Today there’s lot of talk about the empowerment of people and their inclusion in the modern internet world. Unfortunately, great chunks of that world may be partly closed off to you if you don’t have some form of plastic payment card – and that’s where the prepaid card may be of interest to you.
Modern buying power
Few people dispute that shopping around is a good way to find the best bargains.
The internet is now a huge channel for the provision of goods and services and if you’re looking for those good deals, including the internet in your searching is typically a smart idea.
The trouble is, there’s no real point finding a great internet deal if the seller only takes credit or bank cards and you don’t have such a thing in your wallet or purse.
Then get a credit card!
This isn’t necessarily quite as simple as it sounds.
Firstly, you may feel a little uneasy about the prospect of carrying around what is, in effect, a portable loan in your pocket. The temptations there are well known!
Secondly, to qualify for a credit card you may have to meet certain employment and credit history criteria. If you do then fine but if you don’t, you may have hit a dead-end.
So is this the end of the story?
No – because the prepaid card may be the answer to your needs.
The prepaid credit card
This is a plastic card that works in the same way as a credit card and will allow you to, for example, pay for things over the internet and on the telephone.
The big difference is that you don’t have a credit limit – and you cannot run up debt. You simply load money onto your card through a bank transfer or via a PayPoint outlet and then it functions normally.
It’s also typically the case that there are no credit checks applied – you’re not borrowing money so they’re not required. This could be useful to you if you have been previously rejected for a credit card or bank card before meaning you can have all the flexibility of having plastic, no matter what your financial history is like.
This may open up the internet to you. It could help you to discover those great bargains without running the risk of slipping unintentionally into debt.
Of course, it’s not just about having the flexibility of buying online, the prepay card may also be used:
at many ATM’s;
in shops, petrol stations etc;
by children as a way of controlling their spending;
in conjunction with an e-bank account, which some card providers offer as a related benefit.
This means that with a prepaid card typically you won’t have to carry as much cash around with you as well as have more control over your money.