Before, when people need to get additional cash, they turn to credit cards. Theses credit cards allow them to spend money and pay it a later date. It was convenient at first, however, during the succeeding transactions, many of these people failed to pay their debts. Everyone who has a credit card is given his own credit limit based on the plan he has and based on his ability to pay. Some of them get promoted from being an ordinary credit card holder to being one of the bank’s most treasured clients thus being given the gold plan. Many of these privileged people now have cards that they can use even abroad. Nevertheless, there are still many of those people who overspend and yet failed to pay on time. This causes them problems like being run after by the bank. They get embarrassed when credit card agents start calling their homes, begging them to pay. Some banks even call the offices while some send letters from the legal department. To avoid this, the banks have now welcomed a new technology, which are the prepaid credit cards.
Prepaid credit cards allow the card holders to control their expenses with their cards by depositing ahead of time. This money deposited will now serve as their credit limit. Once he or she spends the entire amount of money left in his or her account, he or she will be able to reload it through the bank or ATM depending on the bank’s policies. Getting prepaid credit cards will be a whole lot easier if the applicant has a stable job or ample source of income by providing proofs such as bank statements, business permits or his paycheck.
On the other hand, from this technology, another innovation has evolved that is, the anonymous prepaid credit cards. These anonymous prepaid credit cards allow the users to keep their privacy. Many credit card users are not comfortable with the fact that whenever they use their card, they become vulnerable to tracking systems. With this in mind, everything goes around. Whenever they purchase something using their card, their spending habits are tracked. This is something that should worry credit card holders. With anonymous prepaid credit cards, they need not provide personal information ordinary credit cards ask for.
Since online shopping is a development from the old school way of purchasing directly from the stores, many of these online stores require credit cards. The problem now is that with all the technology around, this information online may not be secured and there is a risk for somebody to hack the information. Upon hacking the information from the card, the hacker can now use the same card in his or her insidious transactions. This becomes a problem especially when the bills come and the user is forced to pay for something he or she did not even purchased.
Numerous banks are now offering this service. Two of those banks are the Visa and the American Express. Basically, anonymous prepaid credit cards work like the prepaid credit cards minus all the personal information. These are not just for those who are hiding something. These are for all those who are not comfortable of “giving away” their personal information to strangers. Are you one of them?