It is very understandable that credit card debt can be an issue in the current economic times.  An example of having to take on credit card debt was sent to us by a member.  This member said that she tried not to put too much on her card and the purchases she did make each month, she would pay off completely at the end of the month.  She said she recently got into credit card debt when her german shepherd was hit by a car and she did not have pet insurance.  She also informed us that she lost her job recently.

It is completely understandable that credit card debts can add up.

To help you, we have listed a few credit card options that will save you money:

CREDIT CARDS

Discover Card has recently introduced a “Miles” card.  Like all mileage cards, you can accumulate air miles for use on airline tickets, car hire, hotels and more for each dollar you spend.

One advantage that you have with the Discover Card is that the screening, application and approval process is much easier than it might be with other types of credit cards.  Another advantage is the interest rate is lower than other cards.  You can apply on-line for this card here.

Discover Credit Cards have many types of cards to choose from.  One of the best is the Discover Student Card.  It really is the card to have if you are a full time or part student.  And since going back to school is a great way to ride out the recession, this card may apply to more people than normal.

The card offers a 0% interest on purchases for 6 months, no fees, cash back bonuses, and fraud protection. A great card all round and will save you money if you are a student.   You can apply for this card on-line here.

PRE-PAID CREDIT/DEBIT CARDS

Pre-paid credit cards and pre-paid debit cards are an often over looked way to save money.  They are simple to use and you can never spend more than what is on your card.  There are no interest rates, no annual fees, and many of them offer rewards for just having the card.

What’s the difference between a pre-paid credit card and a pre-paid debit card you might ask.  A pre-paid credit card carries the logo and backing of a credit card company such as Visa, Discover, Mastercard and others. A pre-paid debit card may also carry the name and backing of a major credit card company but a pre-paid debit card is usually provided by a third company that is affiliated with a major credit card.  This is often times a good thing as the company is free to make offers and incentivize its customer over and above what the major credit card companies will or can.   In the end, pre-paid credit cards and debit cards do exactly the same thing, allow you to make purchases.

We have listed the top pre-paid debit and credit cards currently on the market:

Account Now offers 2 types of cards.  One that is backed by Visa and the other backed by Mastercard.  The great thing about this card is that it is so convenient.  You can make deposites on this card from ATM machines and on-line. There is no monthly fee, or ATM fees.  And there is theft protection and identity protection on this card.  A really fantastic card in our opinion.

There is a 100% acceptance rate with this card.  You can apply on-line for one here.

This is another great prepaid card.  The card offers no activation fee, guaranteed approval, free direct deposits, free on-line bill pay,
balance alerts via email or sms, unlimited transactions and no ATM fees.

Simple, no cost card!   To apply for this card online, go here.

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