Recently in Prepaid Credit Cards Category

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.