If you are worried about overspending, use a prepaid card to keep your expenses under control, as these cards provide the perfect money managing solution.
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.
In order to make credit transactions, you first need to purchase a prepaid credit card. Many banks, financial institutions, and even stores will provide you with the re-loadable card according to your requirements. Cards with co-branded card programs are also available for purchase from MasterCard and Visa.
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.
Online Shopping. Prepaid credit cards can easily be used to shop for a variety of merchandise online, especially if they are associated with co-branded card programs. All you need to do is make sure that the website you are purchasing from is a secure site and fill in the details of your card to complete the transaction.
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.
In order to make credit transactions, you first need to purchase a prepaid credit card. Many banks, financial institutions, and even stores will provide you with the re-loadable card according to your requirements. Cards with co-branded card programs are also available for purchase from MasterCard and Visa.
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.
Online Shopping. Prepaid credit cards can easily be used to shop for a variety of merchandise online, especially if they are associated with co-branded card programs. All you need to do is make sure that the website you are purchasing from is a secure site and fill in the details of your card to complete the transaction.
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 those that are linked with a co-branded card program. So load your prepaid card with a fixed amount today, and head for the nearest mall, without the doubt of overdraft!
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