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Step 1
Understand one time use prepaid credit cards. Some prepaid credit cards can be purchased at the checkout counter of your favorite store. These cards are issued by the major credit card companies and allow you to load money for one time use. These cards are convenient to give as gifts. Instead of designating where the recipient can use the money, these prepaid cards allow him to spend the funds at any location that accepts the major credit card logo printed on the card.
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Step 2
Learn about repeat use prepaid credit cards. These credit cards are issued from a variety of lenders. These cards are mailed to your home with your name printed. Customers can load funds via direct deposit or load station. Additional information on these cards can be found in the Resources section below.
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Step 3
Determine what you will use the prepaid card for. If you are looking to deposit your paycheck onto a prepaid card, determine if the company accepts direct deposits to the card and if these are free or if there are additional charges for direct deposit.
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Step 4
Look at the fees associated with the cards. Many companies will deposit paychecks onto prepaid cards without a fee, however if you load funds at a loading station additional fees are generally charged. Additionally these companies charge fees for ATM withdrawals and monthly usage fees. Depending on how often you will need the card the fees could be more than you are willing to spend.
