Prepaid credit cards: a small and smart card

A prepaid credit card is somewhat similar to that of a debit card. To use these cards the card user is required to deposit the amount prior using the card. There is no credit offered by the card issuer. You being card holder spend money that has been "stored" via a prior deposit by you or your partner. Perhaps, it carries a credit-card brand and can be used in similar ways just like a credit card.

Important transactions can be conveniently carried out without the fear of crossing your credit limit. There is no such credit limit set on these debit cards. You can spend as much as you want and have in your account. You can execute important financial transactions as and when you want. With these cards one can purchase grocery, pay off bills, consolidate debts, plan holidays, pay off other important bills, child's school fee and many other such obligations can be effectively carried out.

After purchasing the card, the you are suppose to load the account with any amount of money, usually up to the preset card limit only then the card can be used to do purchasing. Some companies offer prepaid cards to minors (above 13) since there is no lending of money involved. On these cards you are not charged with any interest but are often charged a purchasing fee along with monthly fees after an arbitrary time period. Many other fees are also usually charged on a prepaid card.

You can also get some good offers as introductory offers on these cards. Some companies offer cash back on your purchase and other such offers. This may make your credit buying decision totally worth it.

Anyone can apply for these cards and sort their life to a great extent. These cards can be applied online. But before applying check various terms and conditions and charges or additional fee on these cards in order to avoid any incongruity.

Prepaid credit cards are a handy alternative to your financial needs. You can carry out direct transactions through these small cards that can easily fit in your pocket!