How to Get a Reloadable Credit Card

••• Steve Woods

Reloadable credit cards offer a viable alternative to the usual credit card for folks with less than perfect credit. Also known as pre paid or pre funded credit cards, they can serve as a hands on learning tool for teens that are learning to handle credit. Available at most banks; reloadable credit cards allow folks to enjoy the convenience of a credit card without the downside of waiting for the monthly bill to come in. Here's how you can get your reloadable credit card.

Go to a participating bank. Most banks offer her some form of reloadable credit card. Some sport the Visa logo while others sport a MasterCard logo. The log itself doesn't really matter, what matters is that you've got a credit card in your hand that can purchase items up to the balance available on the card.

Fund the credit card. Fund the card with amounts adequate for your purchasing habits. The beauty about a reloadable card is that if you don't have enough money on the card, you cant buy the item. You may be a little embarrassed at having your purchase declined, but you won't go into unnecessary debt.

Activate your credit card. As with any new credit card, the issuing company requires the card to be activated prior to use. Some issuers allow reloadable credit cards to be activated by phone or online. Check with the issuer for additional activation options.

Withdraw funds from your credit card. Reloadable credit cards operate similarly to debit and credit cards. Cardholders can withdraw available funds from the card subject to the issuers daily maximum withdrawal limit. Be aware however that processing fees may apply

Replenish the credit card. While card issuers allow you to replenish your credit card in person, its best to find out if they allow other ways to fund your credit card, such as by check or bank transfer.


  • Check with the issuing company to see if the reloadable card is subject to a minimum balance. If your prepaid card is lost or stolen, be sure to contact the issuer immediately. While some cards carry the zero liability protection, it's best to notify the issuer immediately.

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Photo Credits

  • Steve Woods