Prepaid credit cards basically are form of credit cards which unlike the other credit cards are secured. It means that the amount deposit should be according to your requirements on this credit card and then have to spend accordingly. For this reason it is named as prepaid credit cards, you are only to use as much money as you have in your deposit account; as soon as you reach your limit by using up all your credit, you are supposed to deposit more credits in your account.
This is too limiting a view, because it presents prepaid cards as a transactional tool for narrow groups of consumers. Mercator has long held the view that prepaid cards, properly used, can be a financial tool that consumers can use for budgeting, directing spending, and even as a savings tool across the socio-economic spectrum.
