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There is no interest on a prepaid credit card. With a prepaid card it is like having cash. You have an amount on your card (for example $500) and you purchase an item for $30 you would then still have a credit of $470 on your card. This can be topped up when the funds run low.
What else can I help you with?
What are some criteria to use when comparing rewards credit cards?
When comparing rewards credit cards the interest rate is a key factor to compare. If you are going to keep a balance on the card then you should choose the lowest interest rate card otherwise the rewards will not be worth having the card. Also the amount of rewards and types per dollar spent should be considered.
Gas credit cards are they really worth it?
Yes, gas credit cards provide extra bonuses that will provide extra mileage for your car. You'll end up saving more money using that credit card for gas with the small bonuses. When you have a credit card solely dedicated to gas it'll be worth it in the end.
Where can I get the lowest rate on a credit card?
The lowest rate on a credit card depends on ones credit status, location and the company that the credit card is offered with. Visa, Sainsbury's, Natwest, Royal Bank of Scotland, Halifax and MBNA offer some of the lowest interest rate credit cards on average. It is always worth shopping around on a 6 monthly or 12 monthly basis as deals are often fixed at a low interest rate for just a short period of time.
Can you resell prepaid gift cards and where can you do this?
Gift Card Rescue is a website that helps you cash in your gift cards. You tell them which store you have a gift card to and how much it's worth. They will give you a quote, and if you agree you can mail it in to get the cash for it.
What is a First Savings credit card?
A First Savings credit card is a credit card that you can get if you have really bad credit. However, the interest rate is almost 30% so it isn't worth it.
What are some benefits of using a Discover gift card?
A Discover gift card is a prepaid card that can be accepted at any retailer that accepts Discover credit cards. They provide the convenience of a card without worrying about interest. However, Discover cards cost more than they are worth, unlike most gift cards, so buyers should use caution when purchasing.
What are the interest rates for corporate credit cards?
There isn't a set interest rate for all corporate credit cards. Right now, most "business class" cards have interest rates between 11% and 19%. The cards with the lowest interest rates also have the fewest perks available (cash back, frequent flier miles, etc). If you pay off your card every billing cycle, it's worth looking into a card with a higher interest rate that also offers perks that will be useful to you.
What are some criteria to use when comparing rewards credit cards?
When comparing rewards credit cards the interest rate is a key factor to compare. If you are going to keep a balance on the card then you should choose the lowest interest rate card otherwise the rewards will not be worth having the card. Also the amount of rewards and types per dollar spent should be considered.
How many credit cards can one have?
0, they arent worth anythng :)
Gas credit cards are they really worth it?
Yes, gas credit cards provide extra bonuses that will provide extra mileage for your car. You'll end up saving more money using that credit card for gas with the small bonuses. When you have a credit card solely dedicated to gas it'll be worth it in the end.
Where can I get the lowest rate on a credit card?
The lowest rate on a credit card depends on ones credit status, location and the company that the credit card is offered with. Visa, Sainsbury's, Natwest, Royal Bank of Scotland, Halifax and MBNA offer some of the lowest interest rate credit cards on average. It is always worth shopping around on a 6 monthly or 12 monthly basis as deals are often fixed at a low interest rate for just a short period of time.
Can you resell prepaid gift cards and where can you do this?
Gift Card Rescue is a website that helps you cash in your gift cards. You tell them which store you have a gift card to and how much it's worth. They will give you a quote, and if you agree you can mail it in to get the cash for it.
What is a First Savings credit card?
A First Savings credit card is a credit card that you can get if you have really bad credit. However, the interest rate is almost 30% so it isn't worth it.
Is there any collectible value in expired credit cards?
no unless they are really old then they would be worth some money
What Consumers Need to Know About Zero Interest Credit Cards?
