Featured Offer
Credit cards can be both a curse or a blessing. Knowing where to look is the key. We have found the place for you to go to.
Prepaid Debit Cards and Credit Cards
Prepaid debit cards are different from a debit card that is tied to a checking account. What are the differences? Here is a brief summary of the benefits of owning a prepaid debit card.
A prepaid debit card doesn't have any of your personal information on it. Although you won't have your name on your card, you also won't have to worry about your identity being stolen through your use of the prepaid debit card. It truly enhances your security, especially while shopping online.
Prepaid debit card enthusiasts like the decreased risk of identity theft and the ability to receive a prepaid debit card without worrying about a credit check. These are often cited as prime examples of the reasons people should consider using these cards. Anyone who has ever tried to book a hotel reservation without a credit card can certainly understand why everyone, even those with a less than perfect credit history, will find the ability to use a credit card helpful.
You can also use a prepaid debit card as a budget tool. Think of it as the envelope system of budgeting with a debit card instead of cash. You simply load a portion of your budget onto the prepaid debit card and use it until it's out of money. Since there is no credit line attached to the prepaid debit card, you won't have to worry about spending too much.
Common Questions
- Can I apply for a credit card?
If you're 18 years of age or older (the age limit might be lower in some states) and are a U.S. citizen, you...more - Do I have to have a bank account to get a credit
card?
In most cases, credit card companies won't consider issuing credit to someone who doesn't have...more - Is it necessary to have a bank account with
the bank that issues the credit card?
Not in most cases. As long as the credit card issuer can determine your credit worthiness, it doesn't matter where your...more - Can I apply for more than one credit card at
a time?
You can apply for as many credit cards as you want, but you should be aware that multiple credit card applications can...more - What about bad credit?
There are lenders who specialize in providing credit cards for those with bad credit. Commonly known as secured credit cards, you might need to...more
