For those with no or less than perfect credit, a prepaid credit card is an ideal alternative to credit cards. These cards are easy to use and can be obtained without a credit check. Before you can use the prepaid credit card, you must deposit money onto the card. This can be done in a number of ways depending on the type of prepaid card you have. Once the money is deposited, you can use the card as you would a credit or debit card. For example, if you load $200 on your card and spend $50 on groceries, you have $150 left. Once you have spent the remaining balance, you will need to reload the card by depositing more money before you can successfully use it again.
Prepaid credit cards are not only for those with less than perfect credit, they are also a smart choice for teenagers and college students. Parents can load money onto the card for their child and begin showing them how to properly managing their money while still giving them freedom. Furthermore, since you can only spend what money you put on the card, teenagers and college students cannot overdraw or spend more money than they have available. They have all the benefits of a credit card without any of the potential risk to their credit history.
There are many cards available for individuals looking for an alternative to credit cards. These cards can usually be obtained by filling out a simple form online. For example, you can visit Kaiku.com to learn how to get a prepaid credit card. However, always review the terms and policy of the card before completing the signup process.