If you need to make payments and you don’t want to pay with cash, for example online, and
you have been refused a credit card or a debit card through bank account, then it will be
better to consider getting a prepaid credit card.
There are no credit checks involved, so you are guaranteed of being granted the prepaid card,
it is perfect for you if you have a poor credit because prepaid cards do not come with credit
facilities. Most importantly, some prepaid cards offer you the chance to build your credit rating,
which has made prepaid cards very popular.
Popularly they are given as gifts, similar to a store voucher, because prepaid cards can be used
in millions of stores worldwide and are much more safer than carrying cash.
Below are helpful links you can use to find the best prepaid cards:

Eclipse – Prepaid Master Card

APS CashPlus – credit cards.

Tuxedo Card

Optimum

Bonus Offer:

Are Travel Money Cards Safer And Better Than Other Forms Of Payment?

When people plan to voyage beyond the borders of their country, they often need money. The problem is that the currency of their home country would not be that of the destination country. Thus, travelers essentially have three options to carry this money abroad:

1. Foreign currency—that is the home currency is converted into the destination currency, subject to currency exchange rates and commissions withheld by the moneychangers. Carrying cash abroad is risky as one can be robbed and travel insurance typically will not cover losses beyond a certain amount.
2. Credit cards/debit cards—enable the traveler to effect payments to retailers and to make ATM withdrawals in the foreign currency. However, currency exchange rates still apply, even though you are not expressly informed of these rates (which are even nastier). If you go beyond your credit limit, you could run into debt, requiring you to pay charges and interest rates. Even ATM withdrawals are charged. Carrying credit cards is also quite risky as proven by the numerous credit card phishing scams. Many people have lost their entire bank accounts in such frauds.
3. Travelers Cheques—are safe and easily replaceable when lost. There are no fees or charges but the cheques cannot be used everywhere. In remote places, the cheques are not easily converted into cash. Moreover, the exchange rates tend to be uncompetitive.

Travel Cards – a better way?

In recent years, a new mode of carrying cash has come into vogue: the travel money card. A travel money card is a pre-paid currency card. In other words, the card is topped up with cash (using the internet or the phone) and you can use this to make payments. Unlike the above means of carrying money, the travel money card has several advantages, as follows:

1. There is a fixed amount on the card; you do not risk running into debt.
2. There is no risk of running out of cash as the card can be topped up at any time.
3. It is easy to use (similar to a credit card with PIN).
4. If it is stolen, you only risk losing money on it. However, if you report the theft soon enough, some providers will provide a replacement card with money back.
5. There is possibility of obtaining better currency exchange rates with the travel money card than by changing cash.
6. The prepaid card can be used virtually anywhere in the world.
7. It is completely separate from the bank account so that no phishing scam or fraud can ruin you of your lifetime’s savings.

Travel Money cards offer a safe and convenient alternative to carry cash abroad. There may be fees applicable (e.g. ATM withdrawals and for topping up) but many providers are now lowering their charges.

Trackback URI | Comments RSS