Friday, September 5, 2008

Usefulness of Prepaid Credit Cards

When asking the question about the usefulness of prepaid cards, this author came up with these answers:

- No credit checks so having many will not affect your credit score

- While abroad you can withdraw money in the native currency

- Can’t go into debt!

- Safer for online use since Hackers can’t charge an exorbitant amount

- And you can obtain one even with bad debt!

What are other thoughts you have about the pros and cons of prepaid cards?

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