Prepaid credit cards are a nice alternative to regular credit cards. These cards allow you to gain the benefits of a credit card, such as shopping or paying bills, online or over the telephone. Prepaid credit cards allow you to spend your own money through a Visa or Mastercard, with the advantage being you are not charged any interest because you are not borrowing money. This is a great option for those that have bad credit and who are looking to rebuild credit history. Prepaid credit cards also give people with good credit another option, outside of paying credit card interest and fees.
How Do Prepaid Credit Cards Work?
One way to obtain a prepaid credit card is to sign up with a bank that allows you access your own money in a savings account, with the use of a Visa or Mastercard. There are many banks at the moment that give you a debit Visa or mastercard when you sign up for one on their accounts. An example of this can be seen with the Suncorp Everday Options Savings Account, that allows you to access your own money by issuing a Debit Visa card when you sign up. There is no credit check needed, no minimum deposit and minimal monthly fees. Once you have received your Suncorp prepaid credit card you are able to pay bills online, book tickets over the phone or use it at a hotel check in. Basically all the advantages of a credit card can be accessed through your new Suncorp prepaid credit card.
What banks Offer Prepaid Credit Cards
Most banks in Australia now offer a prepaid credit card or debit Visa/Mastercard. Like credit cards it is important to shop around and comprare prepaid credit deals as they differ in monthly charges and rewards. Some prepaid credit card offers include the Suncorp Visa Debit, ANZ Everyday Debit Visa and St George Visa Debit. Want more information on prepaid credit cards?
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