I want to get a prepaid credit card, because I have no credit, and am having trouble getting it because of that fact. I want to find one that has both benefits: 1. no annual fee 2. gets reported to the credit bureau
I have googled it and everything and am having trouble finding one with both things. If you know of one, please let me know. Also, if you know of any better way to get credit when you have none what-so-ever, please let me know. Thanks!
Is there a prepaid credit card that has no annual fee AND gets reported to the credit bureau?
Prepaid credit cards are becoming increasingly popular amongst consumer to improve financial discipline and credit history. Though, a prepaid card doesn%26#039;t come a with late penalty because there are no repayments to be made, but there are various other fees associated with them, which increase the ownership costs. Having a good knowledge about these fees helps the consumer make an informed decision. Listed below are some important fees levied on prepaid cards.
Annual Fees
Charged by the prepaid card issuing company for usage of the prepaid card on an annual basis.
Monthly fees
Charge by the prepaid card issuing company for usage of the prepaid card on monthly basis.
Customer Service fees
Charged by the prepaid card company for providing initial customer service to issue the prepaid card.
Activation Fees
This fees is charged by the prepaid card issuing company for activating the prepaid card
Fees per purchase
Every purchase done by your prepaid card can attract a fee per purchase. Some prepaid card companies levy this fees to increase their revenue.
ATM Cash withdrawal fees
Whenever you withdraw money from ATM%26#039;s prepaid card company slaps ATM cash withdrawal fees to your account. Read more from: http://www.credit-card-gallery.com/prepa...
Is there a prepaid credit card that has no annual fee AND gets reported to the credit bureau?
Check with capital One. Such cards are called Secured Credit Cards and help to build credit.
Is there a prepaid credit card that has no annual fee AND gets reported to the credit bureau?
Try checking out this website : www.e-wisdom.com
Click on %26quot;credit cards%26quot; I%26#039;m sure you%26#039;ll find what you are looking for.
Is there a prepaid credit card that has no annual fee AND gets reported to the credit bureau?
If you can%26#039;t get a pre-paid credit card try a pre-paid debit card
www.accountnow.com is a debit card that gives you the option they call Credit Builder where if you choose they can report your activity to the credit bureau.
They have 5 different card plans and you can choose which one works for you.
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