There are an escalating number of prepaid credit cards being used by the UK and the US citizens. Some credit cards are specifically oriented towards the teenagers while others on the offer are fully branded and come in forms of prepaid Visa or MasterCard. These cards have Chip & PIN capability and also have high reload limits.

There are several credit cards available in the market. However, among them the Account Now Vantage Debit MasterCard is a credit card of stored value and is specially designed for those who have trouble in obtaining a standard credit card.
MetaBank issues account Account Now Vantage Debit MasterCard and this card does not need you to open a bank account. All you need to do is to make payments in advance, which are used to counterbalance purchases that are made with the card in the future. You can also make advance payments directly from your paycheck.

There are some fees applicable for this card. Primarily you need to pay an activation fee of $29.95 and a monthly fee of $9.95amounting to $119.40 per year. You must be happy to know that no additional charge for U.S. purchases is required if you become a cardholder of Account Now Vantage Debit MasterCard.

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Credit card is of biggest craze now days, people tend to consider it as a status symbol commodity. It is said that if you have credit card in your pocket you have the entire world with you. Whatever you want to purchase and whenever you want to do so, the credit cards are there with you. Carrying dollars and pounds in your wallet is no more required. You need is a small credit card which meets all your needs. However, every new innovation has its own merits and demerits. Some of the merits and demerits of the credit cards are listed here:

The pros of credit cards are:

• These cards are small and hence are convenient to carry.
• Credit cards are secured substitute of cash.
• Monetary source during emergency
• Builds up your credit score
• Accepted in US and all over the world
• More like a short-term loan with no interest.
• Cash rebates and promo offers are always available.
• This is a means to purchase items of high cost.

The cons of credit cards are:

• Can be stolen easily
• People tend to use it extravagantly
• You need to pay penalties for late payment of loans
• Personal misuse can result in bad credit.
• Many of the stores do not accept credit cards.
• Monthly bill will have to be paid on time to escape finance charges.