Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

How To Find The Right Prepaid Credit Card


Published on

Tired of carrying cash? Can't get a bank account? Got bad credit? Want to have a way to rebuild it? Visit

Published in: Economy & Finance, Business
  • Be the first to comment

  • Be the first to like this

How To Find The Right Prepaid Credit Card

  1. 1. ==== ====Guides and Tips for Credit Repair ====Prepaid credit cards, also known as prepaid debit cards, are becoming popular among peopleunable to qualify for a checking account or credit card. With all the card options, its always helpfulto know what you are doing before you go out and get a card.Often, people look at prepaid credit cards as being all the same; however, different cards havedifferent types of fees, features and services. This article will guide you through the process offinding a prepaid card that is right for you.Step One: Identify Card UseIf you are in the market for a prepaid credit card, the first thing you should do is identify why youare getting the card. Will you be using it on a regular basis? Or will it only be used for specialoccasions? The majority of cardholders use prepaid cards to handle their personal finances, suchas paying for groceries, bills, and other necessities. On the other hand, some people like usingprepaid cards for special occasions, such as vacations, traveling, and online shopping. Identifyinghow you will be using your prepaid card will help narrow down your card options.Step Two: Identify Card FeaturesFrom the previous step, you identified how you plan on using your prepaid card, now you need toidentify what card features you are looking for. ATM withdrawal and direct deposit is commonamong most prepaid credit cards and usually a necessity; however; some features, such as SMStext alerts and short-term loans, are more of a luxury and only offered on select prepaid creditcards. For example, a card with higher deposit limits and free bill pay may be more importantfeatures if youre using the card to handle most of your personal finances, but not as necessary forsomeone using it just for vacation. Make a list of features you need, a list of features you want,and a list of features you can deal without. This will come in handy when you begin searching cardoffers.Step Three: Identify Card FeesThe last thing you will need to identify when choosing the right prepaid credit card are the fees.Every card is set up differently and has its own fee structure. Not all prepaid cards charge thesame type of fees, but some of the more common fees you can expect to see are: activation fees,monthly fees, bill pay fees, ATM fees, and transaction fees. Identify all the possible fees you canexpect to pay along with an ideal and maximum amount you are willing to pay for each fee. Thisstep helps by set a budget for how much you are willing to spend on your prepaid credit card.Step Four: Card Comparison Sites
  2. 2. Now that you have an idea of what you are looking for in a prepaid credit card, it is now time tostart shopping around to find the card that fits your needs. With so many prepaid cards available tochoose from, it can be quite time consuming searching through so many card offers online, this iswhy card comparison sites are so useful. Most credit card comparison sites have categories forprepaid credit cards, but since these sites are formatted for traditional credit cards, the prepaidinformation may not be as useful. It is better to use a card comparison sites that are designedprimarily for prepaid credit cards. These websites are great information resources for finding theright prepaid card; you can compare prepaid credit cards, read card reviews, and get informationon a variety of prepaid credit cards without searching the internet for each card individually.Step Five: Apply and ReviewNow that you have used a prepaid card comparison site to find the prepaid card that matches whatyou need in a card and what you are willing to pay, all you have to do is apply. Once you haveapplied for the prepaid card that is right for you, write a card review on the prepaid cardcomparison site that you used. By writing card reviews, you can contribute to the community ofprepaid card shoppers by sharing your own personal experience with the is a card compare website designed exclusively for prepaid cards. Read prepaidcard reviews from the sites editor as well consumers like yourself or submit a review of your own.Compare prepaid credit cards side-by-side, up to 5 different cards at a time, or use the prepaidcard calculator to find a prepaid card that fits your needs.Article Source: ====Guides and Tips for Credit Repair ====