Posts Tagged ‘Prepaid Credit Card’

Prepaid Credit Cards For Holiday Spending

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Prepaid Credit cards are an easy and save way for anyone who wants to control spending or is worried about fraud and and possible loss.

Especially in busy seasons  like Christmas, year end or holiday times it can be a challenge to keep spending under control. Besides the negative, a prepaid credit card can be a great gift for any occasion too.

Since it is getting increasing difficult to find the right gift, a pre paid credit card can be the answer for any one not sure what to give or running short on time.

Prepaid Credit Cards as Gifts and Control Spending | Wedding …

Giving prepaid credit cards will avoid you from the hassle of choosing items for gifts since you can let the receiver to choose their own gift with the card. It is a unique gift that symbolizes your love and care to your family and …

Prepaid Credit Cards: Basic Things To Take Into Consideration

Prepaid credit cards are said to be very beneficial. They are easy to apply for and to get. In most cases you don’t even have to attach your credit report to the credit card application. But still, before you do that, I suggest that you …

Starting off with Prepaid Visa Credit Cards

If that frightens you from taking another plastic, why not prefer a prepaid visa credit card, or else? These are a kind of credit cards that are now becoming popular. As a matter of fact, several organisations have in any case been …

Related prepaid card articles

• Industry Study: Prepaid Cards Cheaper Than Checking Accounts? (pindebit.blogspot.com)
• Prepaid Debit Cards Are Money Sucking Black Holes In Your Pocket [Hidden Fees] (consumerist.com)

Wire yourself With the Wired Plastic Prepaid Visa

Most experts suggest college is the best time to create a credit record, and the best way to do that is with a credit card. The hassle, though, of carrying a balance from month to month, having outstanding debts, and dealing with horrible interest rates is enough to make your skin crawl. The answer to this dilemma? The Wired Plastic Prepaid Visa.

The Wired Plastic Prepaid Visa gives you the convenience of a normal credit card without the hassle. First, you have to have the money before you can spend it, which means that you’ll never have an outstanding debt to pay. That also means that you can avoid the high interest rates most credit card companies charge students.

Second, Wired Plastic Prepaid Visa offers one of the best student rewards programs anywhere. You earn points every single time you use your card, just like you might with any traditional credit card company. Those points can really add up over time, and you can use them to pay your wireless bill, download great ringtones or music files, or purchase other accessories for your phone.

Third, Wired Plastic Prepaid Visa can actually help you manage your monthly budget, which is an essential part of being a student. From allowing you to pay any of your bills online or over the phone to ensuring that you won’t spend money that you don’t have (like most other credit cards encourage you to do), Wired Plastic Prepaid Visa will help you to become better with your money.

Fourth, Wired Plastic Prepaid Visa is really easy to load. You get free direct deposit. Whether you’ve got a government check or a pay check coming, it can get deposited to your account for free, and the money is available on the same day. What’s more is that there are nearly one hundred thousand loading locations for your Wired Plastic Prepaid Visa. If Grandma wants to send you an early Christmas gift, or you just need to put some funds in your account, you can do so from almost anywhere in the country.

Finally, Wired Plastic Prepaid Visa is the most affordable card you’ll ever see. With low start-up and monthly fees, as well as 24/7 technical support with live customer service representatives, you simply won’t find a better student card on the market.

If you’re ready to get wired, get hooked in now. Fill out the Wired Plastic Prepaid Visa application today.

Balance Transfer Credit Cards

Balance Transfer Credit Cards or Transfer Credit Cards offer to the cardholder the facility of balance transfer. By this facility,an outstanding debt balance on your one credit card can be transferred to another that is newer or less used.  But the credit limit of the latter will have a reduction to the extent of the transferred sum.For instance,suppose you transfer your outstanding debt of Rs. 20,000 on your card A to card B which has a credit limit of Rs. 50,000. By this, the credit limit of card B is reduced to Rs. 30,000.  Again, the balance transfer amount should not exceed 80% of the credit limit.For example,if the credit limit of your card is Rs. 50000, you can transfer to it only an amount up to Rs. 40000. Balance Transfer Credit Cards may offer zero interest balance transfer.In order to induce potential customers to change from other cards to theirs, banks often offer low or zero interest balance transfer.But this is only for the introductory period of 3-6 months.  After that the transferred amount acquires its original rate of interest.   If you want to avail a balance transfer credit card, as a first step,you have to apply to the credit card issuer for the facility of transferring your credit amount.Then on approval, your outstanding debt will be paid off by the card issuer and the due amount will be transferred to your new credit card.It may take 1-2 weeks to get the amount transferred.If you are not wary, your payment date may fall in between and you may not notice it. This will adversely affect you credit report.  Hence, make it a point to pay the minimum due amount till the transfer is made.  Credit card companies may offer free balance transfers to woo customers.They may offer you two, one or zero percent interest.But this may be only for an initial grace period.But this opportunity can be used to reduce your credit card debt.Before applying for a balance transfer, you need to look into the terms to know if there are some hidden costs.There may be some initial fee or annual fee.  Zero percent Balance Transfer Credit Cards gives you the facility of paying off debt along with saving money.You can save the 16 to 18% interest that you are supposed to pay otherwise.  Balance transfer credit cards can get you cash on emergency.You can even transfer money to your bank account or you can transfer through cheque.  Balance transfer credit cards can change your habit of delaying payments.As you are pushed into paying off purchases, you can save interest otherwise payable.

