Cash Credit Cards
No one wants to go through the nightmare of having their credit card
stolen and learn that some thief has taken a $5,000.00 around the
world trip at the expense of a Visa that they ripped off. Then
again, one does not have to have an extreme situation occur that can
cause a credit card nightmare. Simply going beyond one's own personal limit of spending can lead to
tons of fiscal problems.
It isn't always easy
to keep track of purchases when one is living a hectic life, so
accidentally putting an extra $100.00 charge on a credit card is a
common error people make.
So what is one to do? After all, carrying cash around is neither
wise nor safe. So what is the alternative option? The answer is cash
credit cards. Cash cards are combination credit cards and debit cards. Instead of
a debit card that is only usable as a way of withdrawing cash from
an ATM machine, cash credit cards are Visa cards that are purchased
and have a finite dollar amount. One pays
$300.00 for such a Visa card and now has a ceiling of $300.00 to
purchase with the card. No overages are possible with cash credit
cards because when the money runs out, it runs out!
Cash credit cards first debuted ten years ago, but they did not
start to achieve much popularity until recently. A motivating factor
behind this popularity is people have been giving away cash credit
cards as gifts for birthdays and holidays. These cash cards are
swiftly replacing the venerable favorite, the gift certificate
because unlike a gift certificate, cash cards can be used at ANY
store as opposed to just one. That alone makes cash credit cards
extremely appreciated gifts as well as being fiscally safe
alternatives to the traditional Visas and Mastercards of old.
What most people neglect to realize about cash advance credit cards
is that they are a loan and carry interest and fees. Cash advance
credit cards do not provide a charitable contribution so when one
dips into a credit card's cash advance function, one needs to pay
it back and probably will be charged a cash advance fee and a higher
interest rate. In most instances, interest starts piling up
immediately as the thirty day grace period afforded by normal cash
advances is not an option. Because of this, one needs to be in
control with one's spending when relying on cash advance credit
cards as a source of funding.