Post by sandi66 on Apr 2, 2011 11:14:30 GMT -5
Prepaid Credit Card Guide
Reloadable Prepaid Credit Card Offers -
Visa or Mastercard Deals
Prepaid Card Basics
What is a prepaid credit card?
Is prepaid credit card for you?
Benefits of prepaid credit card
Why do you need a prepaid credit card?
FAQ
You get the independence you deserve, with the built-in spending controls of a pre-paid card.
What is a prepaid credit card?
A prepaid Visa or prepaid Master card can be used like any other credit card to make purchases. With a prepaid card, however, you load funds onto your card and use that money to make purchases and get cash -- you are not borrowing money from a bank or other financial institution. The prepaid credit cards look, feel and work like a credit card but are pre-funded "stored-value" cards. This allows you to set spending limits for you or your kids.
Safe: safer than carrying cash
Efficient: no interest charge
Convenient: pay everywhere Visa or MasterCard is accepted
Who needs a prepaid credit card?
Parents
Students
Budget minded people
Credit challenged people
The prepaid credit cards can be used for:
Purchases
Money management for young adults
Travel including reserving a hotel and rental car
Emergency needs
Cash access at ATMs
Employee wages & expenses
Electronic payments
Gift-giving
How does a prepaid credit card work?
It is a pre-paid, reloadable card can be used anywhere Visa or MasterCard is accepted -- at stores, gas stations, restaurants, theaters, in the mall and online. Making a hotel and rental car reservation is a snap. You can also access cash at ATM's. The card is great for everyday purchases, special occasions, and emergency back up.
Unlike a credit card, though, each purchase is deducted from the pre-paid balance on the card. Best of all, because it's not a credit card, there are no finance charges, no late fees, and no accumulation of debt.
accepted anywhere a Visa or MasterCard is accepted
can be used to withdraw cash from an ATM.
relodable
Why do you want to use a prepaid credit card?
Safer than cash
When cash is lost, it is gone forever. However, if your prepaid credit card is ever lost or stolen, you're protected by Visa or MasterCard's no liability policy.
Budgeting
You set the spending limits by the prepaid amount loaded on the card. Prepaid credit cards make it easy to get your spending under control and shop wisely.
Teaching tool
Parents can sign up for their teens: they set spending limits by loading the card with a certain amount of money and monitor where their children are spending it. Prepaid card meets the spending needs of teens and helps develop responsible financial behavior. With online tracking of purchases, parents and teens can discuss spending and budgeting
A range of budgeting and payment options are available for young adults, and families can choose based on convenience and flexibility.
Who needs a prepaid credit card?
Prepaid credit cards are ideal for:
Budget-conscious people
People who want to limit their spending limit.
Parents
Parents who want to teach teens how to create a budget, manage money, and shop wisely.
Students
Teenagers who don't have budgeting skills yet.
People with bad or no credit history
People with damaged or no credit history
People looking for an excellent gift idea
Gift receipients enjoy freedom of their choice.
How is the prepaid credit card different from regular credit cards?
The prepaid credit card looks like a credit card - it has the Visa or MasterCard logo and hologram -and allows the convenience of cashless purchases like a signature-based credit card, with no PIN input required at the point-of-sale. However, it does not have a "line of credit" because it accesses pre-loaded money. You load funds onto your Card and use that money to make purchases and get cash - you are not borrowing money from a bank or other financial institution.
How is the prepaid credit card different from debit cards?
With debit cards you use within the limit of a bank account and money is withdrawn from a bank account as soon as payment is made. Usually, debit cards are not
accepted when you make a hotel or rental car reservation.
Prepaid Visa or Prepaid MasterCard is actually a pre-paid, reloadable card and completely separate from the checking or savings account. It is accepted wherever VIsa or MasterCard is accepted. Making a reservation for your travel is just like when you use the regular credit card.
Two Ways of Debit Card Transactions - Online or Offline
Prepaid cards are very popular
Prepaid cards have become more popular with consumers, and the prepaid card market has produced a variety of new products and services.
Prepaid cards include a wide variety of products, including gift cards, payroll cards, teen cards, flexible spending account cards, employee incentive cards, government stored-value cards, and disaster relief cards. Each of these prepaid products has its own unique set of economic, technological, and operational complexities.
