Oct
21

secured credit cards prepaid credit cards debit cards or normal credit cards what the difference?

By CreditCards.lu

What is the difference in these cards? I just turned 18 and I am looking to build my credit. I don’t want to run the risk of getting in debt and my income is pretty low so what card would be best and what are the fees?

1 Comments

1
Driving Instructor
October 21st, 2009 at 13:51

secured credit cards:
you put a deposit down, then use it roughly like a prepaid card but there’s no fees and it will build credit, nobody is refused. Something like:
http://www.esuperfind.com/nextmillenniumcc.php?id=hra0tt16koo9

prepaid credit cards are good because you just need to be 14 to get one.
You load money into them and use them like any credit card. They come in visa & mastercard flavours. They might not build you credit but these should do:
http://www.esuperfind.com/prepaidvisa.php?id=hra0tt16koo9
http://www.esuperfind.com/prepaidmastercard.php?id=hra0tt16koo9
http://www.esuperfind.com/accountnowprepaidmastercard.php?id=hra0tt16koo9
debit cards are cards that enable you to get money out of your checking account. |If they have a visa & mastercard logo they can be used where visa & mastercard are accepted.
Credit cards require you to be 18 and you don’t need to preload them, you are using their money.
If you pay the bill when it comes, most of them won’t surcharge you but most people overspend, then they can’t pay the bill and so they’ll pay interest rates on the bill, they often get so behind that at the end of the month they can barely pay the interests so they become money cows for the CC companies and will start hating them for lending them the money!
There are many types of cards, many give you bonuses, free air miles etc.
You can get further info on all types of credit cards at
http://www.credit—card.org//id=nthaoe
And last but not least, if you have great credit rating and want to use a credit card as a status symbol, you get the black card
http://www.finance.ebookorama.com/black-card.php?id=nthhttn

also, when at the sign up page for any of these cards you can download the user agreement, it is all explained there and anyone can download it without giving out any info.

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