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What Is A Prepaid Card?

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Free issued Prepaid Credit Card##*

With so many companies offering prepaid cards as an alternative to credit cards and debit cards, who do you use? Compare prepaid cards today. Compare free prepaid credit cards that are available. A free prepaid card is when you do not have to pay an application fee. You will still need to complete the online application form and produce your ID. Some have an application fee and some cards are based on you loading the card upfront with no additional costs. By getting a free prepaid credit card you can test if it suits your requirements long term.

What Is A Prepaid Credit Card?

Generally, a prepaid card is used for making payments and can be easily loaded with the desired amount of money by the cardholder. A prepaid credit card looks similar to a common credit or debit card along with a signature lining, the company branding, and the card number. However, these prepaid credit cards are a bit different from the normal debit or credit card in a sense that they do not provide the cardholder with the facility of a line of credit. Usually, these cards are Prepaid Maestro card or a Visa MasterCard.

Prepaid credit cards are completely in control of the user and the account for the particular prepaid card can be conveniently opened by giving a deposit to the credit card company. The deposit, in turn, serves as the credit limit of the prepaid card. As per the requirements and desire of the user, the particular amount of money can be added to the card and the amount deposited in the account can be further spent by the user.

In case the cardholder tries to spend more than the actual limit of the prepaid credit card, the action is denied. In a way, these types of credit cards work as the best option for those who are looking forward to building credit.

Features Of Prepaid Credit Cards

Another striking quality of the prepaid credit cards is that the user cannot avail the service of borrowing money but can use the respective Maestro or Visa MasterCard in any part of the world. As these prepaid credit cards can be easily used by the cardholder, there are a few attractive features that come along with these cards. They are:

Telephone shopping
Mail order shopping
Land based shopping
Internet or online shopping
Topping up amount in mobile phones
Paying bills

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