| Shopping in the worldwide web has become a very | | | | interest rates. You also do away with the late |
| popular way to purchase items of all shapes and sizes | | | | payment fees since you have already preloaded your |
| for all sorts of purposes. Even medicines could be | | | | plastic. Generally, these type of cards are accepted in |
| purchased online nowadays. This further boosted the | | | | most establishments both online and offline. |
| popularity of credit cards as a mode of payment. This | | | | Auto-charge facilities, however, for purchases or |
| little plastic card has become a necessary part of | | | | services that require regular, recurring payments are |
| everyday life. It could also be very easy to abuse it. | | | | not available with this type of plastic. |
| Such temptation to just keep on shopping and charging | | | | Another advantage is its relative safety when used in |
| your purchases on your card without having to worry | | | | online shopping. Credit card fraud and identity theft |
| about whether you have the money or not might just | | | | cases have made people cautious about using their |
| be too strong to resist. It is very easy to overspend | | | | them for purchases over the internet. If online shopping |
| and get deep in debt with credit cards. | | | | is all that you need it for, you can maybe choose to |
| Those who lack the sense of responsibility and | | | | get a virtual prepaid card. Just like your physical plastic |
| accountability for their actions are liable to fall into the | | | | card, you have to load it up with cash before you can |
| debt trap. In fact, there are studies that show a | | | | use it. The only difference is that you do not get a |
| growing number of card holders in their 20-something | | | | physical card with a virtual card. The added protection |
| who have already filed bankruptcy due to credit card | | | | that these virtual cards could give you is the limitation |
| spending. One recent innovation that helps keep | | | | as to the amount of data that could be transmitted. |
| spending at bay is the prepaid credit card. This type of | | | | You can apply for a such a virtual card account online. |
| plastic is especially handy for those who shop online | | | | Once you are approved, you get an account number |
| most of the time. | | | | that you can fund with a deposit that is also done |
| It is a cross between a credit card and a debit card. It | | | | online through your regular plastic card, a debit card, or |
| is used much the same way as a regular card when | | | | other payment facilities like PayPal. With your loaded |
| you make a purchase. But, the maximum amount you | | | | account, you can now click away and do your |
| can charge is limited by the amount of deposit you | | | | shopping online with having to wrangle with crowds or |
| make in your account. This way, you do not | | | | wait in line at the cash out counter. |
| overspend and you do not have to deal with the | | | | |