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pre pay credit cards what is the point with them

earwig
earwig Posts: 1,097 Forumite
I've been Money Tipped!
in Bankruptcy & living with it
hi can some one tell me what the point is of having a pre pay credit card arnt they just the same as debit cards:confused:
i cant slow down i wont be waiting for you i cant stop now because im dancing

Comments

  • Bakeybadoo
    Bakeybadoo Posts: 810 Forumite
    You will find it very hard to get a debit card as a bankrupt, unless you could Electron/Solo which are not widely accepted everywhere and especially on the internet.

    A pre-paid card means you can have all the facilities a Visa or Mastercard give you but without incurring any debt.
    :: BCSC #71 but now discharged! ::
  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    For me, they are an absolute 'must have' as I don't even have a Bank Account, leave alone a Debit Card.
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
  • earwig
    earwig Posts: 1,097 Forumite
    I've been Money Tipped!
    i have a coop eltron debit card and have no probs using it do the pre pay credit cards help repair your credit rateing or is it just a case of they help people who dont have debit cards use there card on the net
    i cant slow down i wont be waiting for you i cant stop now because im dancing
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    earwig wrote: »
    i have a coop eltron debit card and have no probs using it do the pre pay credit cards help repair your credit rateing or is it just a case of they help people who dont have debit cards use there card on the net

    The later (and other places). Since pre-paid cards are not a form of credit. That is the whole point.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • Bakeybadoo
    Bakeybadoo Posts: 810 Forumite
    I don't have problem using my Electron card either, hence not having a pre-paid CC at this time but I do know some places won't accept an Electron card and especially on the internet so a CC comes in handy in those instances.
    :: BCSC #71 but now discharged! ::
  • uther_2
    uther_2 Posts: 174 Forumite
    You can also look at the 360 quidity Maestro card.Thats useful for paying over the net.
  • Mike_St_Helens
    Mike_St_Helens Posts: 3,414 Forumite
    Have I ever told anyone that my bank and OR let me keep my full bank account with Visa Debit :D - Ill get my coat.
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Mike_St_Helens wrote: »
    Have I ever told anyone that my bank and OR let me keep my full bank account with Visa Debit :D - Ill get my coat.

    If that's true then you better pack a bag. Plus use you CARD to buy a plane ticket.

    :rotfl:
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • Mike_St_Helens
    Mike_St_Helens Posts: 3,414 Forumite
    fermi wrote: »
    If that's true then you better pack a bag. Plus use you CARD to buy a plane ticket.

    :rotfl:

    Honest ... I did. Its a bloody lifeline. I have a 360 money also mind. We are having the bcsc meet on sat and I had to resever all the rooms as I was the only one with visa ! No money in it mind...
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Mike_St_Helens wrote: »
    Honest ... I did. Its a bloody lifeline. I have a 360 money also mind. We are having the bcsc meet on sat and I had to resever all the rooms as I was the only one with visa ! No money in it mind...

    I don't doubt it. I know that some people get lucky and are able to keep accounts. Good luck to you, and I don't resent it really. It is mostly just down to circumstance. :)
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
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