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1. There Are No Free Lunches
As the saying goes, though, if it sounds too good to be true, then it probably is. In this case, this saying is only partially true. Hence, heres our first tip for those shopping for prepaid credit cardsknow what youre getting into. Free prepaid credit cards may be the best bet for people who otherwise have trouble getting traditional cards, either because they have bad credit or no credit. They act as both a credit card and a debit card. But they arent free. They have a downsidethese cards have high fees and penalties.
2. Read the Fine Print
So before you act on these cards, be sure to check the fine print. Compare your options to find out which has the best rewards program, giving you the best prizes for money spent on the card. Just like credit cards, these prepaid cards allow you to accrue these rewards the more money you add, and take off, the cards.
Is An International Prepaid Cell Phone A Good Idea?Most International prepaid cell phones today are classified as a GSM or Global Service for Mobil cell phone that operates on the GSM 900 and GSM 1800 frequency. The phones themselves are not prepaid but a card called SIM, which is the brain of the international prepaid cell phone, and where minuets can be stored. Sims have a small computer chip inside that stores the cell phone number, settings, messages and other data necessary for the phone to function. With the right sim card an international prepaid cell phone can provide service coverage in Europe, Asia, Africa and the Pacific Rim, incl ..
3. Compare Fees
On the negative side of things, compare the cards fees. Some cards may cost upwards of $20 just to start one, plus have monthly maintenance fees and fees to add and withdrawal money. These cards can also have fees to argue a charge, or to get a hard copy of your statement. All this money adds up, even if the fees are only a few bucks. So look for the lowest fees possible.
4. This Isnt Monopoly Money
Is Prepaid Cell Right for You?
Our connected society makes big demands on us all to stay in touch, whether it s with the office or home. Cellular telephones have gone from being a convenient extra to being a virtual necessity. But with all the different plans available, sometimes it s hard to find the best deal.
Cell phone companies offer a wide variety of monthly plans, most of which require a long-term contract. If you are reasonably certain you will be keeping your cell phone for at least a year, this poses no great burden, but what if you re planning to move to another state in six months? What if your needs change ..
Another tip to consider with prepaid cards is that these may seem like a good way to spend less money than regular cards. After all, the money is already added to the card, so its OK to spend it, right? However, dont let this attitude lead to overuse of the card, because youll only end up adding more money, and spending more fees, on the card in the long run.
5. Look into Special Features
There are some positives to keep your eye out for when shopping for prepaid credit cards. Many of them also offer not only rewards programs, but zero-liability fraud protection, meaning that you arent responsible for anyone using your card against your permission, or stealing the card and committing credit card fraud.
About the Author:
Joshua Shapiro recommends Find Credit Cards to find a free prepaid credit card. See http://www.findcreditcards.org/type/prepaid.php" target="_blank"> http://www.findcreditcards.org/type/prepaid.php for more information.
Source: http://www.isnare.com Joshua Shapiro5 Tips For Choosing A Free Prepaid Credit Card
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