Prepaid Credit Cards in Germany, Holland, Belgium and United Kingdom
Prepaid Credit Cards in Germany, Holland, Belgium and United Kingdom are not so widely
used and known as the “normal” credit card and Debit Cards from providers like MasterCard,
Visa and American Express.
Credit Cards and Debit Cards: what is the difference ?
The Credit Card is a facility the bank gives the cardholder to spend money to a limit and
charge the customer afterwards. Most banks ask for a proof of income and address besides
a copy of passport, drivers licence or ID card and utility bill. This card can be used worldwide
everywhere it is accepted.
The debit card does not have a credit limit so the cardowner must preload the card with cash
before it can be used. Debit Cards are also known as prepaid cards. Because this cardtype
has no credit facility you do not need to give a proof of income .
The biggest names is this branch are MasterCard, Visa, American Express and Maestro.
What is a Prepaid Credit Card ?
Simply said: a Prepaid Credit Card is a credit card without the credit facility. It is also called
a secured card. The cardholder must upload cash on the card before using it.
Prepaid Credit Cards in Germany
In Germany the Prepaid Credit Card was introduced for teenagers from 14 years and older,
off course with the parents permission.
The XBox Prepaid Card to spend money online was then introduced and the New Yorker
Dress Card by this fashion retailshop.
Prepaid Credit Cards in Holland
Prepaid Credit Cards are not used because the Dutch have a sytem known as the PIN
( Personal Identification Number ) transaction. When you pay with your bankcard and pincode
the retailer pays a fee. The use of the regular credit card is low in the Netherlands. One of the
reasons is that the Dutch have a bad credit system ( called BKR ) all banks and credit
providers have access to. When registered your application for a credit card will be rejected.
Prepaid Credit Cards in Belgium
Like Holland the Belgians are not familiar with Prepaid Credit Cards. The systems they use
are called Mister Cash and Bancontact. The payments are done with a PIN number just like
Prepaid Credit Cards in United Kingdom
Unlike Germany, Holland or Belgium Prepaid Credit Cards are more widely used in the United
Kingdom. To apply for one you have to live in the UK so these cards are limited to one country.
Is there a Prepaid Credit Card you can apply for in any European country ?
Yes, since 2009 it is possible to get a Prepaid Credit Card from any country in Europe.