Pre Paid Credit Cards: Controller Of The Expense, Facilitator Of Trade

Posted by Nick Niesen on October 29th, 2010

The first international pre-paid credit cards came into operation around 1998 when Visa came out with the Visa Travel Money. This was the significant signpost, as it gave a totally new dimension to the way the international travel started being conducted from this point onwards. Pre-paid credit cards are considered to be the first step in the direction of initiation of full fledged credit cards. Pre-paid credit card is considered as the first step towards baptism for credit cards as the person to whom this is issued is given an opportunity to build the credit history. The prepaid credit cards com in much handy if you are contemplating about buying a house, or the car which you have been fancying for quite a long time to own, or to give it to your wife as the present.

The advantage of pre-paid credit cards lies in the fact that they do not have a due date for payment. For those who are in the habit of forgetting the due dates of payment and most of us are, the pre-paid credit cards are indeed a blessing in disguise. So get a pre-paid credit card, and forget about setting reminders on the mobile phone, or putting it down in the things to do, or bribe your child to make you remember the date for payment, or to hang a bait in front of your wife to remind you about the due date, pre-paid credit cards make you self-reliant.

Compared with the normal credit cards, the pre-paid credit cards are in an advantageous position. It lies in the fact that, it does not allow you to go over the board while shopping. It happens indeed most of the times, when you go out for shopping and you are black-mailed into buying things which you may not by otherwise, but pre-paid credit cards indeed come to the rescue in these kind of situations. While spending within the defined limits, pre-paid credit cards do not discriminate as far as earning the reward points on the spending is concerned. You can earn the same reward points, which a normal credit card earns while using the pre-paid credit cards, so it is a better option to go in for pre-paid credit cards, if one is in the habit of being a shopoholic.

In this age where distances are shrinking owing to frequent travel there used to be a perpetual headache of carrying cash in denomination of currencies of the country to which one was traveling. It however is a thing of the past after the advent of the pre-paid credit cards. There is no need to worry now, as now there plenty of pre-paid credit cards available which are designed to ensure that the travel is secure and hassle free. There also is no need to run after the money changers, once you have put the pre-paid credit card's travel card in your wallet. Once you are having the pre-paid credit card, your shopping also becomes hassle free as there is now no need to pay any transaction charge as well. It takes care of all oscillations that the foreign exchange rate may experience.