375 – Can You Get Burned by Prepaid Credit Cards?

If you don't qualify for a regular credit card or don't want one, but still need to make credit purchases, a good option may be to use a prepaid credit card. But are prepaid cards entirely safe? Can you ever get into money problems with them? On today's podcast, Diane Cunha, a certified credit counsellor, breaks down how prepaid cards work, how they differ from regular credit cards, whether they'll help your credit, the pros and cons of using them and potential pitfalls. Tune in for lots of practical advice!

Links:

NOT and AFFILIATE LINK: KOHO Card: https://www.hoyes.com/fresh-start/banking/koho/

Fresh Start to Banking after Insolvency: https://www.hoyes.com/fresh-start/banking/