Building Your Credit with a Wired Plastic Prepaid Visa Card
If you ever plan on making a major purchase, you’re going to need to establish a line of credit.
When you’re first starting out, getting credit could be somewhat difficult, since lenders don’t know whether or not you’ll be able to honor your debt. For this reason, you may want to consider getting a “credit card” offered to anyone with a job… the Wired Plastic Prepaid Visa.
If you would prefer to manually deposit money onto your Wired Plastic Prepaid Visa, you could either visit Western Union, your local bank, (if you have a checking account), or go online. Wired plastic operates a website online where you can apply for their special credit card. If you have bad credit, it's not a problem. Because it's a prepaid card, you are certain to get approved. You can save money on some utilities by paying them online, and in order to do that you need a visa card. Wired plastic is a reliable method of rebuilding your credit.
You can transfer funds online from your checking account or from PayPal. And, by the fact that the Wired Plastic Prepaid Visa charges nothing for direct deposit reload, you can deposit money as often as you’d like!
As far as withdrawals, the Wired Plastic Prepaid Visa will allow you to withdraw your funds at any ATM accepting debit cards. Your transaction fee will always be $1.95 per withdrawal. This is quite advantageous, since most ATMs charge $2 or more if you try to withdraw funds from another bank. With the Wired Plastic Prepaid Visa, your withdrawal fee stays fixed, whether you are acquiring money at a local ATM or at an ATM halfway across the world.
Why are the terms so flexible with the Wired Plastic Prepaid Visa Card?
Well, unlike other credit cards, the Wired Plastic Prepaid Visa is actually considered a debit card. This means that all monies that are issued out actually come from you, and not Visa. So, in essence, the Wired Plastic Prepaid Visa is like a portable bank account. In fact, it’s so much like a bank account, you can even use it to direct deposit your employment check!
Sound intriguing? Well, for some people, especially for those who own checking accounts, the Wired Plastic Prepaid Visa may not seem like a big deal. However, there is a big difference between using a Wired Plastic Prepaid Visa versus a traditional bank account. Unlike a bank account, the Wired Plastic Prepaid Visa is actually considered a credit card. So, if you pay your annual fees, (which total around $57), and you maintain a balance of $10, Visa will report that you have made good on your line of ‘credit.’ The credit reporting bureaus won’t care that you’re the one actually funding the money instead of Visa. In fact, they aren't able to see it. It's a simple trick to get a higher credit score if you have a bad credit rating.
If you stick with just a bank account, you won’t get any credit reporting benefits unless you decide to get a loan or a credit card. And, if you do that, you’ll have to pay interest since the bank will be giving you extra money upfront. The Wired Plastic Prepaid Visa doesn’t charge interest because Visa is not giving you anything extra. You can save money with a better credit score. They are simply providing an alternative for managing your funds.
There is also another benefit that could help your creditworthiness, at least indirectly. Every time you use the Wired Plastic Prepaid Visa, you earn Wired Points. These points can be used for a variety of things including cell phone air time, ring tones and even music downloads. And, if you apply these points to services that report to Equifax and other credit reporting bureaus, you could give your credit score a double boost. This is especially the case with cell phone plans, where credit reporting goes hand-in-hand with your account.
People from all walks of life get pre paid cards. Unlike credit cards, there is no debt involved when purchases are charged to a debit card. Rather than pay for these items with cash or check, use your card and at the same time build or repair your credit. On the down side, fees are applicable for the application process, in addition to monthly maintenance charges. The credit available to you is a percentage of your deposit. With the wired points rewards program, a cardholder earns one point for each dollar that is spent with the card.
Unlike other stored value credit cards, the bankfirst wired plastic offers card holders some benefits, such as online bill payment. With prepaid credit cards for teenagers there are couple of things that should be examined before you obtain just any of the cards. This can be done any time of the day or night, by using a computer and sometimes by telephone or wire transfer. Money can be conveniently loaded to your card from your checking or savings account.
Apply for the Wired Plastic® Visa® Prepaid Card today!
In conclusion, the Wired Plastic® Prepaid Visa® offers an excellent alternative for building your credit. The annual fee is low, and you’ll never get charged interest when you use your card. Plus, you’ll get rewarded with Wired Points every time you pay your bills. Indeed, nothing else compares to the Wired Plastic® Prepaid Visa®.
Apply for the Wired Plastic® Prepaid Visa® today! New Card for Convenient Tap-n-Pay Purchases at Merchants Nationwide. No Bounced Check, NSF and Overdraft Charges EVER! FREE Rewards Program - Earn 1 point for every $1 spent, redeem for Prepaid Wireless Airtime, Music Downloads, LD Calls. FREE Bill Pay Service - Pay Anyone Online or Over the Phone. FREE Credit Builder with Overdraft Protection. FREE Mobile & Email Alerts. FREE Direct Deposit - Eliminate Check Cashing Fees. Add Cash Instantly at 100,000 Retail Locations Nationwide.
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