Prepaid credit cards

Prepaid credit cards Not everyone has the kind of good credit rating it takes to qualify for a credit card. If you have past credit problems such as bankruptcies, repossessions, or even divorces, you may not meet the stringent qualifications that credit companies use to determine who receives a line of credit. Even smaller credit blemishes, such as a history of late credit card payment, can result in a denial from a credit card company when you fill out an application. Fortunately, there is a way to get started on a brand new credit road without the best credit history. Try applying for a prepaid credit card. What is a prepaid credit card? You can use a prepaid credit card anywhere and any way that you would use a standard credit card. Many people use a credit card payment for utilities, online services, or other scheduled monthly bills. People also commonly complete online purchases, reserve rental cars or hotels, and bid on online auctions using a credit card account. But if you don't have a standard credit card, you can use a prepaid credit card to do all these things and more. Several lenders offer prepaid MasterCards or Visa cards that look exactly like the regular cards. A good place to find prepaid card offers is online. Simply enter prepaid credit card into the search box on your search engine page and start exploring your options. You can fill out the lender's application online and open an account within a matter of days. As part of the prepaid account, you will be required to deposit a minimum balance to kick start your line of credit. Once your account is open and your application is complete, you can use your card to charge items up to the limit on your account. As long as you make your credit card payment on time and for the minimum balance, you keep your line of credit. Pros