Free prepaid credit cards offer a new approach to handling your money – a card with no debt, no interest and no credit checks. You can load a free prepaid card up with money, which you can then use for all the things you would use a credit card for. More and more companies are offering this debt-free form of card so be sure to compare the deals available for their charges and fees.
Features of a free prepaid credit card include:
- You can use them for all the things you’d use a normal card for – paying bills, making purchases, withdrawing cash and internet shopping, among others.
- They are easily accessible with no credit checks.
- You are only spending money that you already have, so no worry about getting into debt or interest rates on the balance of a prepaid credit card.
- It can be a great way to control the spending of children or employees, giving them a card with a prepaid amount on them with all the flexibility of a normal credit card.
Not all prepaid credit cards are free, some charge an application fee, monthly service charge, ATM withdrawal fees and other charges, so compare prepaid credit cards to make sure you find the best one.