But, I'd actually purchased from Clear using my Capital One card on two prior occasions.It was an example of very poor fraud detection and led me on a tour of their pathetic customer service.Prepaid cards come in various forms—including debit cards not tied to a bank account that carry the Visa or Master Card logos, one-time-use gift cards and phone cards.The reloadable debit card, one of the most popular types, requires that consumers buy the card, load the dollar amount of their choice, then have purchases deducted from that balance.The shopping cart trick, also known as the soft pull trick, is a clever method that allows people with bad credit to get a credit card.The shopping cart trick relies on the fact that many websites will pre-approve you for a credit card during the checkout process without actually checking your score.No personally identifiable information is collected. If you want to apply online please change your browser settings to accept cookies. They help us understand how customers use our website so we can give you the best experience possible and also keep our online adverts relevant.
Having had my own credit card suspended out of an abundance of caution on a different credit card issuer's part (for legitimate charges), but having recently had some widely known scam charges get accepted, the fraud protection algorithms that the credit companies use certainly seem inscrutable sometimes, and so do the surrounding practices about communicating with customers.
That episode is partly why such cards are reputed to be predatory and sketchy—a way for the rich and famous to get over on the broke and credit-strained.
The fact is, misinformation abounds about what these cards can and can't offer consumers.
(According to her Web site, that information "will not appear on your Trans Union credit report at this time." However, the card does come with one year of unlimited access to your Trans Union credit report and score.) RELATED: 5 Simple Steps to Improve Your Credit Score This Fall Before you decide to go prepaid, keep these tips in mind: 1 EVALUATE THE COSTS RELATED: 10 Things You Should Know About Credit And Debt Opting for a prepaid debit card usually means signing up for fees—including for enrollment and activation, maintenance, transactions and ATM withdrawals.
These ongoing charges can cut into your budget, leaving you less money to pay your light bill or to purchase that cute summer dress.