Credit Cards For Making Prepaid Wireless Payments
Why am I even discussing credit cards; isn't it obvious?! If
you're using prepaid wireless to remain anonymous, to avoid
identify theft, or to avoid getting into debt, then using a credit
would contradict that objective. If those topics are not,
however, part of your goals, then being aware of the value of using a
credit card can bring you as a no contract customer is super important.
They allow you:
- The convenience of being able to
phone anytime, anywhere, without having to go to a store.
- The benefit of accumulating points
(ex. air miles, cash back, etc.).
- To take advantage of any bonuses or
benefits that your wireless carrier offers, which has become more
common (ex. $5 monthly discount for signing up for automatic monthly
Most wireless providers will accept any of the major cards
MasterCard, American Express, Discover). They'll sometimes
ask you questions about you that they get from publicly available data
(ex. the color of your car, or where you used to live), or specific
questions about your address, date of birth, or social security number.
Wireless carriers use this data to ensure that you are the
rightful owner of the card. They do this to protect the
card holder and the company from having fraudulent transactions on the
account from stolen cards.
Rest assured that the information you provide is
companies are very highly regulated, and must maintain the security and
confidentiality of customer information at all times. The
news is that once you provide your information, you won't have to
provide all of your information again unless your card number
address changes. On occasion you may be asked to verify
information like the last four digits of your card number.
Wireless carriers do this to make sure that someone can't
phone and start adding money to your account with the credit card on
file. This is actually a somewhat common occurrence when kids
other family members gain access to a phone with credit card
information on file.
The only word of caution about this method of
replenishment is that you don't want to accumulate any
debt by paying your wireless account with your card by not
paying off your full bill every
month. This will in
turn negatively affect your credit score.
So if you don't tend to pay off your bill in full each month,
would definitely recommend sticking to the cash based replenishment
methods; learn more in the Adding
you don't have a credit card, and for whatever reason either can't get
one (ex. poor credit), or don't want one (ex. cost control), a prepaid
debit card may be a great option for you. Learn more about
A Word About Identity Theft:
theft is when someone
gets a hold of your name, address, social security number, and other
personal information. They then use that information to
basically pretend that they're you, and apply for credit cards, bank
accounts, mortgages, card loans, and other accounts in your name.
often take years before you figure it out. In the meantime,
your credit score gets severely impacted, and you may not find out
until you try applying for
a car loan, mortgage, or new credit card, only to find out that you've
been denied due to poor credit.
I have heard about identity theft many times, always thinking
horrible, but could never happen to me. Then two people I
used to work with told me that they had their identities stolen.
And needless to say, it's a huge pain in the butt, not to
mention expensive. So even though it hasn't happened to me
yet (knock on wood!), I have my credit locked just for peace of mind.
theft services, including a satisfaction guarantee. Please
feel free to check them out
to see if their program can meets your needs. Learn
more about how to Define
, and how to protect yourself. If
you're not taking any proactive measures, I feel that you are putting
yourself at risk, which can be easily avoided with some education, so
please read the articles I have on this topic, and let me know if you
have any questions!