Existing credit card system has caused the last recession in United States, Europe and Canada. A huge number of Canadians are hardly paying for just the interest on their credit cards. Others do not qualify for a credit card because of a bad credit history. A prepaid credit card offers many benefits of a regular credit card, with a guarantee of never going into debt.

You are the one who loads the money into the prepaid credit card. Therefore, you can never spend more than you have on the card and thus go into debt. With a prepaid credit card you can enjoy the same convenience as with the regular one: you can shop online, in store or withdraw money through ATM, even shop with your prepaid credit card in other countries. However, you can get a prepaid credit card even if you do not qualify for a regular one, since there is no credit check.

The balance on the card can be obtained by calling the 1-800 number or via text message; customer support is also available as with regular credit cards.

Another great thing about prepaid credit cards is that they are a better alternative than gift cards. Because gift cards are sold at pre-set denominations. But with prepaid credit cards you can set any dollar amount that you want to load. While store or mall gift cards are tied to a certain place, you can use a prepaid credit card anywhere and even send it to other countries as a gift, which can be used as cash.

Many prepaid cards also offer different discounts. Usually discounts are related to long distance plans. And, you can also personalize your prepaid card with your name on it.

Prices for prepaid cards range from $7.99-20 for initial set up and load. Every time you reload the card you pay anywhere from $2.99 to a percentage off every $100 you load on the card. Credit limits vary as well and often go to $5,000.

You can find out more about prepaid credit cards and particularly prepaid MasterCard offered by Cash Shop Newmarket which is currently the cheapest prepaid credit card in Canada by going to our website www.cashshopnewmarket.ca come in store: 161 Davis Drive Newmarket Ontario L3Y 2N3 or call us for more information at (905) 830-5088