It is very common for people to have prepaid credit cards today. Most people that have one usually are unable to obtain a regular credit card because of their low credit score. For more information: http://www.badcreditresources.com/what-you-should-know-about-prepaid-credit-cards/ Connect with us: Like us: https://www.facebook.com/BadCreditResources Follow us: https://twitter.com/BadCreditExpert G+: https://plus.google.com/u/1/b/117978576535187359303/+Badcreditresources/posts

1. What You Should Know
about Prepaid Credit
Cards?
by:
www.badcreditresources.com

2. There are certain things you
should know about prepaid
credit cards…

3. www.badcreditresources.com
There are many good, as well
as bad, aspects to consider

4. www.badcreditresources.com
Let’s look at a couple of those right
now…

5. Does it have a recognized mode of
payment?
Most merchants
accept regular
credit cards, and
usually prepaid
credit cards are
no different.
On the Internet,
some merchants
have different
policies than those
in the real world, so
you might want to
check with them
you for using your
prepaid debit card
online.
Is it linked to a bank account?
Many prepaid credit card issuers require you to have a checking or savings
account connected to this type of card, though it is not always the case

6. www.badcreditresources.com
No credit check required
If you have bad
credit, or no
credit history at
all, the no credit
check policy
can help qualify
almost all
prepaid card
users that apply
This type of
card cannot
help you rebuild
your credit
because they
do not report
account
activities to any
of the major
credit bureaus.
These cards
are re-
loadable.
They can be
reloaded by
using your
checking or
savings
account,
transferring
the funds
directly.

7. www.badcreditresources.com
Large use fees
Some of the prepaid credit
cards out there will charge a
large fee for using their plastic.
If there is a famous person on
your card, more than likely there
will be large fees whenever it is
used.
There is also a monthly
maintenance fee which can be
as high as $10, and an activation
and set up fee that must also be
paid.

8. www.badcreditresources.com
Prepaid credit card rewards
If you have the READYdebit Platinum
Visa Prepaid Card, be prepared to pay a
monthly fee of $14.95, which adds up to
almost $180 every year just use the
card.
Before you sign up for a prepaid
card with rewards, make sure that it
is worth all of the fees that you will
end up paying.

9. www.badcreditresources.com
Card protection options
If you happen to lose your card, or if it
is stolen, many prepaid credit cards
will give you a new one, plus the
original balance, yet not all of them do
this.
You should also realize that prepaid
cardholders are not protected in the
same way that regular credit card
users are, which means you may have
to personally dispute fraudulent
purchases made on your card.

10. For more information:
What You Should Know about Prepaid
Credit Cards
http://www.badcreditresources.com/what-you-should-know-about-prepaid-credit-cards/
Related Article:
How You Can Benefit from Credit Cards for
Bad Credit
http://www.badcreditresources.com/how-you-can-benefit-from-credit-cards-for-bad-credit/