More and more consumers are looking to prepaid credit cards during the current economic downturn to get the convenience of a credit card without the risks of credit card borrowing .
According to one financial services website, fairinvestment.co.uk, as many as 2.3 million people in the UK have prepaid credit card holders, and they predict a booming market of up to 10 million by 2010.
Phil Alcock of fiarinvestment.co.uk was reported as commenting: "You top up the card with money and then use it to pay for goods, safe in the knowledge that you can never go overdrawn or into debt . Prepaid cards can be used just as a normal credit card, so on holiday, you can use the card to pay for meals out, activities, petrol for the hire car and to withdraw cash ."







