PrePaid Credit Cards

[Freedom Froggy]

can anyone who has them or ever used them tell me about them and your experiences with them?

im thinking of gettin a prepaid visa

 

[Bender]

the whole idea behind a credit card is having access to unpaid credit. it's like a loan, you borrow the money and pay any interest afterwards. credit cards don't require pre-payments.

 

[Freedom Froggy]

ok maybe you missed what i was asking or have never heard of prepaid CC

these are cards that have visa logos/mastercard logos or whatever on them and you load money/hard physical cash on them and are able to use them wherever credit cards are accepted. basically like having a debit card but you dont have to go thru a bank to get them

 

[SiGh]

If you have bad credit and are looking to build your credit then its worth it. You put the money on the card and then you buy things and pay it off.

But if you aren't using it for building your credit, its stupid. It serves the same purpose as a debit card issued from the bank. Except with the pre-paid credit cards, you have to actually PAY for the card itself AND the monthly fees and etc.

So your actually losing money while paying for a service you can have free via debit card from the bank.

FYI---the monthly fees suck balls & having to pay for the actual card itself.

 

[S O F I]

stay away from credit.

 

[Flipmo]

Credit cards are good if you're responsible with em, and know how to use em wisely.

 

[_carmi]

i don't get the point of prepaid credit cards unless your credit sucks

 

[Da_Funk]

They won't approve a felon, will they?

 

[SiGh]

They won't approve a felon, will they?

I dunno if that's a phunnies bcuz froggys been locked up or a serious question.

But I will answer it.

Anyone over the age of 18 with an ID can get themselves a prepaid credit card.

 

[Shadows]

^all i did was bank with a well known bank, open a savings, and put a few extra hundred in there. After 6 months, i applied for a credit card and they gave me one.

It was advice i got from the bank teller.

 

[Da_Funk]

I dunno if that's a phunnies bcuz froggys been locked up or a serious question.

But I will answer it.

Anyone over the age of 18 with an ID can get themselves a prepaid credit card.

It was a phunny.

I was implying that the banks won't approve him b/c he's a convicted felon and therefore has to resort to prepaid.

 

[Freedom Froggy]

funk u

anyways.. i said fuck it and went to wamu/chase bank and opened a free checkings.. free online banking.. debit card.. checks etc

but thanks for the knowledge

 

[Cooper]

i have a prepaid, and a normal credit card.