If you're someone with imperfect credit you may have trouble getting a traditional credit card.
Or, you may only be offered one that has severe terms.
This can be an inconvenience since it's not always practical to carry cash.
What you can do is obtain a prepaid credit card that doesn't require a bank account.
The cards are great because they provide the holder with all the uses of a credit card without having perfect credit.
The cards can be used anywhere like a traditional credit card.
Prepaid credit cards are exactly that.
The card holder loads the card with a certain dollar amount before using it.
The arrangement is ideal for those who want to put a cap on their spending.
It gives them a way to buy things they need but not overspend.
Prepaid cards are often used by those who have been through a bankruptcy.
It helps users reestablish their credit history and shows creditors that they can be financially responsible.
The credit card provides all the function of a traditional credit card while leaving users within their budget.
If you're in the market for a prepaid credit card you shouldn't take the first one you see.
It pays to shop around for the best deal.
The best prepaid card gives you all the things a regular credit card would, such as reward programs and online access.
Prepaid cards are accepted virtually everywhere and can be used in an ATM for easy cash withdrawals.
Look for lenders that provide credit cards with no annual fees or transaction fees.
They should also offer free customer support online or with a toll free number.
There are even prepaid cards that have wireless alert services for card holder.
This enables you to keep track of your spending and notifies you when you reach a predetermined amount via text messages or email.
This lets you buy what you need and maintain your budget.