Prepaid Credit Card

Prepaid Credit Card

What is prepaid credit card?

Prepaid credit card is a widely accepted credit card except that you don’t need to have your personal credit reviewed.  Anyone can buy a prepaid credit card, pre-load it and you can use it to spend on internet or real life shops.

Advantages of prepaid credit card

  1. As it is prepaid, no one can charge more than you have loaded in the credit card so you have minimized your loss no matter what happened.
  2. Privacy.  There is no credit card statement so your gf/wife won’t find on your bill.

Disadvantages of prepaid credit card

  1. The credit limit is constrained by how much you have loaded into the card.  You can spend more if you want to until you top it up.



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