For bad credit people prepaid card will always score over credit card

Cynthia Stewart
May 26, 2007
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There has always been a debate about which of the two viz. the prepaid card or the credit card is better? Though each one of them has a range of benefits and a huge fan following, but here we present a case for prepaid credit cards. In this article we will look how a prepaid card scores over credit cards especially if the owner has a not so perfect credit history.

The rejection is non existent in case of prepaid credit cards, there are no credit checks, no employment verification, and approval is guaranteed.

With a bit of dilligent shopping and comparision of various prepaid credit card offers, it is not difficult to find a prepaid card with no annual fees, no late payment fees, no repayments, and no penalties whatsoever. So, the ownership costs of a prepaid card can be negligible.

With prepaid cards it is very easy to promote financial discipline. Since you can only spend what you have, there is no overspending, and hence no debts.

Some prepaid cards do report their use to major credit bureaus and hence are a good instrument to rebuild credit history.

Prepaid cards have wide acceptablility, and in some cases they are even more readily accepted than credit cards.

So, if you a bad credit and are constantly ripped apart by credit card companies, have a look at prepaid card offers in the market. You won't be disappointed with the results.