Friday 8 July 2011

Prepaid Credit Cards

Like Bad Credit Cards, Prepaid Credit Card, it is given to those who has bad credit history. The difference is that the major credit cards is often used for business transactions like ticket and ticket reservations. This prepaid credit card is given to those who has poor credit that may engage the same transactions. This is also used by some parents for their children to limit their capacity to purchase.We can consider prepaid credit cards as secured credit cards, its most likely the same as the regular credit card, only the credit limit it generally lower than  that of regular credit card. Credit limit of prepaid credit card may base on the  security amount deposited by the account holder.

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