Prepaid Credit Cards

If you are looking for a credit card that is easy to use, great for kids and teens and one with little or no interest and fees, a prepaid credit card is for you. Prepaid credit cards make great gifts, they are safe for almost anyone, and they are accepted just the same as regular credit cards. They are a great option for anyone who needs a credit card, but wants it without all the strings attached.

There are many different types of prepaid credit cards. Some prepaid cards are designed specifically for individuals with bad credit such as secured credit cards. Other cards are used in the place of checks, such as the popular debit card. Other cards are used like gift cards. Which card is for you?

Do you have a teen that prefers to use a credit card? If your child prefers shopping online or doesn't like to carry cash, there is a great prepaid credit card option for them-gift cards. These cards are purchased either online or from convenience and grocery stores for varying amounts. They are then used just like a credit card. These cards are available from almost any credit card company; look for those from mastercard and visa.

Perhaps you are a college student or are the parent of one. Students often need credit cards for a variety of reasons. They make it easier to purchase gas, let you buy your books online and are good to have on hand in case of an emergency. But maybe you're not quite ready for a credit card. A prepaid credit card is just what you need. How about a debit card? Debit cards are used in place of checks and draw money directly out of your checking or savings account. Best of all, they are usually issued and used without any fees!

Another situation where a prepaid credit card might be necessary is in business. If you have a small business or you want to give purchasing power to employees of your large business, prepaid cards are a great option. A small business owner with bad credit should consider applying for a secured credit card. And managers with employees who need to use company money should look into purchasing gift cards or setting up debit card accounts.

BPNA launches two new MasterCard credit cards

27th April 2007

By Julia Chan

Chicago-based financial services provider Banco Popular North America has introduced two new credit card products in collaboration with credit card issuer MasterCard, namely the Banco Popular platinum MasterCard card and the Banco Popular classic MasterCard card.

The Banco Popular platinum MasterCard is an unsecured program offering an introductory 0% APR for balance transfers for six to 12 months. In addition, the card has no annual fee and automatically enrolls qualifying customers into the Popular rewards loyalty program. Other benefits include car rental insurance and purchase assurance.

The Banco Popular Classic MasterCard secured program, which is aimed at customers with little or no credit history, as well as customers wishing to rebuild their credit history, also has no annual fee and customers receive the same card benefits as the platinum cardholders enjoy. However, these accounts are secured by opening an interest-bearing Banco Popular North America (BPNA) savings account with a minimum deposit of $500 and a maximum of $5,000. The credit limit matches the deposit dollar for dollar.

Other benefits of the new MasterCard offerings include a MasterCard zero liability policy for fraudulent activity, access to 1.2 million ATMs globally, worldwide acceptance at more than 25 million locations, and a bilingual customer service.