Reader Tip: Use Prepaid Credit Cards for Online Purchases
[NB: Thanks to reader Dave for today's tip. If you have any story ideas, comments or tips, feel free to contact me.]
Prepaid Credit cards are not as big here as in the US but a few are available — Royal Bank, for instance, offers a prepaid Visa card. I don’t think these cards make very good gifts but you can use them for online purchases where you don’t want to put the information on your main credit card “out there”. You often hear of retailers not stopping withdrawals or charging too much; with a prepaid card you can limit your risk for a fee of $5 or less.
Related Reading:
- Are Credit Cards Worth the Annual Fee?
- Citizen’s Bank Shutting down Free Chequing Accounts
- What is in my Wallet?
- CBC Show on Credit Cards
- Boxing Day Madness
Reader Tip: Use Prepaid Credit Cards for Online Purchases is brought to you by Canadian Capitalist — Helping you to invest & prosper.
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Filed under: Finance, Money Saving Ideas
