Fight Identity Theft with Prepaid Cards

                                    

Every year millions of people are victims of identity theft including credit card and debit card holders.  One way to protect yourself from identity theft is to purchase a prepaid credit card or prepaid debit card.  American Express recently began offering a prepaid debit card. I made a decision to pay for everything with cash. 

However, some merchants prefer customers pay with a credit card. However, there are several benefits of using a prepaid credit card.  The benefits of using a prepaid debit card are:

1.       Can be purchased online or at a retail location.

2. Load cash online, from another card, direct deposit or at a retail location.

3.       Accepted everywhere.

4.       Zero liability.

5. No maintenance fees.

6.       Helps manage your money. Can’t spend more than you have.

7. Can’t go over the limit.

8.       Can be used overseas.

9.       Can be used at ATMs.

10.   Some companies use codes to prevent credit card skimming such as American Express, Discover and MasterCard.

11.   Must be 18.

12.   Can reload money as many times as you want.

13.   Can make purchases online.

14. No late fees.