Prepaid cards are a great way to make purchases without going into debt or over a fixed limit. They are perfect for those individuals who need to manage their money effectively.
A prepaid card is not actually based on credit. It is based on the money that you have previously stored on the card for your use. Thus, although the transaction process is similar to that of normal credit cards, the money that you are using to make the purchase is your own.
If you want to use a prepaid credit card to make your purchases, you first need to find a co-branded card program that you can avail to get the card. Many stores collaborate with banks and MasterCard or Visa to provide prepaid credit cards and you should contact them if you are in need of one.
Prepaid credit cards make good gifts for teenagers as it teaches them to make purchases within certain limits. If you have been given a prepaid credit card with a co-branded card program, here are a few ways to use it for your transactions:
Retail Stores. Go to any retail store where you want to make your purchase and select the items that you want to buy. Always remember the total amount of money stored on the card, as you will not be able to make purchases that exceed the limit. Once you have chosen your merchandise, give your card to the cashier, who will swipe it and charge it. You will also be given a receipt for the transactions and you might be asked to sign one copy of the receipt for the store's records.
When You Visit a Gas Station. In times of emergency, when your car almost runs out of fuel, that is when your prepaid card comes in handy. You can swipe the card or ask the gas station's attendant to help you make the transaction.
For Online Shopping. Buying goods online becomes incredibly easy and safe with a prepaid credit card. The payments are quick and efficiently performed and as most online shopping sites are secure, you do not have to worry about identity theft. For online shopping however, it is best to have a card that is part of a co-branded card program.
For Utility Bills. You can also use your prepaid credit card to pay your monthly utility bills with ease. You can pay the bills online or in person, the choice is yours! Simply enter your card number online or ask the attendant at the counter to swipe it with a credit card machine and the bills are paid.
A prepaid card is not actually based on credit. It is based on the money that you have previously stored on the card for your use. Thus, although the transaction process is similar to that of normal credit cards, the money that you are using to make the purchase is your own.
If you want to use a prepaid credit card to make your purchases, you first need to find a co-branded card program that you can avail to get the card. Many stores collaborate with banks and MasterCard or Visa to provide prepaid credit cards and you should contact them if you are in need of one.
Prepaid credit cards make good gifts for teenagers as it teaches them to make purchases within certain limits. If you have been given a prepaid credit card with a co-branded card program, here are a few ways to use it for your transactions:
Retail Stores. Go to any retail store where you want to make your purchase and select the items that you want to buy. Always remember the total amount of money stored on the card, as you will not be able to make purchases that exceed the limit. Once you have chosen your merchandise, give your card to the cashier, who will swipe it and charge it. You will also be given a receipt for the transactions and you might be asked to sign one copy of the receipt for the store's records.
When You Visit a Gas Station. In times of emergency, when your car almost runs out of fuel, that is when your prepaid card comes in handy. You can swipe the card or ask the gas station's attendant to help you make the transaction.
For Online Shopping. Buying goods online becomes incredibly easy and safe with a prepaid credit card. The payments are quick and efficiently performed and as most online shopping sites are secure, you do not have to worry about identity theft. For online shopping however, it is best to have a card that is part of a co-branded card program.
For Utility Bills. You can also use your prepaid credit card to pay your monthly utility bills with ease. You can pay the bills online or in person, the choice is yours! Simply enter your card number online or ask the attendant at the counter to swipe it with a credit card machine and the bills are paid.
About the Author:
The perfect prepaid credit cards are the ones that are associated with a co-branded card program. So fund your prepaid card with a fixed amount today, and go for the nearest mall, without the doubt of over expenditure!
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