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Standard vs. prepaid credit cards
By Capitalist | May 17, 2009
Standard credit cards are amazing. They have always been so, unless of course you are trapped in a credit sucker. These cards allow you to make purchase up to your credit limit and then pay in installments. You can of course choose to pay the entire amount at one go. Just keep up with the payment within the free period and you will never be charged any interest.
On the other hand, prepaid credit cards imply putting in cash in the card and then shopping for it on given days in future. Just like the prepaid mobile cards, the advantage with prepaid credit cards is that you can put your budget firmly prior to spending money. Sometimes, we tend to go overboard with a standard credit card and end up being in a soup. While the prepaid cards come at a lesser interest rate and keep us debt free, the standard cards can help us diversify the cost of purchase and offer us required flexibility.
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