Prepaid cards – who uses them?

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People with bad credit history who have been refused bank accounts or credit cards can benefit from a prepaid card. Someone with poor credit ratings can have wages paid onto their card or use it like a normal credit card when making purchases More...

or electronic payments.

Persons under 18 can benefit from a prepaid card in a number of ways.

1) They have the ability to make purchases which previously required a credit card
2) They can learn the value of budgeting
3) Gain valuable experience in using plastic for purchases
4) Stay within a limit dictated by their parents.

Prepaid cards are a source of security for the budget conscious and those who have difficulty living within their means. People who are suffering from debt problems or are trying to save money can rely on a prepaid card to restrict their spending to affordable amounts. For credit card users who find mounting interest rates stressful, a prepaid card can take the worry out of money.