Prepaid Credit Card

Dictionary Says

Definition of 'Prepaid Credit Card'

A card issued by a financial institution that is preloaded with funds and is used like a normal credit card. A prepaid credit card works in the opposite way of a normal credit card, because instead of buying something with borrowed funds (through credit), you buy things with funds that have already been paid. This card functions like a gift card.
Investopedia Says

Investopedia explains 'Prepaid Credit Card'

A prepaid credit card allows a person the convenience of a credit card without going into debt. You can use them to purchase items online or in person, but since you must load them with funds before using them, you never spend more money than you have. These can be effective tools to teach kids about credit cards without allowing them to irresponsibly rack up charges that they can't afford, or for those that have a hard time managing their finances and end up with tremendous amounts of credit card debt.

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Search results for

'Prepaid Credit Card'

  • Prepaid "Credit" Cards: Convenience At A Cost

    http://www.investopedia.com/articles/pf/09/prepaid-cards-convenience-at-a-cost.asp
    ... In practice, however, getting refunds from a prepaid company or a credit card
    company may not be as easy or stress free as it's represented. ...
  • How To Get A Credit Card Despite Bad Credit - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0112/How-To-Get-A-Credit-Card-Despite-Bad-Credit.aspx
    ... For example, if you want a $1,000 credit line, you send $1,000 cash to the prepaid
    credit card company, plus whatever small fees they may charge for the ...
  • Is Your Teen Ready For A Credit Card?

    http://www.investopedia.com/articles/pf/08/credit-card-teen.asp
    ... Don't be afraid to bring your kids back two steps from an unsecured credit card
    to a prepaid credit card or to jump ahead from a prepaid or secured card to an ...
  • 10 Considerations For Using Your Credit Card Abroad - Investopedia ...

    http://financialedge.investopedia.com/financial-edge/0711/10-Considerations-For-Using-Your-Credit-Card-Abroad.aspx
    ... of using your credit card internationally or if you want to keep yourself to a strict
    budget to avoid overspending, you may wish to use a prepaid credit card. ...
  • 3 New Types Of Credit Cards To Look For - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0112/3-New-Types-Of-Credit-Cards-To-Look-For.aspx
    ... Money Centers. Prepaid cards work well for those who cannot get any type
    of credit but still need a credit card. Some transactions ...
  • How Many Credit Cards Should You Have? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0711/How-Many-Credit-Cards-Should-You-Have.aspx
    ... 72.2% of consumers have a credit card. The average consumer who uses payment cards
    (a category that includes credit cards, debit cards and prepaid cards) has ...
  • How To Read Loan And Credit Card Agreements

    http://www.investopedia.com/articles/pf/08/agreements.asp
    ... the pesky fine print on credit card applications and ... Charge This number quantifies
    the cost of credit. ... on your loan application because prepaid finance charges ...
  • 8 Ways To Avoid Getting Burned By Prepaid Debit Cards ...

    http://financialedge.investopedia.com/financial-edge/0311/8-Ways-To-Avoid-Getting-Burned-With-Prepaid-Debit-Cards.aspx
    ... Prepaid debit cards are marketed as a solution for people who don't have
    checking accounts or can't get approved for a credit card. ...
  • Credit Cards: Should You Ever Pay An Annual Fee? - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0711/Credit-Cards-Should-You-Ever-Pay-An-Annual-Fee.aspx
    ... See Prepaid "Credit" Cards: Convenience At A Cost.) TUTORIAL: What To Know About
    Credit Cards. 1. The card offers a signup bonus that outweighs the annual fee. ...
  • Credit Cards For Kids - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0212/Credit-Cards-For-Kids.aspx
    ... greater control over how much your child can spend, consider a no-fee prepaid card.
    "Prepaid cards are another great way to give kids a credit experience, but ...

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