prepaid credit card

There are three types of people in this world: Those who can do math and those who can't.

If you're one of those people who can't do math, it may be best for you to get a prepaid credit card. That way, you won't ever overspend. Once you reach the limit on your prepaid credit card, you are finished. The end. No more spending. And no more running up debt you can't afford. It is great for those of us who can't do math.

A prepaid credit card is a lot like a debit card in that it just uses the funds that are available in an externally located account. This account may be a bank, credit union, or another financial institution.

A prepaid credit card is usually issued in the name of individual account holder. With prepaid credit cards the data is maintained on computers affiliated with the card issuer. The value associated with the card can be accessed using a magnetic stripe embedded in the card, on which the card number is encoded; using radio-frequency identification; or by entering a code number that is printed on the card.

Bloggers speaking about prepaid credit cards can be found at sites like wsjprimerate and creditcardassist.

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Original Technorati articles tagged “prepaid credit card”

• in Business
  Suze Orman Introduces New Prepaid Card, Catches Heat
  Is the Approved Card from Suze Orman all it's cracked up to be? The financial guru catches heat for her foray into the prepaid card realm!
  by cardhub / on Jan 13, 2012

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