The words "zero percent interest" always garner attention. Everyone wants a credit card with a zero percent interest rate. What could possibly be better than borrowing money and getting to pay it back in installments, without paying interest on the amount? Unfortunately, there's more to zero interest credit cards than many people would think.How Zero Interest Credit Cards WorkWhen a credit card is said to have an interest rate of 0%, credit card companies are talking about the introductory interest rate. Many credit card companies offer new customers a 0% APR, usually for six months to a year, to thank them for opening an account.This can be a huge perk, especially if you have other credit cards with high interest rates. Many consumers take advantage of introductory periods by transferring the balances of other cards into the new account. While you will be subject to balance transfer fees, the savings may be worth the additional cost if you are paying a lot of interest each month.Unfortunately, a 0% introductory APR can also blind consumers to the negative aspects of their new credit card. Many people see the 0% interest rate and fail to notice that this rate will skyrocket after the introductory period is over. While zero interest credit cards can be great during the introductory period, if the APR isn't going to stay low, the card may not be a good choice over the long term. Consumers also need to consider the card's annual fees, late fees, and whether the card offers a rewards program.How to Avoid Getting Sucked in by a Low Introductory APRThe only way to avoid getting sucked in by a 0% introductory APR is to find out what you're getting yourself into. Before accepting the card, determine what your interest rate is going to be after the introductory period is over. Also determine what fees you will be expected to pay to maintain the account. A high annual fee may cancel out any savings incurred during the introductory period.It's also important to avoid accumulating a large balance just because you aren't paying interest. Once your introductory period is over, you'll have to begin paying interest on any remaining balance. If the balance is high, this may significantly affect your monthly payment.If zero interest credit cards are used strategically, they can be hugely beneficial. For example, an introductory period is a great time to make a large purchase, as long as you can afford to pay it off before the period ends. Unfortunately, unless you do your homework, you may end up with a credit card that costs you more than it's worth.
Advantages Of a Prepaid Credit Card?
The use of "plastic" money is prevalent in society now. But not all types work the same. One of the categories is a prepaid credit card, also known as secured credit cards. Each card may have a different set of features than any other, but the following are generally standard to all of them. There is no credit check to receive this type of card. Instead, a deposit of money is how the account is initiated. The amount can vary from $300 to $5000. As this money is issued by the card holder, rather than loaned by a bank or financial institution, there are several benefits. Because the money is not borrowed, there are no interest fees. This can help greatly with following a budget. Unlike credit cards, making purchases does not end up being more than the original price. Annual fees, on the other hand, may or may not be charged. Some cards give the option of waiving the fee, if a certain balance remains on the card at all times. There may also be service fees for special features, such as protection plans. It is impossible to "max out" a prepaid credit card. Because the account is paid in advance, only that money can be used. Once the balance reaches zero, the card can no longer be used until another deposit is made. The usage of this kind of card is as convenient as an unsecured credit card. The ability to make reservations for hotel rooms, airline flights, rental cars and other such services is applicable. Purchases as large as furniture, electronics, or as small as a daily coffee are also possible. In general, this method of using money is more secure than with cash. Many cards have a protection program that can be utilized if the card is lost or stolen. There may be a small fee, but it would be worth it for the potential of otherwise losing hundreds of dollars at once. Building credit is probably the best reason to have a prepaid credit card. There are various reasons for having no credit for reasons of being younger adults, or bad credit from bankruptcy, or poor credit from simply making unwise decisions with an unsecured credit card before. Not all cards have this option, however, so it is best to research each before applying.
No Fees- Go Prepaid?
If you've been keeping up with the news, you know the controversy surrounding the additional fees that go along with credit and ATM cards. Consumers are accusing banks of nickel and diming their customers out of millions each year in user fees for the privilege of withdrawing their own money. In an effort to skirt the problem, the emergence of prepaid credit cards has drawn in a host of customers who want the convenience and safety that comes with using plastic. Whether you're spending locally or internationally, you can enjoy a new level of independence. The most appealing feature of the prepaid credit card is the fact that it comes with the MasterCard or Visa logo, although now, a number of companies like Discover and American Express are offering their own version. Consumers can use the card to do everything from pay bills and shop online, to withdraw cash from ATM's. It has also become an increasingly popular option for receiving your pay check or government benefits. As far as budgeting goes, because the money is withdrawn right away, there's no danger of overspending. But, prepaid credit cards also charge fees, which can run as high as $8.00 a month, so it's worth it to shop around. Because of the intense competition between consumer financial products, prepaid credit cards are beginning to offer price breaks for things like direct deposit, which relieve you of monthly fees. Some even give you purchase rewards that let you accumulate enough points to earn travel miles and discounts on merchandise. Another popular selling point is a credit to your account when you activate your card. Although the amount rarely tops $10, it's enough to draw in new customers. As far as convenience and safety goes, most prepaid credit cards come with a 24 hour customer service number and website that allows you to conduct business when you want. If you're worried about someone accessing your account, the risks are the same as any regular credit card, so make sure you take the proper precautions. Overall, prepaid credit cards are becoming the new standard, and with an increasingly financially savvy public on the rise, it looks like they have a bright future.
