How to Get Free Prepaid Credit Cards (1)

For those of you who may not know, a prepaid credit card is like a credit card or debit card with some important differences. You load funds in to an account for the card before you spend any funds or otherwise use it so you cannot go in to debt with this card or spend funds you do not have. The issuer of the card is not giving you any line of credit, but you can continue replenishing prepaid cards with funds. Because Visa and MasterCard back these cards, they work like credit


or debit card at any store or ATM. You can pay bills online or over the phone. However, you are always spending your own funds than that of the credit card company that issued it. Because of this, you will never face bounced check fees, over the limit charges or finance fees.
If you are looking to receive a prepaid credit card because you do not qualify for a bank account, the last thing you require is to be paying a bunch of fees to spend your own funds. Another trick of a number of the less reputable prepaid credit card issuers is to charge high application fees. Before you pay out, you ought to watch out - because such is not necessary. There's plenty of companies offering nice deals out there for you to fall in with four that is not trustworthy or that takes advantage of its customers' unfortunate financial situations. In fact, with some smart consumer shopping you ought to be able to find a prepaid credit that is either free or close to it.