Qualified advisers answering your
Financial Questions
call 0800 092 1245

Applications for prepaid credit cards increase

More and more people are now looking towards the prepaid credit card market as a means of increasing their options regarding easy payment. However, experts believe that as we approach the summer period many consumers are taking advantage of the ability to avoid "high booking fees" with some low-cost airlines by using prepaid credit cards. There's also a feeling that the ongoing influx of immigrants into the UK, who are unlikely to have access to bank accounts immediately, is feeding demand for prepaid credit cards for online shopping and easy payment of goods in shops.

When you also consider that many people in the UK have seen their credit rating damaged over the last few months the ability to load up prepaid credit cards, without credit checks, is something which appeals to more and more people. This area of the market has grown significantly over the last couple of years and is set to become a more prominent credit instruments in the future.

Many people in the UK have fall into the trap of using their traditional credit cards in the knowledge they would be unable to pay off their whole balance at the end of the month. As a consequence, credit card debt per capita of the UK is still very high and many people will literally be paying off their credit card debt for years to come.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details