Thursday, April 2, 2009

What is a prepaid credit card?

Prepaid credit cards act like standard bank credit cards but, in reality, are more like debit cards.  With prepaid cards, the cardholder determines the credit line. Generally speaking, a cardholder’s credit line depends on how much money he/she transfers to the card.  Therefore, there is little risk of running up credit card debt, while budgeting is made easier.  Be sure to thoroughly look over the terms and conditions for each specific credit card before filling out the credit card application.  Look for the credit card services you need and then choose the new credit card that fits your needs.

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