Payroll Debit Cards Are Cost Effective and Convenient
Employer can save money and resources associated with payroll processing and distribution costs while employees benefit with the piece of mind of knowing that their wages are accurately and consistently deposited into their personal bank account.
Read more for Payroll Debit Cards
Prepaid credit card offers
Card Maintenance Fee Activation Fee Note
All-Access® Visa® Prepaid Card
no credit check $9.95
Per Month -
ATM Withdrawal $2.00
Wired Plastic™ Prepaid Visa® Card
no credit check $3.95
Per Month $9.95
ATM Withdrawal $1.95
Eufora™ MasterCard® Card
no credit check $59.95 Per Year - Cash Withdrawal Fee: U.S.: $2.00
International: $4.00
Evolution Prepaid Visa®
no credit check $5.95
Per Month $19.95
Domestic ATM Fee: $2.49
International ATM Fee:
$5.00
AccountNow Prepaid Visa® Card
no credit check
$3.95
Per Month $9.95-$29.95
Domestic ATM Fee $2.00
International ATM Fee:
$4.50
First Vineyard MasterCard® Card
no credit check
$6.95
Per Month $39.95
ATM Withdrawal $2.50
BuyRIGHT Prepaid MasterCard® Card
no credit check $4.95
Per Month $29.95
ATM Withdrawal Fee : $2.00
International: $5.00
Prepaid Visa® RushCard
no credit check $3.95
Per Month $9.95
ATM Withdrawal $1.50
Two Types of Prepaid Cards: Open and Closed -System Prepaid Cards
The popularity of prepaid credit cards is rising. Visa and MasterCard are issuing prepaid, or pre-denominated, stored-value cards, as they're called, that can be used anywhere Visa or MasterCard are accepted.
There are two different types of prepaid cards: closed-system and open-system prepaid cards. Closed-system prepaid cards are those issued by and redeemable at a single merchant (or merchant chain). Closed-system retailer gift card programs focus on a single application: providing a prepaid card product to consumers solely for making purchases at a single merchant or, in some cases, a group of retail merchants.
www.prepaidcardguide.com/
Reloadable Prepaid Credit Card Offers -
Visa or Mastercard Deals
Prepaid Card Basics
What is a prepaid credit card?
Is prepaid credit card for you?
Benefits of prepaid credit card
Why do you need a prepaid credit card?
FAQ
You get the independence you deserve, with the built-in spending controls of a pre-paid card.
What is a prepaid credit card?
A prepaid Visa or prepaid Master card can be used like any other credit card to make purchases. With a prepaid card, however, you load funds onto your card and use that money to make purchases and get cash -- you are not borrowing money from a bank or other financial institution. The prepaid credit cards look, feel and work like a credit card but are pre-funded "stored-value" cards. This allows you to set spending limits for you or your kids.
Safe: safer than carrying cash
Efficient: no interest charge
Convenient: pay everywhere Visa or MasterCard is accepted
Who needs a prepaid credit card?
Parents
Students
Budget minded people
Credit challenged people
The prepaid credit cards can be used for:
Purchases
Money management for young adults
Travel including reserving a hotel and rental car
Emergency needs
Cash access at ATMs
Employee wages & expenses
Electronic payments
Gift-giving
How does a prepaid credit card work?
It is a pre-paid, reloadable card can be used anywhere Visa or MasterCard is accepted -- at stores, gas stations, restaurants, theaters, in the mall and online. Making a hotel and rental car reservation is a snap. You can also access cash at ATM's. The card is great for everyday purchases, special occasions, and emergency back up.
Unlike a credit card, though, each purchase is deducted from the pre-paid balance on the card. Best of all, because it's not a credit card, there are no finance charges, no late fees, and no accumulation of debt.
accepted anywhere a Visa or MasterCard is accepted
can be used to withdraw cash from an ATM.
relodable
Why do you want to use a prepaid credit card?
Safer than cash
When cash is lost, it is gone forever. However, if your prepaid credit card is ever lost or stolen, you're protected by Visa or MasterCard's no liability policy.
Budgeting
You set the spending limits by the prepaid amount loaded on the card. Prepaid credit cards make it easy to get your spending under control and shop wisely.
