Pre-Paid Credit Cards

I have only had one credit card that cost me a annual premium and that was the card I established credit with. After one year of using that card I closed the account and destroyed the card. From that time forward I have never kept a single credit card that cost me any money. Ever! In fact that only cards I use regularly pay me money for using them. I carry balances on two credit cards but they are both 0% interest as long as I make minimum payments, which I always make more then the minimum as they record and rate you based on if you pay minimum or more then minimum. Those two different levels effect your credit score therefore I will always pay at least one dollar more then the minimum for the positive benefit on my credit score. Other wise the cards I reach for in my wallet are the ones that pay me money for using them and those cards I always pay the entire balance off every month. If you do these things you will never have a problem buying a house of getting credit for things you need in life.

I had a prepaid credit card at one point. it was called Green Dot. Same deal 9.95 to activate it and a 4.95 a month charge. I think in my opinon it is completely worthless. having a Bank account has more value than these things do. My advice.. get a bank account.. if you cant find out why and fix it. I just did and I am ever so happy about it :)

Never used cannot tell but anyway thanks for the information

I don't really like using credit cards no matter how convenient they are. Maybe I just want to pay things in cash and not go through the hassle of paying credit card interests, etc. But for other people, it is really very useful.

You should see if this counts towards your credit rating. If you have a bad one make sure it does. Otherwise that $4.95 per month you're spending isn't really doing anything for you. You may as well have it count towards something. Yes, regular credit cards can cause trouble. People think of them as income and don't realise what they are truly meant for.

It's a matter of what you are comfortable with. I think pre paid cards can be a little limiting, as far as renting cars or hotel rooms, etc. But, in the end if it increases your credit rating and all the other benefits that having a credit card gives, then do what you have to do.

I think that idea is better than the kind of credit card that gets you into debt myself!!! In this day and age with computers you almost need a credit card of some type and the Pre-Paid may very well be the answer.

I have several of these cards and they are invaluable. You can load them all over the place and they are just a much smarter way to go for saving and carrying cash. They are the same as cash at any retailer and a lot safer than carrying cash. I always use the example to my friends "if you drop $1000 in a strip club do you think you would get it back, a card with a $1000 on it looks just like a card with $10 on it and since they can't use it most people will return it to you. Even if they don't you cancel it and get a new one but your money is safe in cyberspace."

Awww, I can't believe they charge you. I had a gift card from discover and I was able to add to it when it would get low. That urks me that they charge you for something you are paying in advance for. But for a person that doesn't like the regular credit card, I think that will suit you, then.

with what you did, it's like you pay your credit card on time. If i were you, get a credit card instead. It's a matter of discipline in knowing to pay your debts... and knowing how much you can spend...

i hope things are never bad till you are able to manage them. so you amy like the idea as far as you are able to manage that 4.95 a month. but cards chage too heavily once you forget to pay them their monthly charges. so remember that thing always. moreover, sometimes they had a lot of hidden cost that you are likely to miss in case you are not pretty aware.

Never used them, but thanks for the head up. I though about getting one for my 9 year old, she wanted a credit card. I'm not getting one now

I don't have this type. I have regular one. What I hate most is these credit cards company keep sending me the application to apply for one. I hate credit cards. Whatever you do, never get a household credit card (HSBC). They are terrible. I don't have one but my parents do.

No I have never used a pre-paid credit cards, they are always up to scamming more money out of people and trying to take more money from people, but $4.95 a month seems ok better than the normal credit card, I think that the pre-paid credit card would be a lot better than paying the normal credit card.

Ive never used them before but i was thinking about it just because i have bad credit so its really not an option for me to have a regular credit card. I like the idea too that you cant spend whats not on there as well, i really dont like credit cards but there have been some good deals on the internet that ive passed up because i dont have one so im starting to think about it but im not sure if ill go that route or if ill go to a secured card, thanks for the heads up that there might be a couple hidden charges in there though, ill make sure to check out the find print before i make a choice +

You might want to try getting the "American Express" and other gift cards they sell at stores, I don't think they charge those types of fees and you can use them online, actually I got one from my work as an award and had no problems doing those things and had no fees.

I have never used any prepaid card. It ends up costing more than it is worth. I don't like using ordinary credit cards either. I prefer to pay cash or use my debit card which I have a seperate bank account for so that I have my savings in another account without risking losing money. That way I just put money into that account only when I need to pay for something via my debit card. The less paperwork to process the better.

Most prepaid credit cards from reputable companies have the one time purchase, then they have a per use fee plus interest, just like a regular card. They should be open for use at stores, ATM's etc right from the git go. If it says prepaid it is most likely going to cost you more than what is termed a secured card...A secured card is simply a card you draw on deposits made to an account, then make payments as though it were a regular card, including interest. If you are satisfied with the current contract by all means continue with it as is...if not look into secured cards at your local banks.

pre-paid carts: good when everything goes good, bad when something goes wrong!

Ilost 13 cents I will cry