Prepaid credit cards are a relatively new financial product in Canada, the first appearing in 2005.  While prepaid credit cards are affiliated with Mastercard and Visa and bear their logos, they aren't actually credit cards.  Prepaid credit cards are essentially electronic cash.  You load funds onto the card and spend it doing the same things you might do with a credit card such as purchasing things online or in person in a store.   There are two types of prepaid credit cards available.  Reloadable cards whihc can be reloaded with additional funds.  Non-reloadable cards which can only be loaded with funds once and after the funds are spent, the card is no longer usable. Finally, because you are not borrowing money or opening a credit account, credit checks are not required however you will have to provide confirmation of your identity when applying for a reloadable card.  Non-reloadable cards however are anonymouse unless you decide to add personal information to the online account management. Prepaid credit cards available in Canada (compare and see details): Vancity enviro Reloadable VISA card Reloadable Vancity mytreat VISA Gift Card Non-reloadable MuchMusic Prepaid MasterCard Reloadable Travelex Canada Visa TravelMoney Reloadable Bank of Montreal Prepaid Travel Mosaik MasterCard Reloadable Citizens Bank VISA Gift Card Non-reloadable HorizonPlus Mastercard Reloadable myPlash Mastercard Reloadable TitaniumPlus Mastercard Reloadable

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