According to recent reports on the credit card news, prepay credit cards could be the ideal solution to those people that want credit card functionality without the risks of credit card debt.
Prepay credit cards work very similarly to debit cards, however, they are accepted almost anywhere that will accept credit card brands. Prepay credit cards will only allow the account holder to spend however much money is in their account .
The cost of prepay credit cards depends on both the card provider and the type of card. Costs can include an application fee and a monthly service fee. Other costs can include cash withdrawals and transaction fees.
Prepay credit card a good finance solution, experts say
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Prepay credit card a good finance solution, experts say
Thu, 31 Jul 2008
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