Stored Value Credit Cards

Prepaid or "Stored Value" cards are not credit cards, they are just used like credit cards:
They carry a MasterCard® or Visa® logo and can be used wherever credit cards are accepted. The major advantage of a prepaid card is its lack of finance charges. Also, it is impossible to run up a large debt on them, since all purchases are paid in advance. With prepaid cards you can set your own credit line (the issuing bank may set a limit too). Basically, a cardholder's credit line is equal to the money he or she transfers to the card. Most prepaid cards do not charge finance fees but numerous other fees may apply including: monthly fees, application fees, over the limit fees, ATM fees, and more. Please, check their fee schedules before applying.

Card Lab Custom Visa Gift Card

The Customized Visa Gift Card Perfect for any occasion or holiday - makes the impersonal gift personal again Upload your own photo or choose one from our huge design gallery Customize your card with an embossed message Cards are available in denomination of $10 to $250 and are accepted anywhere Visa debit cards are accepted Online access lets you easily check your balance and transactions Cards are only $5.95 and are delivered in 5 to 10 business days *See web site for details. Get More Info         Apply

Wired Plastic™ Visa® Prepaid Card

Annual Fee: None* Monthly Fee: $3.95

Guaranteed Approval*. Earn Reward Points on Every Purchase. Accepted everywhere VISA debit cards are accepted No Credit Check, Income requirements or bank account required On Demand Alerts - Manage your account via text messaging FREE Online Access to Account FREE Mobile Alerts — Text to your mobile and email FREE Rewards Program — Earn 1 point for every $1 spent NO Bounced Check, NSF or Overdraft Charges EVER! FREE Direct Deposit — Eliminate check cashing fees *See Terms and Conditions. Get More Info         Apply

A Stored Value Card is a magnetic-stripe plastic card that is issued by a bank. The "open loop" stored value cards are issued with card association branding, like Visa® or MasterCard®, and can be used anywhere the association brand (i.e., Visa®), is accepted. Examples of open loop stored value cards include gift cards, payroll cards and teen cards. "Closed loop" stored value cards are issued by a specific merchant or merchant group (i.e., a shopping mall) and can only be used at that specific merchant or merchant group. Examples of closed loop stored value cards include store cards, mall cards and gift certificates. Both open loop and closed loop stored value cards utilize existing processing networks. Consumers can spend up to the value loaded on the card, and can reload the card at anytime or dispose of it when the funds are depleted. The Stored Value Card is usually NOT imprinted with the customer's name, only the account number. The Stored Value Card utilizes encrypted communications and electronic banking protocols to create a secure solution for the cardholder and the merchants. As with a credit or debit card, holders of Stored Value Cards are able to purchase goods and services from participating on-line merchants as well as all PIN based POS systems. As with traditional credit, debit and ATM cards, holders of open loop Stored Value Cards are able to withdraw cash from all ATM machines. Unlike traditional credit, debit, or ATM cards, Stored Value Card holders can obtain a card without regard to their credit history, ability to open a bank account or the balance in an existing bank account. Unlike traditional bank tied credit, debit or ATM cards, Stored Value Card holders can usually fund their card by using Western Union®, MoneyGram®, ACH, Bank Wire or other Credit Cards.