Is a prepaid debit, credit card a good idea for you?

It is a very easy process obtaining prepaid debit. Credit card companys, focusing on the prepaid credit card are popping up all over the place. But what are the benefits of a prepaid credit card on who should own one?

What are the benefits of owning prepaid credit card?
The great thing about prepaid credit/debit card is that you can only spend as much as you have on your card. This means that you will never be able to max out your card like some do with regular credit cards. Another great benefit, especially if you like shopping online is that companies can't re bill you for things that you might be unaware of.

Trust me, this happens all the time. There are a lot of reasons why this happen. One might be, you simply forgot, or were to lazy to read the small print and therefore not realizing that you will be re-billed, (usually after 30 days).

Another very common reason is that you forgot to cancel your subscription in time and before you know it, you are re billed. Some companies will simply ignore your cancellation efforts and re bill you anyway. Another very common thing. With a prepaid debit card credit card this cannot happen as it can't be overdrawn and therefore companies won't be able to bill your card if you do not have sufficient funds.

Credit card fraud is another good example of the benefits of a prepaid credit card. We have all heard the horror stories of people losing their shirt due to credit card fraud. With a prepaid card, you can safely shop online and do all the things you would normally do with a credit card without the risk of losing thousands of dollars. (Stephen)

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