Things to Consider When Looking for the Best Prepaid Credit Cards
September 7th, 2010 | 
Author: Prepaid credit cards are great for adults and teenagers alike. Bad credit, No credit, or you simply just like keeping your spending in check, a prepaid credit card is a great choice.
When it comes to deciding on what is the best prepaid credit card to get the choices can seem a little daunting at first, but with a little quick research you will be able to easily determine which card will suite you best!
Here are some valuable tips that will help you decide what is the best prepaid credit card:
1. Stay away from cards that have transaction fees! Especially if you plan on using the card regularly, this will deplete you balance in a hurry which is never a good thing!
2. You also want to avoid cards that charge an annual fee, there are many prepaid cards with NO annual fee.
3. Ideally you will want to find a card that has a monthly maintenence fee of $5 or less, but should absolutely be no higher than $9.95 per month.
4. You will need to load money onto your card, so make sure that load fees are $5 or less. Many prepaid cards will waive this fee if you have your paycheck direct deposited for example.
5. Most prepaid cards will require an activation fee, but many can be waived with use of direct deposit! Just check with the issuer of the prepaid card you’re applying for.
6. Look for cards that have referral programs! If you are going to use a prepaid credit card you might as well get a little something back right?
So what is the best prepaid credit card? It’s whichever one fits the criteria above.
Remember, no matter which one you decide to go with, that you will be building credit history, maintaining a reasonable spending limit, and avoiding unecesarry fees that are common with traditional credit cards!
The approval process is also painless as there are no credit checks, so even if your credit isn’t great you are still guaranteed 100% approval!
