If you have bad credit or have been turned down for an unsecured credit card, a prepay card may be best for you. Additionally, a pre-paid card can help you control spending urges.
Prepay card benefits:
Can help establish or improve credit
Can help curb spending
Can be given to family members for emergency use
VIP Visa: No Credit Check, No Turn Downs, No Annual Fees, No Security Deposit, No Employment Required, Online and Offline Access, Low cost fees, Store your Money Safely, 24/7 ATM Access to Funds, No Credit Check or Bank Account Required.
Orchard Bank MasterCard® Secured
Initial Credit Limit Up To $1,000.
Low Annual Fees. Competitive APRs.
Periodic Credit Limit Increase Review.
Complimentary Online Services for Account Management and Payment.
Benefits of a Prepay Credit Card
For credit card holders, the concept of a prepay credit card may be a new one. But, there are many advantages and benefits these types of cards have to offer, especially to new or younger credit card owners. Prepay credit cards can teach valuable lessons in how credit cards work, and can put a stop to potential over spending. There are a number of types available to you, the only hard part is deciding which card you like best.
Browse other types of credit cards:
Aspire Visa No security deposit. Rebuild your credit with an Unsecured Visa® Card.
ATT Rewards, Connection, Protection, Convenience. Plus, 0% APR* on balance transfers for 12 months.*See website Terms & Conditions.
Gas card offers convenience as well as rewards. Get your gas credit card online.
Disney Card enjoy the rewards of your Disney credit card.
Sears Card enjoy shopping with your Sears credit card.
Wal-Mart Card make purchases with your Wal Mart credit card.
Visa credit card offers: Visa Classic, Visa Secured, Visa Gold Credit Card, Visa Platinum Credit Card, Smart Visa Cards, Visa Signature Card and Reward Cards
MasterCard credit card offers: The MasterCard, Gold MasterCard, Platinum MasterCard and World MasterCard
American Express credit card offers: Personal Card, Rewards Green Card,Senior Member Card, American Express Student Card, Gold Card, Platinum Card, Blue from American Express, Blue Cash Card, Blue for Students
Chase credit card offers: Chase Cash Builder, Chase Perfect Card, Chase Platinum, Platinum for Students, Chase Rewards Card, plus other branded cards such as Universal Studios and the Chase Subaru Card
Citi credit card offers: Diamond Preferred® Rewards Card, Driver's Edge, and more, including a student credit card.
Discover Card offers: Discover Miles Card, Discover Gold Card, Discover Student Card, and the Discover Gas Card
Need more credit card information? Read our financial and credit articles related to prepay credit cards.
Credit
Card
Before
traveling, call the credit card company so that purchases will not be halted due
to fraud measures. This is especially necessary when traveling to a foreign
country. This helps avoid a freeze on a credit card account. There is antifraud software that monitors customers’ spending
patterns. When cardholders stray from usual habits, for example, like making
purchases in another state instead of at a store in the home ZIP code area, it
could be flagged as fraud.
Many
people are glad about this, but others get upset when purchases are denied. In
addition to watching for unusual spending patterns, banks also monitor where criminals use stolen
cards, which can be places like automated payment kiosks in metropolitan areas.
This is why some people have more than one credit card when they travel. It can
be a big problem to unfreeze a card when traveling in a foreign country.
For
people who travel all the time, countries in Europe, Japan, Canada, and Mexico have adopted a
credit card that has a chip. The customer must enter a PIN. Merchants that accept
Visa, MasterCard and
American Express are supposed to let customers pay with either type of
card, yet some employees at stores outside the United States do not always know what to do with the magnetic version.
Another
problem can be that automated kiosks in Europe, may only accept chip and PIN cards, particularly in
train stations, parking garages, gas stations, and some tollbooths. When this
happens, Americans with magnetic stripe cards usually have to wait in line to pay with cash or have a clerk swipe their cards.
These lines can be long and frustrating when trying to catch a train. Some merchants in other parts of the world often have higher minimum-purchase
requirements, to use a credit card or simply do not accept the cards because they
do not want to pay the fees card companies charge retailers. Be sure to contact
card issuers before traveling and check the credit limits on each card.
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Tip of the Day: To curb credit card charges, wrap your credit card in a sheet of paper and keep a log of purchases written on the paper, with a grand total of charges in view each time you reach for your card. Before swiping your card, figure out how many hours you'll have to work in order to payoff the charge and jot on the paper: "IOU #Hours of Work". Perhaps seeing how long you'll need to work to payoff the charge will help curb spending.
