Prepaid Visa Credit Cards - A Closer Look

Credit cards have been very useful for almost everyone

, whether for business or personal use.Business owners, students, ordinary employees and even retirees are finding it very convenient to use. However, we cannot avoid the fact that it also have disadvantages.

Do you consider yourself as an over-spender or someone who can't control spending as far as shopping is concerned? If yes, a credit card may not be the best choice because of the high interest rates and late penalty fees. You can opt to get a prepaid visa credit card instead.

What is a Prepaid Visa Credit Card and Its Advantages?

Prepaid visa credit card is a Visa card you can use to make purchases everywhere Visa debit cards are accepted just like a traditional Visa card. People can get a safer feeling when going out or even traveling to other countries because they don't need to bring cash with them.

A traditional Visa card allows you to purchase items and pay for them at a later time. On the other hand, a prepaid Visa credit card can only be used if you have available funds in your account. Let us discuss other advantages of using a prepaid visa card:

A great way to avoid over-spending. You are only allowed to use the amount you have pre-loaded on the card. You can easily manage your finances and gain full-control of your expenses.

You can make withdrawals from any ATMs worldwide.

You can easily make purchases everywhere as long as they are accepting Visa cards. It can be from stores, online or by phone.

Business owners can use prepaid visa credit cards to pay for their booking fees, hotel reservation, etc.

Car owners can use it to purchase gas.

It is very easy to check and keep track of your spending. You can access your account online.

How to Get a Prepaid Visa Credit Card

1.Visit your bank to open a prepaid credit card account online. The Visa card issuer will charge you a considerably low fee to process your application. Unlike a traditional credit card where the applicant's credit history is reviewed, anyone who wants to open a prepaid account gets approved instantly.

2.Activating your new prepaid visa card is usually done by registering online or by phone. You can also ask the issuer for instructions.

3.Create a Personal Identification Number (PIN) so you can use your card at ATMs worldwide.

4.You can now start using your prepaid visa credit card to pay your bills or purchase items. Checking your card balance can be done by phone, online or at any ATM. Be sure to reload your card so you can use it anytime you need it.

Note: If you are planning to rent a car, it is important to ask the car rental representatives if they accept prepaid credit cards because some car rental companies do not accept this mode of payment. Also, not all prepaid card issuers report payments to the three major credit bureaus. Remember that credit reporting is important if you want to establish credit history or build up credit rating.

Copyright (c) 2009 Tara Tiemann

by: Tara Tiemann

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