I would like to apply for a Kroger prepaid card, but I don’t understand exactly how it works. What is a prepaid card, and is it really different from another type of credit card?
Answered on Saturday, September 17th, 2016 by
Amy Miller

Many people have trouble understanding the distinctions between a prepaid card and a regular credit card. But the difference is pretty easy to see, once it’s explained. With a credit card, you are issued a line of credit which you can borrow against, but which you will have to repay. With a prepaid card, you load your own money onto the card initially, and then use it up when you make purchases. You can never go into debt using a prepaid card, because you are simply using up your own money. When it’s gone, it’s gone. There’s nothing to pay back. A prepaid card is much more similar to a debit card than to a credit card. And in fact, many people use prepaid cards instead of having regular checking accounts. Many low-fee prepaid cards are available, and they are a great option for many people.

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There are prepaid cards you can apply and which will have your name imprinted on. However, no one of the card issuers will be able to review your application, approve you, and send you a card overnight. The issuing process takes at least two weeks and if it is a credit card it can take […]

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Almost all prepaid cards allow ATM withdrawals abroad, the only difference is fees. For example, consider the American Express® Prepaid Card. The card offers one free ATM withdrawal per month, and you will be charged $2.00 per ATM withdrawal thereafter. Also this card does not have monthly or annual fee. You can compare this card […]

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