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Does anyone use prepaid credit cards to avoid fraud?

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Does anyone use prepaid credit cards to avoid fraud?

Old 11-28-2014, 07:09 PM
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Default Does anyone use prepaid credit cards to avoid fraud?

We have had our credit card's scammed 3 times in the past couple of years. Instead of using my regular credit cards for online purchases does it make any sense to use prepaid credit cards? I've never used a prepaid credit card so I don't know exactly how they work so looking for some help.

Say I want to buy something online for $100, can I go to the bank and pay cash money to get a prepaid Visa card? Is that how prepaid cards work, I pay the bank to put a cash balance on a credit card and then the credit card works just like my normal credit card? I realize that not all scams come from online purchases but if I can use prepaid cards that will be one less opportunity to get scammed.
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Old 11-28-2014, 07:15 PM
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I've had my CCs hijacked 4 or 5 times since the 90's. I never had to pay a cent, and the charges were reversed quickly.

I do use "Virtual Card Numbers" on my Citicard MC when I deal with Internet sales people for the first time. Very easy to use, I just go the Citi website, log in, and get a one-time-use number in seconds.
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Old 11-28-2014, 07:27 PM
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Nah. I don't think CC fraud is a big deal if you're regularly checking your balance. I always get reimbursed quickly.

If you have good credit prepaids are throwing money for the minor/rare event of fraud.
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Old 11-28-2014, 07:35 PM
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My CC's are setup so, If I buy anything over $100,

Visa & Mastercard calls me to make sure its me buying that $101 to $4K item.

Never a fraud charge in 12 years.

Say I want to buy something online for $100, can I go to the bank and pay cash money to get a prepaid Visa card? Is that how prepaid cards work,
Yes, But some online seller don't take them and the prepaid CC fees will kill you
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Old 11-28-2014, 07:37 PM
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Why use more than one CC?
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Old 11-28-2014, 07:55 PM
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Originally Posted by Esuomm1 View Post
Why use more than one CC?
Because we have all 3 major cards: MasterCard, Visa, and Amex card's. The last card that got scammed was our Visa card which we never use.
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Old 11-28-2014, 07:57 PM
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Originally Posted by way557 View Post
My CC's are setup so, If I buy anything over $100,

Visa & Mastercard calls me to make sure its me buying that $101 to $4K item.

Never a fraud charge in 12 years.

Yes, But some online seller don't take them and the prepaid CC fees will kill you
When you use a prepaid CC I take it the merchant has a way of knowing it's a prepaid card? Fee's....I should have known.
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Old 11-28-2014, 08:07 PM
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Originally Posted by RussH View Post
The last card that got scammed was our Visa card which we never use.
Damn, that sucks.

I'd recommend canceling that one for starters. Never use is just a liability to have.

I only have two, a Visa and Amex and then (I think it's Equifax's) credit monitoring.

I hardly ever use the Visa (1 or 2X a year). Anytime my Amex gets charged I get a msg on my iPhone instantly letting me know a charge was made to the card.

Good luck and the ppd thing is way more hassle than what it's worth, IMO.
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Old 11-28-2014, 08:43 PM
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boy it's a changing world

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Old 11-28-2014, 08:46 PM
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throw the things away and save the hassle

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Old 11-28-2014, 08:59 PM
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What happens when you get scammed on the pre-paid cards? Do you get the money back? On all of my normal card(visa, mc, Amex) I am not responsible for any fraudulent activity. I only use an bank card to get cash from an ATM.
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Old 11-28-2014, 10:42 PM
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Originally Posted by Garett View Post
I thought you didn't need to live on credit cards Russ?.....throw the damn things away and save the hassles.
We don't carry a balance on any of our CC, but we do pay some monthly bills with my Bass Pro card so I get to use the points I accumulate. I also travel a lot for work which is why I have an AMEX card. Credit cards can be a pain but in my life it would be hard to live without them. Having a lot of unused available credit also helps keep our credit score very high.
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Old 11-29-2014, 04:36 AM
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Russ ours have been hacked a couple times too. I don't sweat it, the CC company is always quick to make it right. After all it's their problem, not mine (at least this is how I see it).

FWIW we carry 4 different cards. My wife has them set up for different categories so we maximize points and cash back. It's a pain in the ass but we end up with a few grand in perks every year.
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Old 11-29-2014, 04:52 AM
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We use a low balance prepaid card for the kids online accounts so they can add apps or games from time to time. Outside of that or giving them as gifts there is no purpose.
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Old 12-08-2014, 07:26 PM
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Can a merchant tell if the CC number you give them is for a prepaid card? I'm asking because I want to buy something from China and I would certainly rather put the $600 on a prepaid card -vs- giving them one of our regular CC's. The company is asking for Visa only, they don't take MC, AMEX, or Paypal.
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Old 12-08-2014, 08:38 PM
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prepaid can NOT be used "off shore" :-( !!!
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