Teaching tool
Parents can sign up for their teens: they set spending limits by loading the card with a certain amount of money and monitor where their children are spending it. Prepaid card meets the spending needs of teens and helps develop responsible financial behavior. With online tracking of purchases, parents and teens can discuss spending and budgeting
A range of budgeting and payment options are available for young adults, and families can choose based on convenience and flexibility.
Who needs a prepaid credit card?
Prepaid credit cards are ideal for:
Budget-conscious people
People who want to limit their spending limit.
Parents
Parents who want to teach teens how to create a budget, manage money, and shop wisely.
Students
Teenagers who don't have budgeting skills yet.
People with bad or no credit history
People with damaged or no credit history
People looking for an excellent gift idea
Gift receipients enjoy freedom of their choice.
How is the prepaid credit card different from regular credit cards?
The prepaid credit card looks like a credit card - it has the Visa or MasterCard logo and hologram -and allows the convenience of cashless purchases like a signature-based credit card, with no PIN input required at the point-of-sale. However, it does not have a "line of credit" because it accesses pre-loaded money. You load funds onto your Card and use that money to make purchases and get cash - you are not borrowing money from a bank or other financial institution.
How is the prepaid credit card different from debit cards?
With debit cards you use within the limit of a bank account and money is withdrawn from a bank account as soon as payment is made. Usually, debit cards are not
accepted when you make a hotel or rental car reservation.
Prepaid Visa or Prepaid MasterCard is actually a pre-paid, reloadable card and completely separate from the checking or savings account. It is accepted wherever VIsa or MasterCard is accepted. Making a reservation for your travel is just like when you use the regular credit card.
Two Ways of Debit Card Transactions - Online or Offline
Prepaid cards are very popular
Prepaid cards have become more popular with consumers, and the prepaid card market has produced a variety of new products and services.
Prepaid cards include a wide variety of products, including gift cards, payroll cards, teen cards, flexible spending account cards, employee incentive cards, government stored-value cards, and disaster relief cards. Each of these prepaid products has its own unique set of economic, technological, and operational complexities.
Payroll Debit Cards Are Cost Effective and Convenient
Employer can save money and resources associated with payroll processing and distribution costs while employees benefit with the piece of mind of knowing that their wages are accurately and consistently deposited into their personal bank account.
Read more for Payroll Debit Cards
Prepaid credit card offers
Card Maintenance Fee Activation Fee Note
All-Access® Visa® Prepaid Card
no credit check $9.95
Per Month -
ATM Withdrawal $2.00
Wired Plastic™ Prepaid Visa® Card
no credit check $3.95
Per Month $9.95
ATM Withdrawal $1.95
Eufora™ MasterCard® Card
no credit check $59.95 Per Year - Cash Withdrawal Fee: U.S.: $2.00
International: $4.00
Evolution Prepaid Visa®
no credit check $5.95
Per Month $19.95
Domestic ATM Fee: $2.49
International ATM Fee:
$5.00
AccountNow Prepaid Visa® Card
no credit check
$3.95
Per Month $9.95-$29.95
Domestic ATM Fee $2.00
International ATM Fee:
$4.50
First Vineyard MasterCard® Card
no credit check
$6.95
Per Month $39.95
ATM Withdrawal $2.50
BuyRIGHT Prepaid MasterCard® Card
no credit check $4.95
Per Month $29.95
ATM Withdrawal Fee : $2.00
International: $5.00
Prepaid Visa® RushCard
no credit check $3.95
Per Month $9.95
ATM Withdrawal $1.50
Two Types of Prepaid Cards: Open and Closed -System Prepaid Cards
The popularity of prepaid credit cards is rising. Visa and MasterCard are issuing prepaid, or pre-denominated, stored-value cards, as they're called, that can be used anywhere Visa or MasterCard are accepted.
There are two different types of prepaid cards: closed-system and open-system prepaid cards. Closed-system prepaid cards are those issued by and redeemable at a single merchant (or merchant chain). Closed-system retailer gift card programs focus on a single application: providing a prepaid card product to consumers solely for making purchases at a single merchant or, in some cases, a group of retail merchants.
www.prepaidcardguide.com/