There are number of benefits using Prepaid Credit Cards. Pre-Paid cards can be used in stores, on-line and ATM machines.

If you need a Credit card but are not able or do not want to get one, a Pre Paid Card can be useful, even if you have had credit problems, you can get a Pre-Paid card without having to supply credit information. You also don’t need to have a Bank account to obtain a Pre-Paid card. All you need is proper identification and enough cash to cover the dollars amount you want on the card.

Advantage

• Convince – Prepaid cards can be used everywhere
• Budgeting – easy to control over how much money you spend
• Safety – Prepaid cards you’re protected from unauthorized transactions if the card is lost or stolen. Cards can be replaced if lost or stolen.
• Gift giving – you can also give a Pre-paid as a gift or as an allowance for a child.
• ATM access – prepaid card has benefits of standard card to access cash from ATM machines.

Disadvantages

• Fees and changes – sometimes fees for loading money on the account or using the card for purchase
• Credit ratings – using a Pre-paid card will not improve the credit ratings
• Expiry date – most of the Prepaid card comes with expiry date and some card issuers won’t give you back the money remaining on your  card after it expires

If you planning to have prepaid card makes sure shop around and compare fees and charges between prepaid credit card offers.