Do you own a pre paid credit card or do you want to get one? If you answer yes, then check out these smart tips on how to smartly use a prepaid credit card:
Get help from the customer service desk. Instead of heading straight to the cashier with the items you’ve purchased, it’s a good idea to stop by the customer service desk first and acquire yourself some store gift cards.
Check your available balance. If the amount of your purchase exceeds your balance, your transaction may not only get declined, you may also incur penalty fees. Hence, don’t forget to log in to your account online and make sure that you have sufficient balance to purchase the items you want.
Keep the receipts. When you’re in hurry, you may not have much time to check if all charges in your bill are correct. Therefore, it’s a good idea to keep all your receipts so you can review them once you get home. Take note that issuers of prepaid credit cards usually accept disputes on erroneous charges 2 days since the transaction took place.
Purchase online. Have you thought about using your prepaid credit card to purchase online? Many reputable online merchants sell products at reasonable prices. These merchants can afford to offer cheaper prices because of the lower overhead cost.
Plan your purchases. Before going out to shop with your prepaid card, prepare your shopping list and make sure that you only include important items on your list. Make an estimate for each item on your list and calculate the total. This way, you can have a better idea as to how much you will charge to your credit card and avoid exceeding your available balance.