Hdfc Gift Prepaid Card

By , April 2, 2009 6:32 am

Can HDFC GIFT PLUS CREDIT CARD and ICICI PREPAID CREDIT CARDS be used for online shopping??

Since am a student i dont get a credit card, and without one,i miss all the great deals on the internet and i have heard about prepaid credit cards (gift cards) of HDFC and ICICI .
can they be used for online shopping???

Prepaid cards come as a whiff of fresh air to those suffering from huge drawbacks of credit cards, and credit card debt. The convenience, ease of availability, guaranteed approval and other features make them ideal replacement of credit cards. In this article we take a look at the most important advantages of prepaid cards.

1. Prepaid card is given on the basis of your deposited money. So everyone, even those with bad credit are eligible. There are no credit checks, no employment verification and approval is guaranteed.
2. Prepaid cards can be applied online instantly. And if sufficient deposits are made there are no monthly, annual and other fees. Since, prepaid cards use the deposited money, there are no repayments to be made and hence no late payment fees and other associated penalties.
3. Prepaid cards are as widely accepted as credit cards, and they have even more acceptability than credit cards in some cases. They can be used on the internet, on phone and all other vends.
4. Since, you can only spend what you have deposited, the chances of overspending are negligible. This can hugely increase the financial discipline and help build good financial habits. Read more from: http://www.credit-card-gallery.com/PrePaid_Card.html


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