Credit Cards

Alternative payment methods

These days most people shop online and as such think that a credit card is necessary for such use.
But the truth is there a many other and probably cheaper ways to spend your money.
A lot of these methods come with little to no charges and are quite secure, they may even come with prepaid credit, debit cards or electronic wallets turning your smartphone into a card of sorts.

5 Alternatives to credit cards

#1 PayPal

PayPal has been a trusted payments platform for years. It is used for both personal and business purposes. You can send money to friends and family, pay for goods and services online at very reasonable prices.

You can link your bank and or cards for instant payments to and from your PayPal account.  It is secure and fast.
PayPal is both PC and mobile friendly making it more convenient for the user.

#2 Amazon Payments

Amazon Pay is used for both businesses and shoppers.  It allows the shopper to pay for goods and get them delivered to their door from the comfort of their homes or shopping whilst on the go from a smartphone.

As with PayPal Amazon shopping makes it easy to transfer money and your account is kept secure.  You can check your purchase information, history and account balances at any time as it is both PC and Mobile friendly.

#3 ApplePay and Google Pay

Why not use your smartphone as an Electronic Wallet?

All you have to do is download the application to your smartphone and link up your cards.

The beauty of the e-wallet is that you can link up all your cards in one place.

To pay for goods at a checkout point (as long as they have a compatible device to do so) you simply tap your phone to it and it gets paid instantly.This way you can leave your cards at home and you have less chance of losing them or having them stolen.

on - Before applying for a credit card consider one of these alternatives

#4 Secured Credit Card

A secured credit card is just like a normal credit card, works the same as a normal credit card. But the monthly fees are a lot lower due to the fact that the card is limited to the amount that the owner has deposited into it.

So you are forced to only spend what you can afford and if bad credit is involved these are the best cards for that.  They can also help a person on their way to repairing their credit score.

Cards such as Milestone Gold Mastercard, Total Visa Credit Card and Indigo Platinum Mastercard are all designed to help people with a bad credit.Most secured credit cards offer greater rewards and can be used for things such as security deposits.As a credit card they are reported to the credit card handling agencies and as such, they put help to give your score a bit of a boost.

#5 Debit Cards

A debit card is much like the secure credit card only it is more of a savings account and not all of them come with the ability to shop online.  There are some facilities that do not take debit card payments and unlike the secured credit card they do not get reported to the credit agencies so will not have an impact on your credit score.

Your spending is limited to the amount that is in them and some need a minimum balance left in them to keep the account open.