How to find the right prepaid credit card for you.

But why opt for a prepaid card instead of a traditional credit card issued from you bank? What are the advantages? First of all prepaid credit cards are easy and quick to get. You don’t need to have a bank account to receive a prepaid credit card. Usually you can request one in any bank just by showing your ID.

Secondly, they can be used almost anywhere, on the internet, in stores and restaurants, abroad, exactly like an ordinary credit card, the only difference being that the money is taken off the card right away when you use it which also means there is no risk of running into debt as it has no overdraft facility.

However, before you apply for one, make sure you check the extra costs. Many include an issue fee that can range between 4.50GBP and 30GBP, plus there’s usually a fee to pay each time you top-up.

There are so many available on the market to choose from, you might need some help to understand the differences and which one is right for you. The internet is full of websites that offer free comparison of the UK’s top prepaid cards, to help you find out which card suits your needs best.