Gift cards are a form of prepaid credit card. But the new breed of cards offer the newest way to make gift cards the perfect gift – unique gift wrap. Gift cards don’t have to be boring to give. Some of the companies that offer the universal prepaid debit cards are careless at best when verifying identification when setting up new accounts.

According to one website, this type of card offers all the benefits of a credit card, but with the security of a debit card. Additionally, there is no annual fee, no monthly fee, and of course no interest charges.

A prepaid card has been described as being a great way to have a Visa card if you have less than perfect credit, deposit your whole check or just a portion each month. Easily withdraw money, make online purchases or point of sale.

A reward program is however, a rare benefit for a stored value card. In a reward programme, points are earned for all purchases and these can be redeemed for calling cards, ring tones and wireless airtime.

You also may have to pay for transaction fees, charges when you transfer funds to top up the balance, when you replace your prepaid credit card, and many other fees. To be sure about the fees, you should read closely the fine print on the prepaid credit card account.

I signed up Netspend a while ago, and I transfered some Paypal funds to my Netspend account. I got the card in 5 days and the Paypal transfer beat the card in the mail – my Paypal funds were available in my Netspend account within about 2 days.

Many prepaid cardholders are paid via direct deposit of paychecks and are unable to add funds to cards themselves.

It is possible to repair your credit within a much shorter time if you take expert advice. However you decide to address your credit challenges, realize that regardless of what you may hear in the news media, thousands before you have sought help and repaired their credit.

The content and opinions expressed within this article are those of the author(s) and/or represented companies, and are not necessarily shared by Pre Paid Credit Cardz. The author(s) and/or represented companies are solely responsible for the facts and the accuracy of the content of this site.