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You want to know where to buy with a prepaid credit card? This question is very common among users of this payment method.
This is because, although it is processed as credit by payment platforms, this card works as a debit card, as the customer must add a balance to make transactions with it.
For this reason, it is important to know in which cases it is worth using this payment method, and that is exactly what we will talk about today. Keep reading to find out!
What is a prepaid credit card?
Before anything else, it is important to understand what a prepaid credit card is, since many customers sign up for this type of proposal believing that it is a regular card.
A prepaid credit card is a card that allows the customer to make purchases on credit, but to do so, they must load it with a balance.
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So, in practice, the customer's own balance is used as a limit, which is an excellent option for those who want the processing facilities of a credit card, but are unable to pass a credit analysis.
Therefore, it is clear that in this proposal the customer is responsible for their limit, and the balance is spent as purchases are made with the card.
Due to this characteristic, it is important to know where to buy with a prepaid credit card, since it is similar to a debit purchase, and may not be worth it in all cases.
This may interest you: Cards with investback: 2 options for you to check out! (consultacred.com.br).
What are the advantages of this type of card?
When hearing about this type of card for the first time, many people are put off, as it is very similar to a debit card because it uses a balance as a limit for purchases.
However, we must remember that this is a proposal for a specific type of client, which is one who faces difficulties in obtaining credit approval.
With that in mind, here are 2 advantages of this option. Remember that later, this will help us understand where to buy with a prepaid credit card.
Ease of approval
The great advantage of a prepaid credit card is that it is a proposal with practically immediate approval.
This is because the customer is solely responsible for building up the limit, which depends on the balance used to load the card.
Therefore, if you have debts in your name and cannot get a credit card at all, this is a good option.
Subscription to services and products
There are numerous online subscriptions for services and products that require the customer to provide a credit card for registration.
Although it works like a debit card, the prepaid credit card is processed by payment platforms as credit, so it will be accepted for this type of purchase.
It is worth mentioning that to use this card for these services, it is important that you ensure the balance on the date of each payment.
++Can I cancel a credit card even if I owe money? (consultacred.com.br).
Where to buy with a prepaid credit card?
We finally got to where we wanted to go from the beginning: after all, where can I buy with a prepaid credit card?
As we saw previously, this type of card actually works as a debit card, even though it is processed by payment platforms as credit.
Therefore, you can use it in any type of transaction that accepts credit as a payment method.
It is worth mentioning that in all cases it is important that you pay attention to the available balance. This will be used to complete your purchase.
Furthermore, we must remember that prepaid does not allow for installment payments, so only use it for cash payments.
Prepaid credit card vs. card with built-in limit: which is better?
Some time ago, the prepaid credit card was the only alternative for those looking for the advantages of paying on credit, but could not get a card of that type.
However, nowadays there are more advantageous options, such as the card with a built-in limit, where the customer applies an amount, and this is converted into a limit.
The big advantage of this second proposal is that the balance works as a common limit, and you can make purchases in installments.
Then, as you pay your bills, the limit returns to the card, while the deposited balance earns interest on the investment.
Therefore, if possible, we recommend that you sign up for a card with a limit, as this option is more advantageous than prepaid cards.
But, for those who already have a prepaid credit card and just want to know where to buy with it, we already saw the answer a few paragraphs above, so make good use of your payment method!
Read also: Credit Market: what it is, how it works and its importance (consultacred.com.br)
