Prepaid Credit Cards India Review

 

Prepaid Credit Cards India Review

Prepaid credit cards are now recent trends in India. The prepaid credit card means the credit card just like a debit card (but having all the facilities of credit cards) in which you will have to first deposit some amount of money with your credit card issuer.

And after that, the bank will issue you a credit card having the same credit limit that you have deposited with your bank.

There are several advantages of prepaid credit cards. One great advantage of prepaid credit card is that, all kind of charges (including interest rates) are totally NIL. This is because after all it is your money and you are not borrowing it from your bank.

Another advantage of prepaid credit cards is that, they come with 100% guaranteed approval. So even if you are a college going student, you can have your own prepaid credit card.

Not only this but the main great advantage of these credit cards is that, you won’t scratch it like the traditional credit cards and go into a deep debt. And even though you will scratch it like the hell, ultimately it is your money so there is no need to repay it back.

So in my opinion, in comparison to the traditional credit cards the prepaid credit cards are the best. Almost every major bank of India is providing such kind of card facility.

Many people ask me that, How they can do online transactions without using the Credit cards? Well, the Prepaid credit card is the answer. This is because a prepaid credit card is not the real credit card and by scratching your prepaid credit card, you are not going into a deep debt.

Now, the question is that, What if your balance in your card is exhausted? Well, just like your mobile prepaid SIM card, you will have to recharge it again and that’s it. Its ready to use.

Prepaid credit card is the best solution for the people who need the credit card for the travel or online transaction purposes but don’t get qualified for the traditional real credit cards.

Not only this but the prepaid credit cards are the best gifts for birthdays and wedding purposes for your loved ones. This is because you can give a prepaid credit card as a gift to your loved ones.

You can instantly get approved for this card without showing any income proof. So What are you waiting for? Cut down your real credit cards and start using prepaid credit cards.