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Many Americans are tired of paying high interest rates on a credit card.  Also, many people simply can’t qualify for a regular credit card, but sure would like all the benefits derived from using one.  Well, this has lead to an explosive growth in the use of prepaid debit cards. Most prepaid credit cards have the MasterCard or VISA logo on the card, so they look and feel like a regular credit card.  The only difference is that no credit is actually issued.  The user simply pays money into an account, that typically earns interest, and the prepaid card draws against this balance.  They are very easy to qualify for (no income limitations or credit checks usually required) and the benefits are great.

Most Prepaid Debit Cards Have Universal Acceptance
Use your Card at department stores, gas stations, grocery stores, restaurants and even places where cash can't go, such as bill payments over the phone, catalogue and internet shopping. Over 30 million merchants worldwide accept Visa and MasterCard Prepaid Debit Cards.

Access to Cash Worldwide
Over 1 million ATMs worldwide accept Visa and MasterCard Prepaid Debit Cards. Have access to your cash wherever you go. PIN is required for ATM use. But good news is, since so many vendors accept prepaid debit cards, your use of ATMs will drop significantly, thereby drastically reducing your ATM fees.

All-Access Direct Deposit
Save time and money by enrolling in FREE direct deposit. No more check cashing fees, waiting in lines, trips to the bank, or lost checks. No bank account required.

FDIC Insurance
Typically all prepaid debit accounts that you set up are insured up to $100,000.

24/7 Account Access
Access your account balance, transaction history or report a Card lost or stolen online or via a toll free number 24 hours a day. 7 days a week.

Additional Cards
Typically, you can get extra cards for free. You can enjoy the added benefit of having additional cards on your account for friends or other family members. And best of all fund transfers between your Cards are typically FREE!

Reload Card Options
You can reload funds on your Card an unlimited number of times. In addition you will also enjoy the flexibility of the following options to load money on the Card:

• Direct Deposit
• Bank ACH Transfers
• Retail Locations
• PayPal Transfers

All-Access Bill Pay
Reduce the time consuming need to write checks and eliminate costly money orders by conveniently paying your bills online with your Prepaid Debit Card Account.

Zero Liability

Protects you from unauthorized purchases.

Bill Paying Over The Phone & Internet

Using a prepaid debit card now gives you the ability to pay bills or purchase items over the phone or the Internet.

Safer Than Carrying Cash

At MyCreditCard.com, we have a huge selection of the best prepaid debit cards to choose from.  Why not get the tremendous benefits mentioned above?  Get your prepaid credit card easily and quickly here.

By Woody Alpern

CPA and Registered Investment Advisor