How does it differ from a secured credit? card

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Reference no: EM131882488

Prepaid Credit Cards. What is a prepaid credit? card? How does it differ from a secured credit? card?

Prepaid cards? are: ?(Select the best answer? below)

A. cards that can be purchased that are electronically loaded with a specific amount of cash. The cards can then be used just like a credit card until the balance is depleted.

B. cards issued by your credit card company and are electronically loaded with a specific amount of cash. The cards can then be used to obtain money from any ATM until the balance is depleted.

C. cards that can be purchased that are electronically loaded with a specific amount of cash. The cards can then be used just like a credit card until the? card's expiration date.

D. cards that can be purchased and are backed with funds deposited into a special account. The cards can then be used just like a credit card until the balance is depleted.

How does it differ from a secured credit? card? ?(Select the best answer? below.)

A. Prepaid cards are ATM cards and are not credit per se.

B. Prepaid cards are a form of electronic cash and are backed with funds deposited into a special account.

C. Prepaid cards are a form of electronic cash and are not credit per se.

D. Prepaid cards are a form of electronic cash and are accepted in more places than credit cards.

Reference no: EM131882488

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