Use a Credit Card and Never Receive a Bill

Once you start using credit cards, you won’t be able to stop yourself. Not until you’ve earned a staggering amount of debt that you’d realise what you’ve done. Only then you will wake up from reality. And when you do, you’ll find out about your unpaid credit card bills, penalty charges and bad credit score.

Bills will keep on coming each month and if you fail to pay, the amount adds up. This can be pretty tiring but sadly you have no one to blame but yourself. You lost control of your credit card use and now you are suffering from the consequences. When once you are filled with pride due to your good credit score, now it’s all tainted with bad credit history. If only you could turn back time and you’ll manage your finances well. If only you could stop the credit card bills from coming each month.

Obviously, travelling back in time is an impossible quest. However, what’s easier is for your bills to stop pouring in each month. No, this does not include cutting up your credit cards. In fact, it includes signing up for another one. That’s right. Stop credit card bills by getting and actually using another one.

This card is called the prepaid credit card. This type of credit card functions like any other major credit cards. However, it has one big difference from the rest. This card does not reciprocate credit card bills at all. Why? Because you will have to pay for your charges beforehand, thus saving you from future bills.

When you apply for a prepaid credit card, you will be asked for an application fee. Then you will be required to deposit a certain amount on your credit card account. This amount will serve as your real time credit limit.

Every time you use your prepaid credit card, the amount of the transaction is directly deducted from your deposit. Once you have used up your entire deposit, you won’t be able to use the card. However, to reinstate its power, you will just have to deposit money again.

Take note, however, that if you wish to rebuild your credit then prepaid credit cards would be of no use. Providers do not report activities regarding prepaid credit cards. However, it is extremely helpful if you wish to take a break from credit card bills.