Comments on: Whats the point in a prepaid credit card?

By: anon

anon — Fri, 01 Jan 2010 07:38:39 +0000

lots of points :-
people who don’t have a debit card or have one of those cash point only accounts and woul dlike to buy things online

parent so give to their kids for emergancies

to give to people as presents

to keep money on incase of emergancys

to take money on holiday

By: arbiter

arbiter — Thu, 31 Dec 2009 20:55:01 +0000

debit cards it is possible to go overdrawn because some shops have a ‘floor limit’ – below this their terminal does not go on line to check your balance.

With a cash card this cannot happen.

Also some people still cannot get bank accounts or bank accounts with debit cards or credit cards but can still get pre-paid cards
saves carrying cash and allows web-purchases

By: scalloper

scalloper — Thu, 31 Dec 2009 08:30:07 +0000

There is no difference, you can use your bank card for all purchases

By: spring_rainbows

spring_rainbows — Mon, 28 Dec 2009 00:23:59 +0000

The prepaid cards were brought out for the conscious shopper who didn’t want to use there credit card online in case of fraud. So they brought out the prepaid card, you set the amount and then you can shop online without the risk of running up a £10,000 credit card bill when someone stole your details. They were also aimed for the younger shopper, those who can’t get credit cards but need one to shop on places like Ebay or Play. Basically there a security measure to keep ypur personal credit card details safe from fraudster websites!!

By: Oh My What To Do!

Oh My What To Do! — Sun, 27 Dec 2009 07:48:56 +0000

Some companies dont take debit cards. It only really works if you want to buy stuff from on line and cant get a credit card for whatever reasons. I didnt realise you had to pay to get them though, I’m sure the site I looked as was free but I cant remember the name of it!!

By: Waino

Waino — Sat, 26 Dec 2009 06:33:34 +0000

good point banks need your cash so they will do anything to get it..spend money with us…then er spend it again????? but suppose a million people fall for the con at a tenner a throw…big bucks for the bank….

By: frustrated brit

frustrated brit — Wed, 23 Dec 2009 10:50:59 +0000

If u have a debit card there is no point if havin a pre-paid credit card we have the paypal one but that’s so we can transfer the money we make from ebay quicker.

By: Judy

Judy — Mon, 21 Dec 2009 06:05:15 +0000

Actually, that’s pretty close to what people do that do not carry a balance.

They pay off the balance each month, which is really no different than pre-paying it one month in advance.

Makes total sense to me.

Remember… most people do not carry a balance. Only poor people that become slaves to interest do.

By: louimckee

louimckee — Sat, 19 Dec 2009 18:28:44 +0000

there is none u might as well keep ur money in your account

By: richard k

richard k — Sat, 19 Dec 2009 17:43:05 +0000

The bank wins.No money loaned to you via card, and no bad debts as if there is no money on card you cant spend it. Good eh.