Hello
there are many ways to get pre paid credit. find out in online

Thanks!

Try for a regular credit card first as they do not have all of the fees associated with prepaid credit cards. It sounds like your wife has no credit, not bad credit and should still be able to at least qualify for a credit card. Capital One is good about extending credit cards to people with limited or no credit histories.

ya you absolutly right.

What you need is a regular credit card, or at least secured credit card. Of course they have to be paid on time each and every month, if you want to build a good credit. The prepaid credit cards, are not real credit cards, but are just stored value cards (deposits), accepted wherever normal credit cards are accepted.

Spencer is right...I would apply for an actual credit card in order to start building. Are you talking about a debit card as prepaid?

What everyone is trying to explain is that a normal credit card is a better option because it can provide you with the improved credit scores without all of the fees, as long as you stay on top of your payments. Many lenders take advantage when you miss your payment, especially if you are a first time credit user.

Where most people get into trouble is when they begin spending beyond what they can afford. Then there is an APR charged onto what you owe the company.

If you are starting out with no credit, prepaid card will not help you build credit. You need card such as Orchard Bank if you do not have any credit.

To get good credit avoid financial scams and be scam wise and make sure to pay your debt or keep up with debt.

in my case i checked into these and they are a big rip off. for example a 300.00 prepaid card will cost you of course 300.00. when you charge on it they will charge you interest on your own money. you can set her up a savings account with a debit card and not get charged for your own money. And of course if you are late you will get late fees on your own money, etc. try first premier. they were one of my first cc's after my settlement program. 9% interest, but if you dont have a balance you will have to pay 5.00 a month. The reason why is so that you commit to pay something every month and they report to all 3 credit places every month. allow her to charge something small like a shirt or pair of shoes, less than 100.00, and be sure she pays it off when the bill comes.

you might want to wait one year before getting one of those prepaid credit card, as there charging anywhere around $200 to $300 setup fee

"make reasonable purchases & be sure to pay off the balance in full every month"
guess that's the way

Not all prepaid cards are rip offs. Whether it is a MasterCard or a Visa, there are prepaid debit cards that aren't so costly.

I use a card called Mango Money. Their fees are actually quite low. They approached me to do some freelance writing for them so I agreed to try out their product because I'm not going to say I like their product unless I really use it.

Here's what I like about it:
1. I don't have to carry cash
2. I can send a free text and get my balance immediately when I'm in the grocery line (did that yesterday!)
3. It helps me stay true to my monthly budget
4. I can transfer money from my checking account (Mango doesn't charge but my bank does)
5. I can use an ATM if I absolutely need cash ($2 fee)
6. I can direct deposit my paycheck (free)
7. I can use it at the grocery store and get cash back instead of going to an ATM (free)

Here's what I don't like:
1. It takes a few days from my bank to transfer to the card - I was hoping it would be same day
2. I'm not used to using it instead of my credit card yet so I'm trying to train myself.

You can go to their site and read about their fees. Once you figure out how to use the card, you can avoid most of the fees.

All my best,
Kim

I agree that many of the prepaid debit cards have large fees so be careful that you read all the fees before purchasing. However, I would also warn you that not every prepaid debit cards run their information to the three credit reporting agencies. In other words, just because you get a prepaid card doesn't mean that you are building any credit.

Be an educated consumer!

Best,
Kim

Secured and pre-paid cards are two different things. Secured is a ripoff, and prepaid should only charge you a $2 to $3 a month charge and $3 - $5 to reload (by cash). That being said pre-paid cards will not help your credit score at all