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I think the biggest danger in having a prepaid credit card would be losing it or having it stolen. Because the money is already on it, it would be easy for anyone to use and getting the credit card company to return the money would be incredibly difficult.
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∙ 14y ago
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What are some of the dangers of credit cards?
the dangers of credit cards?
Where can one find more information about prepaid credit cards in Canada?
One can find information on prepaid credit cards in Canada on a variety of websites. Canada Post sells prepaid credit cards and has information both in store, and on their website. MasterCard has information on their website about their prepaid cards, and VISA has information on their website about their prepaid cards.
What are the benefits of having prepaid credit cards as opposed to regular credit cards?
Prepaid credit cards are better than standard credit cards in that you're less likely to get in over your head financially. Standard credit cards are one of the primary ways people build debt but with a prepaid card you can only spend what you already have.
Can you reload prepaid credit cards with credit cards?
There is no such thing as a prepaid credit card. There are secured credit cards and prepaid DEBIT cards. yes because if you pre-pay it can be called 'credit' other than that both cards provides the exact same facility. for you question. yes its possible to topup your 'prepaid credit card' with another credit card or using a bank account. however it all depends on whether your bank/credit card company supports such facility. refer to the link provided to know more about 'prepaid credit cards' available and different services provided by them.
Can prepaid credit cards be traced?
No Not At All
What are a few good prepaid credit cards for college students?
There is few goods prepaid credit cards one should get. American Express offers a good deal when it comes to prepaid credit card. Also another good one is Visa's prepaid credit card.
Which banks offer prepaid credit cards?
The banks that offer prepaid credit cards are Bank of America, U.S. Bank Secured, Chase, Wells Fargo, Capital One Bank, also First Premier Bank offers prepaid credit cards.
Are prepaid credit cards as safe as regular credit cards?
Prepaid creidt cards are safer than regular credit cards. They work much like a debit card so that when the money is exhausted on the card, the card will be rejected.
What are the best prepaid credit cards, without annual fees?
Upside Card has the best prepaid credit cards, without annual fees. YOu can get your Visa prepaid debit card online at www.UPsideCard.com
What Canadian banks offer prepaid credit cards?
Several Canadian banks offer prepaid credit cards. They include TD Canada, Scotiabank, and BMO Prepaid, among a few others.
Do prepaid credit cards build credit?
Unless it says it, they most likely won't, because they act like debit cards. There are a few prepaid credit cards out there that report to the credit bureaus. See related link for more information.
Are prepaid credit cards better than a regular credit card?
In an economy where personal debt is becoming an increasing problem, prepaid credit cards offer many advantages of regular credit cards without the disadvantage of debt. A prepaid credit card is an excellent option for budgeting without letting go of the freedom that a credit card provides.
