Advantages And Disadvantages Of A Prepaid Credit Card

To a person with bad credit, the prepaid credit card seems to be their lifeline in the financial world as it is one of the few credit cards they are entitled to. This is because to get a card credit prepaid
By: shena
 
April 19, 2009 - PRLog -- No bills to pay with card credit prepaid
Moreover, they can be used worldwide and do not charge you interest like the interest regular cards charge. The reason you are not charged an interest for using the card is because you cannot spend more than the limit set by the card and the amount of money you deposit for the card. So with no interest charges, there are no bills for you to pay every month.

And in case your prepaid card expires, with balance money in the account, you can always transfer the balance from one card to another. However if you choose to do this, do make sure you do this after you read the terms and conditions of the different card companies
This is because different companies have different terms and conditions to be followed. So with the card credit prepaid card offering you so many benefits, and financial freedom, a person with bad credit rating still has something to look for in life!

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Source:shena
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