If you're in the market to find a prepaid credit card today, you're probably wondering how they work when it comes to banks and prepaid cards. While most banks offer a prepaid credit card, there are going to banks out there that you never have heard of before. I'm going to show you some tips on how you can find out if the bank is legitimate or not.
Check the FDIC - I highly advise you that you work with banks that are FDIC insured. If the bank that's issuing the card isn't FDIC insured, you will probably want to go elsewhere and check with other banks. Many major financial institutions today do have secured cards, so make sure you check with them before you work with someone you may have never heard of.
Look for the major logo - If the card doesn't offer the MasterCard or the Visa logo, you'll want to probably go elsewhere. If you're getting a prepaid card that doesn't have a major logo, you may find that every place you go to may not accept them.
Check online - A quick search online will usually give you a good idea or not if the company or bank is legit or not. If you do a search online and find that many people are talking down on them, you may want to second guess giving them your information. That card is going to hurt you in the long haul.
When you do sign up for a card, make sure that the application page is SSL insured and the website is legit. You don't want to go on a phony website that steals your information. Always make sure that you're working with someone you can trust.
Find the best secured credit cards and more of Tom's work all at http://www.FINDsecuredcards.com
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