The Benefits of a Pre-paid Credit Card For credit card holders, the concept of a prepaid credit card may be a new one. But, there are many advantages and benefits these types of cards have to offer, especially to new or younger credit card owners. Prepaid credit cards can teach valuable lessons in how credit cards work, and can put a stop to potential over spending. There are a number of types available to you, the only hard part is deciding which card you like best.
The Visa® Prepaid Cash Card is a payment card that can be given to anyone just like a gift certificate. It acts just like a regular credit or debit card and can be used anywhere Visa is accepted.
Instant Approval Guaranteed*
*The USA PATRIOT Act is a Federal Law that requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. You will be asked to provide documentation as proof of identification. "100% Approval" and "No One is Turned Down" is contingent upon successfully passing this mandatory identification confirmation.
No More Check Cashing Locations
Perfect for all your friends and family
Direct Deposit from your Employer
Low cost fees
No Credit Check or Bank Account Required
No Security Deposits
No Employment Verification
Set up Automatic Bill Payments from your Visa®
Eliminate check-writing hassles
Avoid late-payment fees
Save postage costs and time
The cardholder may only withdraw funds or make purchases up to the balance on the card.
You cannot overdraft the account. There are no late fees or interest charges.
Unlike traditional credit cards, the Impact Visa® Card helps you to budget your money wisely by not extending you credit. Instead, accounts are prepaid for a specific amount while still being backed by Visa® for universal acceptance. There is no line of credit and accounts are only good for the balance applied.
Can't get a debit card because you have no bank checking account? Apply for a pre-paid Visa card and use it like you would a bank debit card.
Need more credit card information? Read our financial and credit articles related to pre-paid credit cards.
Search our free credit help resources and apply for financial services. The credit crisis may have prompted stricter credit card company and loan lender approval standards, but poor credit people can still find bad credit financing.
