The first credit cards were given out in 1950 to just 200 people. They were only accepted in 14 restaurants in New York.
Source: About.com (http://history1990s.about.com/
od/1950s/a/firstcreditcard_1.htm)
Debit card spending is likely to rise over the weekend.
A credit union is offering prepaid cards to its members.
Students can avoid getting into debt by using prepaid cards.
People going abroad on holiday are increasingly being advised to use a prepaid credit card for their vacation spending. This is because using a prepaid credit card abroad comes with added benefits, including extra security, convenience and more preferable exchange rates on currency. Read more...>
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Caxtonfx Global TravellerNo ATM fees or charges overseas |
£0 | UK: £1.50 Abroad: £0 |
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| ** No overseas ATM Fees ** | ||||
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FairFX Anywhere PrepaidZero fees, only pay 1.5% transaction fee (UK & abroad) |
£0 | UK: £0 Abroad: £0 |
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Escape Travel PrepaidFree to load the card with cash at any Phones4u store |
£0 | UK: £0 Abroad: £0 |
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| ** Three cards available, Sterling, Euro and Dollar ** | ||||
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Plus, these days travellers are aware that if they do take a prepaid credit card with them on their holiday, they will be able to use it in most destinations.
Travellers Cheques still remain popular, but they do not come with some of the added benefits seen with a travel prepaid card. Taking huge sums of cash is obviously even less desirable because it is hard to prove how much you had should it get stolen.
There are a range of travel prepaid credit cards that have been designed especially for use abroad and it is important that you consider your individual needs and circumstances when you compare prepaid cards because some charge commission on purchases overseas, but, fortunately, some don't.
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