subject: Get Credit Card Relief With Prepaid Cards [print this page] Teenagers and adults alike seem to think that credit cards are life preservers when they need or want a little cash for something. But many people havent tried prepaid cards that put you in control, with no debt and a lot less worry. Prepaid cards are a safe and reliable alternative to credit cards and most people have never even heard of them, much less used them. They can be useful for teenagers, college students, and parents. Prepaid cards can keep everyone financially aware and responsible, so that everyone is being money conscious. The following is a list of benefits of prepaid cards that could save you money, give you peace of mind, and get you on the road to credit card relief.
Benefit 1 Budget Friendly
For those trying to curb their spending, a prepaid card can offer you the credit card relief you need by letting you pre-assign the amount youre comfortable spending. You figure out in advance how much youll put into the card, and nothing beyond that can be spent; that means no over-drafting. They can keep everyone one the same page financially, which ensures wiser spending. Additionally, they help parents breathe easier as they send their kids away to school or with friends. Spending is controlled by how much money is loaded into the card, and that means no surprises. Prepaid cards also provide a simpler way to keep track of money versus carrying cash, since you can always check your balances online or by phone.
Benefit 2 Safer than Cash
Unlike losing that twenty-dollar bill, with prepaid credit cards you can often be protected from unauthorized transactions if the card is stolen. A prepaid card can be replaced if lost or stolen, whereas cash cannot be replaced, so there is no recovering your losses. You might want to consider a prepaid card if you easily lose or misplace things, but make sure youve chosen a card that offers added security benefits like stolen money reimbursement.
Benefit 3 A Financial Teaching Tool
Prepaid credit cards help you or your teens learn financial responsibility and important money management skills. Prepaid cards are hands-on tools that can teach teens about finances in a controlled environment. You or your kids can monitor the balance by telephone or going to the password-protected website to review transactions or statements. This way, your children are not learning about credit cards the hard way with interest and debt, but they are learning how to be responsible and aware of their financial decisions.
Benefit 4- Added Security
If you are still uncomfortable giving the numbers of the card on the internet, a prepaid card is the answer. Since the card can be charged only up to the value of the pre-loaded amount, thieves cannot make an excessive charge using your card, and many companies offer theft protection that will reimburse the money that was stolen from you. Whether the card gets stolen or the number is used online, you dont have to worry about your losses.
You may want to consider the benefits of prepaid cards if youre seeking credit card relief and more control of your financial future.