Transfer Credit Cards

Transfer credit cards or balance transfer credit cards are a recent development in the history of credit cards.Suppose you are a credit card holder with a balance debt of $ 7000.Now you decide to switch to a new card.But you have a liability outstanding on the first card, your debt balance.The new company allows you to transfer your outstanding balance on the existing card to the new card.The new one is a balance transfer credit card.Suppose the credit limit of your new card is $ 25,000.Your balance with the old card is $ 7000.Now the credit limit will have a reduction to the extent of the balance amount.The credit limit of the new card will be $ 18,000. Transfer credit cards are advantageous in many ways.Most of the cards allow you a very low or nil interest for the balance. Hence it will be beneficial for you in your debt management.As a matter of fact,these companies offer you a 0% transfer facility as means to woo you to leave your first card and take theirs.But this low or nil interest will be only for an introductory period of 3-6 months.Also, there may be some hidden costs.Hence it makes sense you look in to the terms and conditions if any hidden costs lurk behind the rosy face.Some companies charge some introductory fee or annual fee.But it is an advantage that you can save the interest of 16-18.If you opt for a Balance Transfer Credit Cards, first you have to apply to the card issuer stating your need of a balance transfer.Along with, you should obtain the credit statement from your card issuer and produce it to the new company.On due approval of your transfer application, the new card issuer will pay off the balance amount payable to the old card issuer. Then the amount paid by the new card issuer will be added to the debit of your new card. After your submitting of application for balance transfer,it may take a couple of weeks for the transfer to take effect. During this intervening period your payment date may fall due which you may not take notice of.This lapse will have an adverse effect on your credit report.As such, you should ensure the remittance of the due sum by the stipulated time until the transfer is effected.

Prepaid credit cards explained

If you’ve ever used a store gift card, then you’ll understand how a prepaid credit card works. The concept is very simple: a prepaid credit card is pre-loaded with your own money, so you are only able to spend up to a pre-determined, set limit. These cards can usually be used virtually anywhere that a standard credit card is accepted.

Prepaid credits work in exactly the same way that a regular credit card works. To pay for your item or service, you swipe your card and then either enter your PIN (which is supplied with the card) or sign the receipt. The total amount of the transaction is then withdrawn from your card immediately.

The main difference between a prepaid credit card and a normal credit card account is that with prepaid card, you are dipping into your own money, rather than using funds borrowed from your lender. Therefore, you can only use the card until your pre-loaded cash runs out, or until you top up the account. Funds can be loaded onto your prepaid card by cash at your bank or at the Post Office, via bank transfer, or via payment from another credit card.

A prepaid card looks like a regular credit card, and can be used to buy all sorts of everyday expenses, including petrol, groceries and bills. Prepaid credit cards are particularly useful, however, when you’re shopping online or overseas.

Some online retailers and service providers, such as certain airlines and hotel websites, only accept payment via credit card, and a prepaid account allows you to shop on their websites without needing an active credit card account.

The other benefit of a prepaid credit card is the flexibility it provides for certain people and situations. For example, if you’re new to a country and you haven’t yet built up a credit rating – or you have a history of bad debt, and you’re starting your credit record from scratch – a prepaid credit card could help you build your credit file.

Also, if you’re going on holidays, a prepaid credit card offers you the opportunity to load a certain amount onto your card, so you can avoid paying foreign currency exchange fees – and so you can stick to your pre-planned budget!

With prepaid credit cards you will not be subjected to any credit checks, so you can usually get signed up for a card instantly. Just watch out for the fees: some providers charge a card application fee on top of monthly service charges, cash load/deposit fees and withdrawal/purchase fees, so it pays to shop around for the best credit card deal.