Prepaid credit cards

A prepaid card is not a credit card but is used like one. The advantage of a prepaid card is that it avoids racking up debt because all purchases are paid for beforehand. With prepaid cards, the credit limit depends on how much money is transferred to the card. Most prepaid cards charge fees, including monthly fees, application fees, over-the-limit fees, cashpoint withdrawal fees and more. Be sure to thoroughly look over the terms before applying.