Wednesday, December 26, 2007

Why You Should Use A Prepaid Credit Card?

Prepaid credit cards have been growing in popularity over the past few years. But despite the 'credit card' name, no credit is actually involved. Here?s how it work's.
When a standard credit card is used, you pay for the convenience of being able to purchase items without saving the money up first. The issuing bank is basically lending you money , to be repayed on a regular basis. But with a prepaid credit card, there is no line of credit or loan. Instead, the user will make deposits to their bank account, and then use the credit card to withdraw that money for purchases. Why would you use a prepaid credit card if you don't actually get any credit?
A prepaid credit card is a excellent choice if you want to be able to make purchases online without taking the r View the rest of this article


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