Unsecured Credit Card: Why Is It Better Than Prepaid Credit Card
March 11, 2009 1:10 am BusinessInstead of applying for a prepaid credit card, Why not consider applying for unsecured credit cards. Why? Prepaid card does not help to improve your credit rating or re-build a bad credit history.
There may be a processing fee to pay, just to make you aware. There is normally a low initial credit limit of perhaps around $300 – $500. On the other hand, with a secured credit card you have to deposit money into a bank account. Typically, you will have to cough up for the application fee, which is a one-time fee.
