If you're looking for a credit card that you can use in any store, with any company, to purchase just about anything, you might want to consider applying for an American Express prepaid card. These cards will allow you to make purchases that are approved right away, with no hassle whatsoever. With them, your cash is tied up until you have the money in your checking account, which you can withdraw with ease at any time.
There are many benefits of using a prepaid card when shopping, from the ease of the application process to the fact that you can spend all of your money and not worry about the consequences. The following will explore the benefits of using these cards for buying everything from food to airline tickets.
Most prepaid cards come with a 0% introductory balance that will provide you with no interest for a certain period of time. You'll see that the money in your account will grow as you make more purchases, because you won't be paying interest on that amount. It's important to remember that your spending will eventually increase because of the high APR, but for now, it allows you to save money and pay off whatever bills are coming up that you might have.
If you need to use a credit card for purchases you already know you can't make online, or to pay for a bill you don't even have yet, then you'll find that these prepaid cards are ideal. Instead of going into a store that is only open at certain times of the week or month, you can sign up and use their card online. There are even some companies that offer you the option to deposit the money into a savings account before you buy anything, so you don't have to go through the stress of actually creating a financial statement.
Once you've applied for these cards, you'll start receiving offers in the mail. As long as you use the cards regularly and pay your bills, the offers you receive will continue to keep coming. This allows you to build stable savings account for yourself, which will give you the tools to make future purchases without having to pay the interest on what you already have.
In addition to this, it is important to remember that when you use credit cards, they typically have annual fees and other fees attached to them. A prepaid card can help you avoid paying any fees that can get added to the cost of making purchases each month.