A prepaid credit card uses money paid into the card in advance to make purchases, with no line of credit available. Other than through a non-authorised payment by a merchant or shop, it is impossible for the card to go into a negative balance.

Prepaid credit cards allow you the features, security and flexibility of credit cards without the worries of debt or overspending. Money can be paid into the card in a variety of ways, depending on the provider, and allow you to set clear monthly rates of spending.

To avoid any mis-reconciliation as well as over-spending as inflation has slammed into our everyday lives, prepaid cards are the new way to approach credit.