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Credit Cards - Why Prepay?
With prepaid credit cards, you get the practicality of plastic
while choosing exactly how much debt to charge. By taking charge
of your personal financing, you determine your own limits, to the
penny, and change them any time you need to.
There are many prepaid credit cards on the market these days,
sometimes also labeled pre-funded. They're all reloadable,
functioning like a prepaid card for the telephone, and they offer
the gigantic benefits of no credit check and no annual interest
fees.
Easy to get online or in a store near you, these prepaid
credit cards are the wave of the future cashless society. You
simply use your own money to buy stuff. That way you're not
borrowing from anyone; you're just using plastic instead of cash.
And there's no way to get into debt with them...when you run the
limit you set, they run out, so you can't overspend even if you
want to.
Use your prepaid credit cards almost any place where
MasterCard or Visa cards are accepted, without racking up any
interest charges whatsoever.
Got kids? A prepaid credit card makes a great instructional
tool and present. Buy them one for an initial setup fee (usually
from $5-50), and let them pay the smaller fee to renew it when it
runs out. Explain that if they let it lapse they have to start
all over again with a much larger fee than if they simply renewed
in a timely manner. Suddenly, your kids become financially
responsible!
Pre-funded cards are not a bad way to keep your own finances
in line either. Just come up with the initial scratch and you're
on your way to enjoying the ease and flexibility of plastic
again!
© Gunnar Berglund
Gunnar Berglund has been working on the Internet for about five
years and runs http://www.global-prepaid-cards.com
since September 2003
MORE RESOURCES:
Credit - Google News
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