subject: Prepaid Cards - An Alternative To Cash [print this page] Prepaid Cards - An Alternative To Cash Prepaid Cards - An Alternative To Cash
If you never had been any credit card then it is very difficult for you to differentiate between credit card , debit cards and prepaid cards as they almost looks similar and mode of transaction to make purchases without cash or checks is also same. Unlike credit cards, one cannot be get buried under the debts with a prepaid card, nor have prepaid cards anything to do to your bank account like debit cards. If one is purchasing gifts with zero balance on the prepaid cards such gifts transaction will be automatically discarded from your accounts.
If one is already using a credit cards then he/she will find the working of these two almost same. With the hassles free and risk free money clearance of your payments making prepaid cards immensely popular in The UK nowadays.
UK is the one of the largest prepaid card user in the world as many credit cards holders switch to prepaid cards service because of risk free payment from accounts. One will find prepaid card a safe option as compared to carrying cash and is good alternative to credit cards and debit cards. Prepaid card come printed with your name on the card with CHIP and Pin. Credit cards holders will find slightly changes in prepaid credit as looks similar.
One will find prepaid credit cards good alternative in lieu of bank traveler check.
One can make best use of these invaluable tools if she/he understands how to manage or control your finance. Undoubtedly, wise use of these cards provide ones a peace of mind, financial freedom risk free, increased buying valuable products and last but not least helping in securing your future. A good guide is one of a series on PRACTICAL MONEY SKILLS FOR LIFE. To make shopping through your prepaid card one need to deposit a certain amount of sum to your prepaid credit card.
In the UK, most people like to make payment through plastic, both offline and online. Many people who are computer illiterate face lots of challenge with plastic card. A prepaid card is good alternate of credit card. If you are worried for your overspending with credit cards then you must opt for prepaid cards.
Getting a prepaid card is hassles free and easy process. One needs to deposit money from your account, payments at your local post office to your prepaid credit cards.
Kind of prepaid credit card in UK
Reloadable cards -
Gift cards -
Teen cards -
Travel cards -
How do prepaid cards work?
If you purchase something online and make payment through prepaid credit cards, then that amount is subtracted from your prepaid card accounts. Once your prepaid credit balance is touches zero. It is useless for you unless and one can throw this card. It is reloadable card, in which case one can add money and continue using it.
Many companies in UK are using prepaid credit cards to deliver wages, child support and other benefits etc.
Prepaid Cards Features:
Flexible payment option
low transaction fees
which includes free bank loads and UK purchases
It is one of the safest ways to shop online or by phone and in person.
in-store and for cash withdrawals
There is full security for your chip & PIN
No transaction fee on Point of sale purchases and you can also manage your account online.
Pay bill
Withdraw cash from an ATM or bank
Reloadable
How to Protect Yourself And Your Money
Once you get your prepaid credit cards it is upto you to keep yours hard earning money safe. Here is how you can.
