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Jaycash's blog: "Musings"

created on 11/14/2009  |  http://fubar.com/musings/b320024

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. 

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