The Alternative to Credit

12 May 2010 - Which Way To Pay

Email Article Print Article
    


The Alternative to Credit

 

Have you heard of prepaid cards?  They may look and act very similar to regular credit cards but actually they have one major difference…

 

Prepaid cards come in many different varieties in Canada but the key aspect that makes them different to normal credit cards is that there is no credit facility!  In other words, you cannot borrow with a prepaid card; the money on the card is there to spend and once it has run out, it is up to you to re-load it with funds.

 

For people who find it hard to keep control of their credit card, a prepaid card can be a great alternative.  

 

It carries all of the best features of normal plastic – you can do all of these and more:

 

-          Pay for items and services online

-          Pay in restaurants and stores

-          Withdraw cash from ATM machines

-          Use it abroad

-          Give it to your kids

 

Many parents like the idea of being able to control their kids’ money and by giving them a ‘secondary’ card while holding the ‘primary’ version, they can make sure the children always have access to money.  Additionally they can keep tabs on how much the youngsters are spending, with all purchases listed just like a credit card.

icon_06.jpg
 

PRODUCT RANGES:

CURRENCY EXCHANGE
Compare Foreign Exchange and Currency >>

LOAN PRODUCTS
Compare Loan and Debt Products >>

CARD PRODUCTS
Compare Cards Products >>

MONEY PRODUCTS
Compare Money Products >>

Avoid the middle man when wanting to lend some extra funds.
04 April 2017
Which Way To Pay
Peer to peer lending is one of the best ways to lend money as your are basically cutting out the middle man.
Read More >>
More and More Canadians on a daily basis are purchasing the incorrect Travel Insurance policy's they need for the trip they have planned.
30 August 2016
Which Way To Pay
Studies have n recently more and more Canadians are purchasing the incorrect Travel Insurance covers which is then causing problems when the claims are to be made.
Read More >>
When all those debts are getting on top of you , there always seems like there is no way out . A consolidation loan is the answer.
16 July 2015
Which Way To Pay
When you finally make the decision to consolidate all those debts looming over you into one easy monthly payment that is set up between yourself and the consolidation loan providers.
Read More >>