Prepaid credit cards are a great way to manage your money; especially if you have poor/bad credit or no credit history (you’re young or have never borrowed anything, had a traditional credit card before etc).

There are no credit checks with a prepaid card and decisions are instant.

It means you do not need a ‘basic’ bank account and can enjoy the benefits of a traditional credit card, without the worry about borrowing, as a prepaid credit card only allows you to spend the balance you’ve put on the prepaid card, rather than dipping into a credit facility (which the prepaid credit card doesn’t have).

You choose from prepaid MasterCard credit card, prepaid Maestro credit card or prepaid Visa credit card. There are various plans to select your card from – either monthly or no monthly fees, transaction fees, ATM cash withdrawl fees etc. I have put a prepaid credit cards comparison table at www.prepaidcreditcards.websticky.co.uk to help with an overview on plan costs.

Other benefits of prepaid credit cards include: improving your credit score, not having to take cash around with you – especially helpful if travelling overseas; you won’t need foreign currencyas MasterCard / Maestro / Visa are accepted worldwide. No worry about spending more than you can afford as the prepaid credit card does not have a credit facility. It’s easy to top up the prepaid credit card – by phone, online or in a Post Office.

See www.prepaidcreditcards.websticky.co.uk for more details.