Friday, July 29, 2011

Safer Alternative To Cash


Carrying around a lot of cash can be dangerous. You may attract a thief or robber, or you could simply lose the money. What if your wallet fell out of your purse or pocket?

One alternative would be to use a regular credit card. But, people with debt or bad credit may not be able to get a credit card. Also, some people avoid credit cards because they don't want to carry a balance and pay high interest rates.

But there is another option: you can use a Green Dot Credit Card - a prepaid, re-loadable card that can be used anywhere a regular Visa/Mastercard is used.

A Green Dot Credit Card has an advantage over regular debit cards that are tied to a bank account because you can control the amount on the card. This way, you can't spend all the money in your account. Your account also can't be emptied if someone gets hold of your card number. This means that the card can give you peace of mind when making online purchases.

This type of prepaid card can help people repair bad credit histories or bankruptcy because, after you use it for a period of time, it can demonstrate to banks that you can budget your money. It might lead to them issuing you a secured credit card, which can start to rebuild your credit history and move you closer to getting a regular credit card.

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