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Prepaid Credit Cards
Prepaid credit cards offer more advantages in some way than traditional credit cards. The balance is restricted by the amount deposited in the account. There are no interest charges on prepaid credit card. These cards are usually used for purchases, travel including hotel reservation and car rental, cash access at ATMs, emergency needs, electronic payments, employee wages and expenses, gift giving.
You can use prepaid cards anywhere MasterCard or Visa cards are accepted: at gas stations, restaurants, stores, theaters, in the mall and online. You can make rental car or hotel reservation and also access cash at ATM's. It is excellent for special occasions and everyday purchases. Unlike traditional credit cards, there are no late fees, no finance charge or debt accumulation. Such types of cards are perfect for budget conscious people, parents, students, those looking for a great gift idea, those with no credit history or bad credit history.
Because of popularity of prepaid cards with consumers, a great variety of services and products have been generated. Each of the following prepaid products offers its own unparalleled set of technological and operational complexities.
There are a lot of benefits of using them: no need to worry about monthly payments, you decide how much you can spend per month, they may not help build a credit score, but they can certainly protect from going into debt, they help you learn the fiscal responsibility.
You can flexibly manage your money with MasterCard and Visa Card prepaid cards. They are also known as stored value cards. The payment should be made in advance to the card company. One can recharge them for using once again. Some fees are associated with these cards. Thus, when applying, you should be aware of each card’s disclosures and fees.
Bank Freedom Prepaid MasterCard®
- A Card for EveryoneSM
- $0 monthly fee with Direct Deposit; $0 Activation fee; Low fees; 100% Guaranteed Approval; No credit check; Free unlimited purchase transactions; Free customer service: compare and save money; Free card account alerts: email or SMS text messages; Free Direct Deposit: No more check cashing fees
- No interest fees, No late fees, No NSF fees; Pay bill from card account: phone, rent, utilities and others.
- Intro Purchase APR - none
- Intro Balance Trans. APR – none
- APR as low as - none
AccountNow® Prepaid Visa® Card
- The Bank Account You Carry in Your Pocket
- Instant Guaranteed Approval: no security deposit, no credit check; Free Direct Deposit: no more check cashing fees; $0 Activation fee: when you load your card by direct deposit; Free Credit Builder: bill pay transactions reported to PRBC; Free Online Check Writing: no need for expensive money orders; Reloadable balance limit of $10,000; No Overdraft Fees : no minimum balance required
- Intro Purchase APR - none
- Intro Balance Trans. APR – none
- APR as low as - none
Wired Plastic™ Prepaid Visa® Card
- Prepaid Visa with Rewards
- Rewards Program: For every $1 spent earn one point, redeem for Music Downloads, Prepaid Wireless Airtime, LD Calls
- Accepted worldwide anywhere Visa debit cards are accepted
- No overdraft charges, bounced check, and NSF
- Bill Pay Service: pay anyone over the phone or online, even if they don't accept credit cards
- Add cash instantly or free direct deposit at over 100,000 retail locations nationwide
- Intro Purchase APR - none
- Intro Balance Trans. APR – none
- APR as low as – 0%
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