Sunday, March 22, 2009

PrePaid Debit Cards

These are prepaid cards where the consumer puts a certain amount on a card carrying the Visa or MasterCard logo on them. Prepaid Visa & Prepaid MasterCard can be used anywhere that regular credit cards are accepted. Prepaid cards issued to a specific person, but are replenishable. Most of prepaid Visa & prepaid MasterCard cards require NO credit check or other verifications. Some prepaid debit cards offers cash back or rewards programs, other allows you to win big prizes in sweepstake programs. Another benefit is the ability of the cardholder to rent vehicles, make purchases online, and make cash withdrawals. Most of the prepaid credit cards allow direct deposit, so the user will not have to pay check-cashing fees.

Advantages of PrePaid Debit Cards

Accepted anywhere just like regular credit card.
Reports to major Credit Bureaus (Experian, Equifax, and TransUnion).
No Security Deposit. Bad Credit or No Credit OK.
No bank account required. No employment required.
Send money to family and friends, FREE!
No bill at the end of the month.
No check cashing fees.

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