Prepaid Debit Card | Prepaid Credit Card | Prepaid Mastercard

Want to be able to pay electronically, but have poor credit?

A Prepaid Mastercard could be the perfect answer.

A Prepaid Mastercard is not a credit card - but a prepaid debit card, which is a type of plastic that works completely differently to a credit card.

What’s a credit card?

A typical credit card is where the card provider gives you a credit limit - basically a permanent loan. Every time you use the card, you draw down a part of that loan. You then need to make a payment towards the debt each month or pay it all off.

To get a credit card you usually need to have and regular income, a good credit rating and be either a homeowner or long-term tenant.

The danger of credit cards is that unless you exercise self-control, it’s easy to chalk up debts that you have no chance of ever repaying.

How is a prepaid card different?

The Prepaid debit card has the look and feel of a credit card ... but there's one big difference - it carries no credit and debt risk with it.

Some of the advantages of a prepaid card are:

• being able to shop and pay electronically without the risk of debt
• you can buy goods and services over the internet
• reduces your need to carry cash around
• no need for a bank account
• have your wages paid direct to your card account
• getting a card even if you have significant credit history issues
• you control your spending by loading only limited amounts on the card at any one time

To use the prepaid card, you have to load money onto it in advance … so you can only spend what's on the card.

You can load money on to the card through a PayPoint outlet, although some providers offer an e-bank account that works with the card, so you can load the card electronically.

It can be used to pay for things through various stores, restaurants, machines meaning you don't need to carry as much cash around. It also means you can purchase things on the internet, and pay less than on the high street.

As no credit is involved, no credit check is required before a prepaid card is issued.

To find out more ... or apply online today ... click Prepaid Mastercard now.