Prepaid Debit Card: Great Alternative to Traditional Credit Card

debit cardHave you found yourself in the unfortunate situation in which you cannot qualify for a credit card? Or, perhaps are you looking for an alternative to traditional credit cards? If so, take comfort in knowing that a prepaid debt card, such as a prepaid debit card from www.Spendsmartcard.com is a great solution. Let’s dive right in and take a close look at the benefits you will gain from using prepaid debit cards.

No Need to Carry Around Cash

When you carry around cash, you run the risk of losing it. When carrying around a prepaid debit card, if you lose it, you can simply call the card service provider, cancel the card and receive your funds either by check or on a new card.

Accepted Almost Anywhere

A prepaid debit card tends to be accepted universally at any location a regular credit card is accepted.

No Need to Make Monthly Payments

With a traditional credit card, you have to worry about making monthly payments on time. If you miss a payment, this negatively affects your credit score and you are charged large fees. With a prepaid card, you don’t have to worry about making monthly payments because your charges are already paid for.

Boosts Your Credit Score

Most prepaid card service providers report your activity to major credit bureaus, meaning prepaid cards are a great way to get your credit in tip-top shape.

Image Credit:
StockImages – FreeDigitalPhotos.Net

Share Button

How To Lower Your Credit Card Interest Rates

Credit cards have proved to be a boon for people who find it hard to carry money with them while going out. But the hike in interest rates from 10-29% is adding to worries of the customers and is totally unfair as well. The customers must talk to authorities for negotiating low interest rates because even small reductions in interest rate may help one to become debt free in shorter duration.

lower credit card interest rates

All you need to spend is just 15 to 20 minutes time on phone. Before calling, make sure that you are well prepared in context of gathering sufficient information needed to convince the creditors. This information should include:

•The account number of the user and current rate of interest mentioned on the statement issued by the company.
•The zero or low interest offers for balance transfer available to the card holder by other companies.
•The interest rates being offered to the new users by the same creditors.
•Knowledge about the national average rates. You can get this information on websites like bankrate.com, creditcard.com etc.

With this information you may come up with a rate you are willing to pay, ideally 9.99%. Now make a call to the card issuing Company. The number is available on the back side of your credit card. Make sure that you have conversation with the person having authority to abate the interest rates.

While calling, don’t forget to mention that your payments are always on-time, you have been using this card for so long, and most importantly your credit score as a valued customer is an asset of the company.

The decision is entirely in their hands but your duty is to convince them with your knowledge and your good will. The company will ignore the customers with lower balance and the ones who use the card very rarely. Politeness is another helping factor. If you don’t get the desired results, think about switching to the companies which are offering a comparatively lesser interest rates. Everyone must give it a try as there is nothing to lose while making a call. A recent survey reveals that out of 93% people who know about this method, only 29% made an attempt and two third of the people out of this 29% made successful attempts.

Image Credit:
Naypong -Free Digital Photos.Net

Share Button