Thursday, March 23, 2017

Reloadable Credit Cards – Are They Worth The Cost?

Reasons to Apply for Prepaid Reloadable Credit Cards

For those individuals who constantly encounter problems when it comes to credit card use, the most usual concern is overspending. Because with a piece of plastic at hand, a person can definitely purchase almost everything in almost all shops and stores around the world, as well as, the World Wide Web. Finacial providers give services to people by giving them a certain financial limit that is commonly more than three times their monthly salary. Due to this generous allocation, most credit card holders tend to spend more than what they could actually pay for every month. As an end result, a lot of individuals find themselves facing the problem of paying endless fees every month and the worst scenario might even include bankruptcy. Since having a poor credit history will make it difficult for individuals to apply for other credit cards and bank accounts, reloadable prepaid credit cards may be the answer to their problem.

The prepaid reloadable credit cards are now becoming more and more popular because of its ability to help individuals rebuild their credit. This kind of plastic works similarly to a regular credit card, but it provides many benefits to help people manage their finances and make the most out of every purchase. For those who routinely overspend, a reloadable card will drastically change a person’s spending habits making it an ideal tool when shopping. Because the user can put a limit to how much money their card will contain, he or she is assured that spending and shopping will always be within the attainable budget. These reloadable prepaid credit cards will enable individuals to shop and pay as if they are holding on to cash.

Most of these cards will only allow an owner to make purchases that amount up to the specific amount that has been loaded without the need for a bank account. However, there are some reloadable credit cards that are tied up with a bank account that makes reloading easier through online or phone banking features. When applying for such a piece of plastic, very minimal requirements are expected. Due to this, individuals, even those with poor, bad, or no credit history, are able to own a reloadable prepaid credit card. The providers are able to guarantee an approval as long as an individual can provide sufficient personal and contact information to establish their identity.

Individuals must always keep in mind that the providers of these reloadable credit cards have varying offers and services. There are those that would require fixed annual fees while others can ensure that they have none. Some offers will also require a one time application fee that would cover for the processing fees and special services or features that come in with the plastic. Since it is very easy to get an approval for reloadable credit cards, it can conveniently be attained just by going online to forward requirements and complete application forms. These forms will also include the specific conditions that the plastics have and the special offers that the provider can give.

Credit cards are known to be convenient means of shopping and every single owner should have a clear idea of how it works. In not knowing how a credit card functions, individuals may be unaware of the many benefits that they can enjoy with its use. Similarly, negative outcomes may be experienced when having a poor understanding on how they work. The reloadable credit cards also work very similarly to the regular ones bringing it to the sudden popularity among consumers world wide. But in knowing its actual features and systems, individuals will soon learn what advantages it could bring.

A Visa prepaid card or Mastercard prepaid card functions when its owner deposits or loads money into it. The amount that is deposited will directly dictate how much he or she can spend. If an individual discovers that the money in their account is not enough to make a certain purchase, he or she can quickly reload money into the account through the many partner establishments or with the help of the online facilities and phone banking services.

The different providers have varying abilities in sending funds into the account. There are some that are able to send the money being reloaded in real time, while others take up to thirty minutes or an hour before it would appear and can be used. Searching for the ones that would best suit what a person is looking for can help provide many benefits for every user. Some individuals are searching for reloadable credit cards which can be used for online purchases and other shopping endeavors. On the other hand, there are people who would simply want to have a piece of plastic that they can hold on to in order to pile up savings which they can use in case of emergency situations. Withdrawing money is also another option that some reloadable credit card providers offer its clients.

These cards may be used by different people of various ages and lifestyles. There are companies that take advantage of this offer by many providers by using reloadable credit cards as a part of their payroll system. Each employee is assigned with a personalized plastic that they use to accept the salary being deposited by their company every month. The employee salaries may either be used to pay directly at the cashier of merchants that accept credit cards such as MasterCard and Visa. There are also ATM machines that accept these reloadable prepaid Mastercard Card and Visa Card that enables employees to withdraw their salaries to get cash. This process of payroll saves companies hundreds of dollars every year because they do not need to pay the check encashment fees and checking account charges in many banks.

Parents may also make use of these reloadable credit cards as a way to send allowance to their children. Those students that are living in dorms can receive assistance from their guardians using these kinds of cards. This way, they are encouraged to manage their finances and develop their financial responsibility to prepare them for their future. The training that they are able to undergo using these reloadable credit cards they are capable of making the most of every dollar that they spend. This also helps principal credit card holders in keeping their credit history in good standing.

Since reloadable credit cards work through prepaid deposits and not on the credit or postpaid expenditures, there are no overdraft fees that people would worry about. But for some individuals, their main concern would also include the security and protection of their credit card. As a matter of fact, a reloadable credit card is more secure than regular bank credit cards. In case the card gets lost, individuals are protected just by informing the telephone banking service of the incident. And because the card only works when there are credits or funds deposited, thieves would not be able to drain the entire credit card limit. With this feature in mind, it is highly advisable that only minimal amounts are kept in the card especially during days when the credit card holder would not put it to use.

A prepaid credit card that is reloadable will definitely ensure a life that is convenient and secured because an individual is able to manage their finances well. But due to the limits that this credit card can provide, overspending will never be a problem again. A prepaid reloadable credit card is such a great solution to save individuals from all the concerns they have in the regular credit cards that they own.

Compare the Best Prepaid Reloadable Credit Cards:

Account Now Gold Visa® Prepaid Card at a Glance

Apply now for Account Now Gold Visa® Prepaid Card
  • Power of Prepaid Visa Card – Prestige of Gold!
  • No Credit Check – No Minimum Balance – No Overdraft Fees!
  • Free Direct Deposit – Free Bill Pay!
  • $0 Monthly Fee – $10,000 Balance Limit!
  • Exclusive VIP Customer Service with Direct Deposit!

Silver Prepaid MasterCard Card at a Glance


Silver Prepaid MasterCard card application
  • Guaranteed Approval – No Activation Fee!
  • No Credit Check or ChexSystems Check
  • Free Direct Deposit of your Pay or Government Check
  • The Perfect Card for Government/Benefits Checks Recipients
  • Free Account Alerts via eMail, SMS or Text Messages
  • Unlimited free Purchase Transactions anywhere where MasterCard Debit Card is accepted
  • Millions of ATM locations for International use

Prepaid Visa RUSHCARD at a Glance


get free prepaid credit card Diamond Card
  • Approval is Guaranteed – No Credit Check required!
  • Online Bill Pay
  • Free Paycheck, Benefits check, Tax refund Direct Deposit
  • Free Credit Builder to improve your Credit
  • Free Account Text Alerts
  • FREE Interactive Money Management Interface
  • Accepted worldwide at millions of locations all over the world – to make everyday purchases, shop online, pay bills, or to withdraw cash, -anywhere Visa Cards are accepted.

Vision Premier Prepaid Credit Card at a Glance


Get a Vision Premier Visa Prepaid Credit Card
  • Guaranteed Approval – No Credit Checks! Only valid ID needed, no credit check
  • Adding cash easily by using free Direct Deposit or use one of the 100,000’s of retail locations, for example Western Union, Money Gram Express Payment, Ace Cash Express, and more.
  • Use online Bill Pay Pay all your bills online with established major providers or cut a check to anyone.
  • Unlimited free purchase transactions
  • Get free account alerts via eMail, SMS or text messages
  • Use millions of ATM locations worldwide
  • Low weekly fee’s or free with Direct Deposit
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