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Prepaid Credit Cards in Canada

Prepaid credit cards look and feel like any other recognizable credit card with one exception, they are “pre-funded” – Stored value cards. Having a prepaid credit card requires you to load funds on your card, which then allows you to make regular purchases, as with a normal credit card and get cash from ATMs since you are not borrowing money from a bank or other financial institutions. If you tend to overspend or would like to control your spending then a pre-paid debit card or prepaid credit card could be a good card for you.

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