Prepaid & Debit Cards

To open a prepaid credit card account you deposit money into an account under your name. The process of opening an account for a prepaid credit card is similar to opening a bank account such a checking or savings account. After you open your account you are free to deposit and withdraw money. After you have made your first deposit into your prepaid credit card account you are issued a a prepaid credit card. This prepaid credit card can be used anywhere a regular credit card can be used. The only difference between a prepaid credit card and a regular credit card is the prepaid one is spending the money you personally deposited into your account while a regular credit card used borrowed money which you need to pay off with interest. Once you have spent all your money on the prepaid credit card you can not use the card to make anymore purchases because you have no money left.