Million merchants
& One Million ATM machines. No need to worry about acceptance. You will
have the money when you need it. Most prepaid credit cards can be used where
Visa or MasterCard are accepted.
9. Establish Your Credit:
Some prepaid credit card companies report your payments to the credit
bureaus and thus can help you rebuild your credit without paying high
interest charges on credit cards. The improvement in spending habits
will also help improve financial discipline which will be of tremendous
help in rebuilding your credit ratings.
10. Rewards and Freebies:
Many Prepaid credit cards come with rewards programs and freebies. These
programs help you earn cash as well as get free services for using your
prepaid card. For example the Wired Plastic™ Prepaid Visa®
Card has a --Earn 1 point for every $1 spent. It also offers redeem
points for; LD Phone Calls, Prepaid Wireless Airtime and Music
Downloads. On the other hand All-Access® Visa® Prepaid Card gives
FREE Savings Accounts, FREE Instant Transfers to cardholders and FREE
Account Alerts to its customers.
Impressed with prepaid credit cards? Listed below are Top 10
Prepaid Credit Cards which will help you achieve your financial goals. Please remember to
read the terms and conditions associated with each card before you
apply. This is the wisest thing to do before owning any prepaid credit
you know what you are getting.