Frequently Asked Questions about Prepaid Credit Cards

Here are the answers to some of the most commonly asked questions about Prepaid credit cards.

What kinds of credit cards are offered?

Websites offer quite a few types of cards. They offer cash-back cards, rewards cards, basic cards, platinum cards, and even prepaid cards. All of these cards come with competitive terms and no annual fees, provided you use your card at least four times per year.

What is an APR?

APR stands for the annual percentage rate, or interest rate, you will be charged for the convenience of having credit. As with most credit cards, prepaid cards may come with several different APR's, like balance transfer APR's, purchase APR's, default APR's, cash advance APR's, etc. Make sure you know what your card's APR's are and in what situations they apply.

Can I still get prepaid credit cards if I have bad credit?

You don't necessarily have to have perfect credit to qualify for some prepaid credit cards. However, if you have poor or limited credit history, you might look into prepaid prepaid credit cards.

Do prepaid credit cards charge annual fees?

It depends on the provider. Some do, while others do not.

Will I be able to access my account online?

Absolutely. You can review your credit card activity, make payments, and check your balance on the provider's website.