Secured credit cards, an in-depth review
Instead, the issuer makes its money by levying fees to open an account and to deposit money into your account. Prepaid credit cards usually function just like regular credit cards, and you should be able to use them for most purchases. However, if a business, like a hotel, wants to place a temporary hold on your account, or if a purchase requires regular withdrawals from your account (for example, if you want to pay your monthly car insurance payments via credit card), then you may need to use a regular credit card instead. Prepaid cards are also not good for rebuilding your credit rating. However, if you need a card that functions like a credit card and you can't get an ATM card, a prepaid credit card may be a good deal for you.