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One option you might want to check out is a prepaid bank card, although it's a prepaid, it's designed for both parents and teens. As a parent, you can reload it and maintain control while giving your teen a sense of independence.
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∙ 15y ago
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What is the credit limit for a prepaid Mastercard.?
If you need to rebuild your credit then there must have been some form of negative feebback. You cannot get unlimited credit with a prepaid Mastercard. Prepaid Mastercards are debit cards that function like credit cards. You pay with cash and then use the card. It is not a good way to rebuild your credit.
Can you earn rewards when you use prepaid credit cards?
You can earn rewards when using prepaid credit cards, such as iTunes cards and iPhone applications, and some companies will even give you a $25 gift card, but you cannot earn the type of rewards regular credit cards give. For instance, you will not receive frequent flyer miles or points toward vacations with a prepaid card.
Can you get a credit card with no credit history?
Yes, there are some credit cards that offer credit even without a limit such as AccountNow, Prepaid MasterCard, Wired PlasticTM, Prepaid VisaCard, Centennial Secured CreditCard, The MangoTM MasterCard Prepaid Card and more.
Is it smart to get a prepaid credit cards for my teens?
Prepaid credit cards can be used to teach them some responsibility and get them ready for life as an adult; an obvious benefit is that they cannot go over the limit on a prepaid card. However, it would be wise to monitor their purchases with the cards to make sure they're being responsible.
How can I get hold of some prepaid credit cards?
You can purchase prepaid credit cards at a number of locations, including gas stations, drug stores, grocery stores, book stores. They are also available online; however, it is quicker to obtain these cards from a physical location.
What are some examples of free prepaid credit cards?
There are many free prepaid credit cards out there. The most popular is the Green Dot prepaid card. You can obtain these from most drug stores and places such as Walmart and Kmart. Others include American Express Serve, Ready Debit and Account Now.
What bad credit credit card has no annual fee?
While some credit cards that accept bad credit or no credit charge substantial annual fees and others are vague on their answers to that question until the application's fine print becomes available, prepaid cards generally charge no annual fee. Unfortunately, many prepaid cards do charge fees for every transaction.
What are some good pay as you go credit cards?
Some of the better pay-as-you-go credit cards are the Green Dot Card, the Wired Plastic Debit card, and the American Express prepaid card. These cards are the top three rated cards according to US News.
What is the difference between a prepaid and a regular Visa credit card?
Although the cards can be used in the same way, there are some significant differences in prepaid and regular credit cards. With a regular credit card, you make your purchases on credit and then pay your bill later. If you do not pay the bill in full each month, or are late making a payment, there will be fees accrued in the form of interest and late fees. With a prepaid credit card, you deposit money much the same way you would with a checking or savings account. Then when you use your prepaid credit card, the charges are deducted from your balance. When you start to run low on your balance, you can just deposit more money in your account. In this way, prepaid credit cards operate much the same as debit cards. You will probably have to pay an initial fee to set up your prepaid credit card account, but after that you avoid the possibility of interest and late fee charges. This is also a good way to rebuild your credit if you have had financial difficulties in the past.
Does American express prepaid cards work on eBay?
NO, though some sellers accept direct payments from credit cards. PayPal Australia does not accept AMEX.
Does the cash card charge my credit card?
Some cash cards can be set to automatically be 'filled up' from your credit card, and others act just like prepaid or reloaded cards. Look into the card specifics to be sure.
Which credit card companies offer prepaid gift cards?
Many credit card companies offer prepaid gift cards. Some popular ones include the following: American Express, Visa and Mastercard. Be aware of activation fees prior to buying one.
