Prepaid Credit Cards are a great choice if you are not able to get a normal Credit Card. This can either be because of your age or because of your credit history.
However, Prepaid Credit Cards are a great alternatively to the traditional Credit cards as you can use them in all the same places. They are accepted wherever the traditional ones can be used €“ whether for booking a hotel online, pay the bill in the shop or restaurant.
Although they are called Prepaid Credit Card, they don€™t really provide a credit limit. You will get an online account via which you can transfer money from your bank account on your card. Afterwards you can only spend the amount you’ve put on it before.
This is the main advantage of these cards. You don€™t have to worry about getting into debt. Due to the missing credit limit, Prepaid Credit Cards are available for everyone.
But be careful: Some of the prepaid card providers charge you a high fee for charging your card. Don€™t forget there are two different kinds of prepaid cards. One is the €œPay as you go€ and the other one is a €œPay monthly€ tariff. For this reason you have to take your time to find a cheap and suitable card for you.