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There are two great advantages to prepaid credit cards. One is that they never put you into debt as your can only use them as long are there are funds to back them up. The other is that as long as there are funds to support their use, they can be used to secure purchases that require a credit for security such as hotel rooms and car rentals.

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Q: What are some advantages of a prepaid credit card?
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What are the advantages of a Visa prepaid credit card?

Some of the advantages of having a VISA prepaid credit card are: one cannot spend money that they do not have available on the card (no overspending), one does not need a bank account to be able to purchase items with this prepaid card, and one can still get a VISA prepaid card with bad credit.


Can you get a credit card with no credit history?

Yes, there are some credit cards that offer credit even without a limit such as AccountNow, Prepaid MasterCard, Wired PlasticTM, Prepaid VisaCard, Centennial Secured CreditCard, The MangoTM MasterCard Prepaid Card and more.


What is the benefit of a prepaid credit cards?

A prepaid credit card is like a debit card: you put money into the account and then spend it by swiping the card. There are no payments after the fact. You "reload" the card to maintain a balance for your use. Some companies charge a monthly fee for this service, while others do not. So do the research. The card reports to the credit bureau, but will show that it is a prepaid card, which doesn't impact your credit score.


What are some advantages to a capital one credit card?

"Some advantages to a capital one credit card are fundraising credit cards, the card building lab, rewards with no hassles, and online guide to your finances."


Do you know how to get a credit card if you don't have good credit?

One of the best ways to rebuild your credit is to get a prepaid credit card. You will have a credit limit of the amount that you have chosen to place on the card. They report the payments to the credit bureau and some will even upgrade you to a regular credit card after a year of activity.


What is the credit limit for a prepaid Mastercard.?

If you need to rebuild your credit then there must have been some form of negative feebback. You cannot get unlimited credit with a prepaid Mastercard. Prepaid Mastercards are debit cards that function like credit cards. You pay with cash and then use the card. It is not a good way to rebuild your credit.


What are the advantages of Providian's credit card payments?

Some advantages of Providian's credit card payments are that they offer security protection, damage protection and theft protection on the card and products purchased.


Does the cash card charge my credit card?

Some cash cards can be set to automatically be 'filled up' from your credit card, and others act just like prepaid or reloaded cards. Look into the card specifics to be sure.


Can you earn rewards when you use prepaid credit cards?

You can earn rewards when using prepaid credit cards, such as iTunes cards and iPhone applications, and some companies will even give you a $25 gift card, but you cannot earn the type of rewards regular credit cards give. For instance, you will not receive frequent flyer miles or points toward vacations with a prepaid card.


What is the difference between a prepaid and a regular Visa credit card?

Although the cards can be used in the same way, there are some significant differences in prepaid and regular credit cards. With a regular credit card, you make your purchases on credit and then pay your bill later. If you do not pay the bill in full each month, or are late making a payment, there will be fees accrued in the form of interest and late fees. With a prepaid credit card, you deposit money much the same way you would with a checking or savings account. Then when you use your prepaid credit card, the charges are deducted from your balance. When you start to run low on your balance, you can just deposit more money in your account. In this way, prepaid credit cards operate much the same as debit cards. You will probably have to pay an initial fee to set up your prepaid credit card account, but after that you avoid the possibility of interest and late fee charges. This is also a good way to rebuild your credit if you have had financial difficulties in the past.


How soon after your debt has been discharged can you apply for a credit card and be approved?

you can apply now there are some companys who will approve you with bad credit. if you're looking for a good debit card you can go to rushcard.com and use the referral code moneymaker this is a prepaid visa card you can also get direct deposit on it. there is no credit check and you'll get it within a week. if you want good credit cards or prepaid or debit go to http://www.getgoodcredit.newcreditapplications.com it has major credit card companys and there is something for everyone bad credit no credit business students prepaid everything you're looking for they have and its not hard to get approved i have a few myself.


What are some of the advantages of the Advanta Business card?

Advantages of the Advanta Business card are that it is accepted at a million locations worldwide, there is no annual fee and there is a $50,000 credit limit.