Prepaid Credit Cards - Guaranteed Acceptance
- Credit cards with no Credit Check
- Credit cards with no Debt
- Credit cards with 100% Guaranteed Acceptance
The media seems to be full of programmes and articles looking at the
financially savvy credit card customers who move between card suppliers
to take advantage of the interest-free balance transfer period that
are currently on offer. Why pay high interest rates to card company
'A' when card company 'B' will give you a fresh start with a brand new
card and up to 6-12 months interest free on your transferred balance?
It's an easy way of saving money if you can get a credit card in the
first place, but not if you're one of the millions of customers who
have experienced credit problems and get regularly turned
down for a loan or credit card.
Credit Cards with 100% guaranteed acceptance - no credit searches
It used to be simple - if you didn't have a good credit history, then
you couldn't get a credit card. Shopping on the internet or making a
large purchase without having to pay with cash was not possible for
some. In the past couple of years though, an alternative to the standard
type of credit card has become available. It's called a Prepaid card
and is much easier to obtain than an ordinary credit card - in many
cases the card issuers can offer 100% guaranteed acceptance.
There are no credit searches involved with a prepaid card, no complicated
or lengthy application processes, and with some prepaid cards you don't
even need to be 18. Prepaid debit card uses
When you apply for the card you will need to provide identification,
but as a rule you won't have to agree to a credit search because the
card doesn't actually offer you any credit - it's really a prepaid debit
card. As its name suggests, you need to pre-load the card with money
before you use it. This can be done in a number of ways - by transfer
from a bank account for example, or by paying in cash at a nominated
outlet.
The prepaid card is accepted in most of the ways that a normal card
is, but unlike a credit card because you pay before you make a purchase,
you can't exceed your credit limit.
You can use a prepaid card to pay your bills, transfer money, top-up
your phone, internet shopping and with the prepaid Visa or MasterCard
you can also withdraw cash from an ATM.
This means when you go abroad you can use the ATMs, and some card providers
even offer 0% foreign exchange fees. Make sure you check rates etc before
you go and check which ATM's are free for you to use as otherwise you
may be landed with hefty fees.
A prepaid card also provides extra security if you are buying over
the internet as you can load it with just enough cash to cover your
intended purchase so that even if your details are stolen, you have
less to lose.
A good advantage to a prepaid credit card is that you can apply for
an additional card for a member of your family, and many use it for
their teenage children. It can be reassuring to know that they have
quick access to money if they should need it.
Depending on which type of card you use, you may have to pay a sign
up fee and/or a monthly fee, but there are cards around which are either
free or have very low fees.
Additionally, some cards make a charge for cash withdrawals from ATMs,
but if you read the 'small print' and make sure you understand all the
costs involved before you make a decision, you'll find that a prepaid
credit card can be a useful addition. Top up cards have the convenience
of a credit card without the debt worry.
Credit Card Debt too High
Refinancing by incorporating all your debts into one loan - a Debt
Consolidation Loan - can reduce your monthly payments and enable
you to take control of your finances. There's no obligation, no catches,
no charges and the whole service is 100% confidential. Call us now on
0800 043 7474 or complete the enquiry form and one of our experienced
advisors will call you to discuss your requirements.
Loansite is a Limited
company based in Cardiff, UK.
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