Month: April 2018

Need a card to use on your holiday? then look for prepaid cards online

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If you are about to go on your holidays, whether here or abroad, and would like to have the convenience and security of a plastic card at your disposal but without the potential temptation to accrue debt that comes with having credit, then applying for prepaid cards online may be the way forward.

What is a prepaid card?

Looks and usage-wise, a prepaid card is typically almost indistinguishable from any credit card. Typically they are accepted by standard card processing machines worldwide and online (internet) transactions that accept the card’s brand (eg prepaid MasterCard).

The difference between a prepaid card and a standard credit card is simply the nature of the funds that sit on the card.

In the case of a credit card, those funds are typically a permanent loan that you can ‘draw down’ as and when you wish to.

Although that may at times be very useful, for some people the risk of running up debts makes them uncomfortable.

The prepaid card typically carries no such risk. You load money onto it (typically through a PayPoint or bank transfer) and the card functions normally for all your purchases – up to the maximum amount you have loaded onto it.

Holidays

You can also use it to withdraw cash from most ATMs, both at home and abroad, up to set daily limits.

It may be an excellent way of avoiding the risk of running up credit debt or providing secure money for you when you’re out and about on holiday – typically you’ll then have no worries about carrying around lots of local currency, nor having to hunt out a realistically-priced Bureau de Change. With a pre pay debit card, you can carry around the plastic and use it to pay for just about all your holiday needs.

Am I eligible?

There is no loan or credit facility with a prepaid card. As a result of that, there is often no need for a credit check and you may be able to obtain prepaid cards online even if you have a poor credit history record.

How secure is it?

A PIN protects your card. Even if it was stolen and accessed, the thief could not spend more than you had loaded onto it.

You can also typically cancel your card instantly via single security phone call.

How much does it cost?

Prepaid cards are offered by a variety of specialist providers. The costs of their services vary and are typically clearly explained on their websites, so it may be worth doing a little research and comparing prepaid cards online in order to see who is offering a suitable deal.

So, if you are looking for a debit card to use on your holiday, applying for prepaid cards online may be the solution. It is typically easy and often without excessive formalities or the need for paperwork, making it an eco-friendly way to apply for a card, too!

https://www.mastercard.us/

I need some cash for my holiday – can i get a payday loan today?

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Provided your bank can accept fast transfers, then there’s no reason why you couldn’t apply for and, if approved, get a payday loan today. So, if you are looking for some fast cash to use on holiday, then read on …

Getting started

You’d need to start the process off with an online application that fortunately does not usually take very long.

Because there is typically no paper trail with fast payday loans, the whole end-to-end process from application to payment of funds can be completed often very quickly.

All that you typically need to provide are some personal details, your job and its pay dates and your bank account and debit card numbers. A quick credit check may be carried out and a decision made almost immediately.

If your application is approved and your bank can accept the transaction, the money may be in your account and available to use in something like two hours, or the next day at the very latest.

The repayment process is automated and you don’t have to remember to set anything up. A debit card transaction will be set up to debit the full repayment amount to your account on your requested repayment date.

Poor credit history?

If you’ve had debt problems in the past this may be picked up by the quick credit check that some payday loan companies carry out but you won’t necessarily be rejected because of this. You may be asked for some additional information and your application may still be successful.

If tomorrow won’t do

Getting a payday loan today may be a really useful facility to help ease the pain of temporary cash flow problems or to help your holiday go with bang. It may be worth bearing in mind though that payday loans are not really designed as a solution to ongoing debt problems and you should be comfortable that you can afford to repay the debt together with any charges, in one go on the agreed payday before going ahead.

Finding the best prepaid cards

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To think about the best prepaid cards, you will need to understand that what may be considered ‘best’ for you may differ to what someone else may consider to be the ‘best’ prepay cards. Your needs are as individual as you are and so only you can decide if a card is the most suitable for you. This article may help you in your understanding of prepaid cards and how they differ to credit cards, meaning you may be able to confidently look for the best prepay card for you.

So, how do pre paid cards differ from ordinary credit cards?

Credit cards and debt

It’s often a controversial subject, but some people may argue that having a plastic credit card in your pocket is a potential first-step on the road to debt.

The problem is, today we all often need plastic of some form. In some cases, such as with automatic ticket vending machines or some internet or telephone purchases, you may not in fact be able to use cash or cheques as the systems expect you to have plastic available.

So, how can you have the convenience and security of plastic without having the risk of running up credit debts?

The answer may be the prepaid card.

The prepaid card – a new approach

The principle behind the prepaid card is typically simple.

You apply for a prepaid card that is entirely compatible with most electronic card payment systems and machines (for example, if you choose a prepaid MasterCard, you will typically be able to use it at any place that accepts the MasterCard brand).

The beauty of the prepaid card is that before you can use it, you have to load funds onto it. This is often easily done through a PayPoint outlet or you may be able to credit funds directly to it from your bank account or salary.

Once it is loaded, you can use it as per any normal card but only up to the level of the funds you’ve loaded onto it.

That means you simply cannot run up debts because there is no credit limit involved.

No credit checks

Another major advantage of these cards is that because you’re not asking for credit, typically there are no credit checks involved.

That means that typically you’ll be able to apply for one one even if you have credit history problems. This may provide you with the flexibility and security of plastic even if you would otherwise be unable to secure a loan or credit.

The best prepaid cards

There are specialist providers of prepaid cards on the internet. The facilities they offer will vary – some for example may be able to offer an e-banking facility to complement the prepaid card.

Selecting the best prepaid cards will depend upon your personal preferences and the facilities you require, but hopefully this article has given you some food for thought!