Prepaid Credit Cards

MRR and PLR Articles Pack

Below is a MRR and PLR article in category Finance -> subcategory Credit.

Title:
Prepaid Credit Cards

Word Count:
348

Summary:
If you have a history of bad credit and are unable to obtain a mainstream credit card, then prepaid credit cards may be just the answer you are looking for.


Keywords:
credit cards, prepaid, charge, fees, secured, bad credit, adverse, history, score, guaranteed


Article Body:
If you have a history of bad credit and are unable to obtain a mainstream credit card, then prepaid credit cards may be just the answer you are looking for.

First of all, although prepaid credit cards are accepted at any retail outlet where the credit card logo is displayed, strictly speaking they are not a ?credit' card, as the issuer provides no credit facility to you. Rather, your spending limit is determined by how much money you have on the credit card at any given time.

Once the amount on the card has been spent, the cardholder can either buy a new prepaid credit card or elect to transfer money on to the existing card, depending on the card program.

Although prepaid credit cards sound very like debit credit cards, the two should not be confused. In the case of debit cards, any purchase for goods or services you make will automatically be charged to you bank account ? for which the debit credit card has been issued. However, purchases for goods or services made on prepaid cards goes off the balance already on the card.

Because of the prepaid nature of these cards, they have several benefits, such as:

  • no interest is charged
  • they give people with a bad credit history the option to use a credit card
  • the ?credit' line is variable depending on the amount on the balance of the card

    That said, you still need to review the terms and conditions of the application form carefully as prepaid credit cards can have

  • a monthly membership fee
  • an application fee
  • a purchase fee
  • a monthly transaction limit fee, i.e. if you spend over a fixed amount each month you are charged a fee for any additional transactions
  • a fee if you use the card to make ATM withdrawals

    Nonetheless, the card is a superb option if you either cannot obtain a regular credit card or are tired of all the fees and interest charges that are normally associated with standard credit card.




    You can find an AI generated version of this article here: Prepaid Credit Cards.

    You can browse and read all the articles for free. If you want to use them and get PLR and MRR rights, you need to buy the pack. Learn more about this pack of over 100 000 MRR and PLR articles.

    • “MRR and PLR Article Pack Is Ready For You To Have Your Very Own Article Selling Business. All articles in this pack come with MRR (Master Resale Rights) and PLR (Private Label Rights). Learn more about this pack of over 100 000 MRR and PLR articles.”