Recently in Prepaid Credit Cards Category
Anonymous prepaid credit cards are fantastic holiday gifts (or anytime gifts, really) that allow your friends or family to save face and get some much-needed money. Let me tell you a little story. As a kid, my parents, through no fault of their own, lost their jobs. Our family struggled, and a close relative tried to give us five hundred bucks to tide us over.
To my parents, that was the ultimate blow to their pride. Not only did they refuse the money, they were angry at that family member for years. What was meant as a kindhearted gesture became a family rift.
Anonymous prepaid credit cards are perfect for these situations.
I frequently get the question: why would anyone want an anonymous prepaid credit card? Isn't that basically a debit card? And isn't half the point of a credit card to establish a solid credit history -- in your own name?
Well, yes. But there are people out there who want to remain off the grid. I'm not talking about criminals, I'm talking about regular, ordinary people who don't want the government, their favorite charities, or the places they shop tracking their transactions. If that describes you, an anonymous prepaid credit card is your ticket to privacy.
A lot of people like the idea of anonymous prepaid credit cards. They work much like a debit card or gift card: you load them in advance and use them for spending online or anywhere else you might use a credit card.
The nice thing about anonymous prepaid credit cards? Identity protection, of course. With an anonymous card, no one can track your personal information. Some people also dislike the fact that traditional credit cards lay their financial history open to government perusal. After all, why should your purchases be a matter of public record?
With graduation approaching, you may be looking for the perfect gift for your not-so-little angel. Have you considered gift credit cards? They make fantastic presents for just about anyone, and they let the recipient make their own choices.
Free prepaid credit cards -- they really are the holy grail of the prepaid credit card world. The question is... do they actually exist? Before you go buying into the first free prepaid card you see, there are some things you need to know.
Prepaid credit cards are gaining popularity as gifts and as tools for managing personal finance. The premise behind prepaid credit cards is that they are activated via the addition of funds, which are then depleted with each purchase until the card is "empty." Unlike gift cards, which can only be used at the issuing store, prepaid credit cards are accepted anywhere that a particular credit card is accepted, giving the recipient more flexibility with regards to the purchase choices. This also makes them an ideal way to control monthly spending.
Since the purchases made with a prepaid credit card have already been funded with a cash deposit, it is not possible to overspend your cash reserves with overzealous credit card swipes (when they need to be paid off later!).
Prepaid credit cards are all over the place. You can't visit a local drug or grocery store without seeing them. The question is, are they a good idea or are they just another way for big business to get hand on your cash? Before you purchase any prepaid credit cards, there are a few things you need to know.
