Visa credit cards for bad credit applicants and people who have been blacklisted or even think they may be on a blacklist for whatever reason are available to South African residents in different forms, the most popular being pre-paid cards. These prepaid cards are often used by those who do not wish to carry cash with them wherever they go or for people who like to shop online. It must be noted that these types of credit cards are not a method of borrowing money but more of a solution for those who cannot get approved for other solutions due to having a bad credit record or being blacklisted.
The way the prepaid Visa credit cards for bad credit work is that they are pre-loaded with a certain amount of money from a clients account. The client can then use that card to make purchases at shopping malls, restaurants, to buy goods online and anywhere in the world that displays the VISA sign. Obviously as soon as all the funds in a client’s account are exhausted the card cannot be accepted and will not work again until more money is deposited.
These types of cards are often used as original gifts for employees or loved ones. For instance an employer may set up a handful of accounts for his or her employees and pre-load the cards with a certain amount of money. Or, instead of giving a present or cash in a card for someones birthday or other occasion it can be a good idea to give a prepaid credit card as something unique. To get back to the original reason for this article, this is perhaps one of the most popular solutions to enable people who are blacklisted or have a bad credit record to get a Visa credit card.