User gets a prepaid card for themself or other (approval guaranteed). User adds spending money to the card. |
|
|
|
|
User or other uses card
to buy food, supplies, gas, services, etc., at
any merchant that accepts MC/VISA cards. |
|
|
|
|
User can monitor the
pre-paid account electronically for budgeting purposes by placing spending limits on the card. |
|
|
|
|
User or other can reload the card with additional spending funds as needed. |
|
|
|
|
Using pre-paid credit cards can protect user from mismanaging credit card debt that leads to poor credit scoring on the user's credit report. |
|
|
|
|
Managing pre-paid cards can can help build a
credit history for favorable credit approval on other credit-based needs. |
|
|
|
|