Why do people bother with pre paid credit cards

noreply@fubar.com (Jaycash) — Mon, 16 Nov 2009 08:32:08 -0800

I thought about the possibility of getting a pre paid credit card as I was bothered by the risks of ordinary credit cards (risk of debt, fraud etc), so i decided to investigate what they are, what's required etc. what I discovered is that they're like a cash cow for whoever provided the card�to you; on a pre paid credit card�you get charged for adding money to the card and a whole raft of other charges that you could never dream of paying on an ordinary credit card, which leaves me wondering, who wants these cards? they seem like a nice way to throw money into someone else's pockets!�

Normal credit cards might give you debt and risk of credit card fraud but there needs to be a better solution than charging people just to spend�their own money.�

Musings

Why do people bother with pre paid credit cards