A prepaid credit card account is opened by depositing money into that account, much in the same way you would make a deposit to open a checking or savings account. Once you have money in your account, you're issued a prepaid credit card that can be used anywhere one would use a regular credit card. The best part of the prepaid credit card is that you can charge to your heart's content and you won't be in debt. The money is yours and once it's gone, you can't spend any more until you make another deposit.

Prepaid cards can offer you a convenient way to access or transfer money if you have a poor or non existent credit rating, are travelling, are under 18 or need to transfer money abroad. Because prepaid cards do not offer you credit facilities, you won't need to pass a credit check, and online approval can be as quick as a few minutes.