If you are looking to get some credit but do not have much to put down then there is no better option than a prepaid Mastercard. A prepaid Mastercard is just like any other credit card that you would have right now, and is usually just as easy to get. You just load up on funds and whenever you run out of money you just pay off your balance. There are many different ways that you can go about getting a prepaid Mastercard. Lets take a look at a few.
One of the first ways that people get prepaid cards is through ATMs. The nice thing about ATMs is that you do not need an account, you just load the card and use it like an ATM card. Most ATMs will accept major credit cards but some may not, so check the website for the specific information. A prepaid mastercard is pretty much like any other credit card that you would have, except that you do not have to open up an account and you do not have to make any payments.
Another way that you can get a prepaid Mastercard comparison is through the internet. There are many companies that offer instant approval without any credit checks whatsoever and you can usually apply and get a prepaid mastercard as fast as a week in most cases. If you apply online you will not have to wait very long to see if you get approved, and in many cases you will get approved almost immediately. The major credit card companies all have a special page on their website where you can apply and see how much money you qualify for.
Another way that people get prepaid cards is through a service called PayPal. With this service you can load your prepaid mastercard, or a linked debit/credit card, with funds from a bank account of your choice and they can transfer it to your recipient as an electronic transaction. These services are very convenient if you don't want to carry around large amounts of cash with you. You can also go to restaurants and other retail stores with prepaid cards and pay with them instead of your regular credit card or debit card.
Another way to get a prepaid Mastercard comparison is to use a service called Amex. With Amex you load your prepaid card with money from an account of your choice and they will transfer the funds to your recipient's card or they can transfer the money to an Amex account as well. You can also go online and purchase prepaid cards with amex for a low monthly fee. These cards have no annual fees and they will have no fx fee.
Some companies also offer prepaid cards called a debit visa. With these you can load your card with money from an Amex account and they will transfer it to a Visa or Mastercard account. The two cards will have a zero or a one on the balance. These cards will also have no fx fee and you will not be charged any monthly fee. The only fee you will be charged is for the ATM usage fee.
Card comparisons between prepaid Visa and Mastercard cards are going to include things like the APR, the annual fees, the monthly fees, the transactions fees, and the other costs that you have to pay. You should check each card and compare all these charges. Also look at the website where you are purchasing the card and compare the product features. See if you can find any specials or deals on the Internet site.
When doing a comparison, some people make the mistake of comparing prepaid Mastercard cards to traditional credit cards. This is a huge mistake. These prepaid cards should never be compared to traditional credit cards because there are many differences. If you have bad credit you will still be able to get a traditional card, but you will be paying extremely high fees and much higher interest rates. The prepaid Visa or Mastercard is a great way to build credit and rebuild your credit history. Do not let anyone tell you differently.