Prepaid credit cards are as exactly as they sound, a person must prepay or load a credit card account with funds before they may use that card for purchases. This type of credit card is popular with people who are trying to rebuild their credit as some report behavior to the credit bureaus.
It should be noted that prepaid credit cards have more fee associated with them than regular credit card accounts. These additional fees can include; a fee for opening the account, monthly, and some methods of adding funds to the account have fees connected to them.
Monthly fee of $4.95
Useable everywhere debit MasterCard is taken
Monthly Fee: $7.95, which is waived if account loads $1,000 a month
Sold in-store only