Credit cards without checking account: what they are
If it is true that credit cards were born as financial products associated with bank current accounts, it is also true that by now there are credit cards on the market that do not require the presence of any current account to be released.
In the category of credit cards without a current account, prepaid cards appear, or financial products initially intended for young people, to whom we wanted to grant a convenient and quick tool, to be recharged or to be recharged, to have money available to spend.
The prepaid card is a virtual wallet in which money can be added to be used for any need. Unlike credit credit cards, prepaid cards do not allow you to go “under” budget, but only to use the money you have on your account: in this way you do not incur the payment of interest and incidental costs that characterize credit cards. balance linked to an account.
Types of cards available
As we have seen, credit cards without a checking account are prepaid cards. In fact, up to a few years ago, revolving cards were also included in the category of cards without account, which unlike prepaid cards are real non-finalized mini-loans.
These cards contain a credit which is financed by the lending bank, which credit must then be returned in small installments. A few years after its release on the market, the release of a revolving card without a current account was eliminated, probably because, in the absence of guarantees and perhaps even work, it was more difficult for the bank to get its due back. For this reason, today revolving cards are only part of the non-finalized loans, intended for individuals who have a bank account.
Credit cards without prepaid checking accounts are divided into rechargeable cards, IBAN cards and disposable cards.
- Rechargeable cards are cards that can be recharged by the user with the credit he needs. Top-ups can be made online, or by paying the established amount, at the counter of the institution that issued the card. In some cases it is also possible to top up at the authorized Sisal and Lottomatica agencies.
- Prepaid cards with IBAN can be assimilated, for the functions they have on a real current account. They are equipped with an IBAN code therefore through them it is possible to get your salary credited, receive and send wire transfers, electricity, gas or telephone bills. To these functions are added those that characterize the standard prepaid cards, therefore withdrawals from ATMs, make phone top-ups and make purchases at shops or on the web.
- “Disposable” cards, on the other hand, are prepaid credit cards that have an amount inside, already paid at the time of purchase, after which the card can no longer be used but must be thrown away.
Who can apply for a credit card without a checking account?
Credit cards without a current account (essentially prepaid cards ) are the most used financial products because they are versatile, but also because they can be requested by anyone, even by those who would hardly have access to other forms of credit, such as atypical workers, housewives or young people. In some cases, minors may also request them, provided that the parents act as guarantors.
The cost of prepaid cards varies according to the institution that issued them. Normally the practice is to pay an amount for the activation of the card and simultaneously perform a first top-up of an amount established by the bank itself. In addition, there are often commissions to be paid at the time of top-up and expenses that are charged for withdrawals from branches other than those of the institution that provided the service.
The situation is different for credit cards without disposable checking accounts, which usually have a release cost that differs from institution to institution, while the balance contained in them is usually between $ 50 and $ 500. If purchases can be made with them both online and at commercial establishments, some do not provide the possibility of withdrawing from ATMs.
Payment cards without checking account
The first prepaid card released on the Italian market and the one that continues to be the most used by all consumers, is undoubtedly Postepay by Poste Italiane. After Postepay, over the years, several financial products have been included with characteristics similar to Postepay but belonging to different credit institutions. Today, dozens of prepaid cards circulate on the financial market, so let’s see in detail those marketed by the main credit institutions.
Postepay is one of the most used credit cards without checking account in Italy. This prepaid card can be requested by any kind of user who is at least 14 years of age; in the latter case, obviously, the minor must be accompanied by a parent or guardian who will guarantee for the subscription of Postepay Junior.
The request takes place inside the post office, where it will be necessary to provide a valid identity document and the tax code. The maximum ceiling is $ 3,000 while the card can accept a maximum of $ 50,000 in one year. Daily withdrawal from any ATM, both postal and bank, is $ 250. The circuit on which Postepay operates is that of VISA / Electron.
Costs : For the release of the card it is necessary to pay $ 10, 5 to open and 5 to top up. Each top-up made will cost $ 1, rising to $ 2 if you choose to top up from a Sisal ticket office
Enjoy by Ubi – Banca Popolare di Bergamo
Enjoy is the credit card without rechargeable current account with IBAN code that can be requested by going personally to a branch of Ubi Banca. The card is very convenient and is intended for all adults.
To obtain it, it is necessary to present a valid identity document and the tax code. There must always be a minimum of $ 25 on the card and a maximum limit of $ 50,000.
All withdrawals are free: you can withdraw $ 250 per day and $ 3,500 per month, while if the money is spent with payments in shops or on the web the daily threshold rises to $ 1,500 per day. Enjoy is part of the MasterCard circuit.
Costs : At the opening you will have to pay $ 2 with a first top-up of $ 25. To top up the card you spend from $ 0.5 to $ 3, depending on whether you decide to top up by going to the UBI counter, from the ATM or from the web.
Prepaid card of Credither
Credither offers several prepaid cards, so that each consumer can find the best solution to meet his needs. In fact, BNL offers a Standard solution, a Customized solution, one for Minor, one Corporate and finally the Telethon version.
The difference between these cards concerns the subjects who can use them, the methods of use and the purposes. The Minor card is intended for minors who are 14 years of age and who have lower withdrawal and payment thresholds than other cards intended for adults, that is $ 250.
The standard card can be used by any type of consumer who can withdraw $ 500 per day; the card becomes Personalized when you want your name and an image of your choice to appear on the card.
In addition to having a higher credit limit of $ 6,000, the maximum withdrawal and top-up amounts, respectively $ 500 and $ 600, the Company card also provides the possibility to receive top-ups from companies and VAT holders. BNL prepaid cards operate on the MasterCard circuit.
Costs : the issue of the card costs 5 $, except for the personalized card, for which the cost rises to 10 $. The top-up costs are always $ 1.
reCarige and reCarige with IBAN
To request the riCarige card, issued by the Carige Group, it is necessary to go directly to the branch. The riCarige card is offered both with standard formula and with IBAN, therefore it is able to satisfy any need.
Both cards provide a monthly fee of $ 1 which is not due if you are under 29, or if you top up or receive a credit of at least $ 250 during the month. Currently the fee is not due by any new customer due to a promo that will last six months.
To change, between the two cards, in addition to the different possibilities of use, also the limits of the amounts that can be contained in the card: the standard card has a maximum limit of $ 3,000 per month, with a maximum expenditure of the same amount, while with the card with IBAN the threshold rises to $ 10,000 with a spending threshold of $ 10,000 per month.
Withdrawals have a cost that varies according to the method you choose to use: withdrawals from the group’s ATMs are free of charge ; those made by other banks cost $ 2, which rise to 3 if you make a withdrawal from other branches of the Bank and to $ 4 if you have to withdraw from non-euro states. riCarige operates on the Visa / Electron circuit.
A Junior version is also available, which can be subscribed by children aged between 11 and 17 years.
Costs : for the issue, in both cases, $ 5 must be paid. Top-ups have a cost of $ 0.5 if made from the web, $ 1 if performed by ATMs of the same bank, $ 2.5 if made by debit or cash at the Bank’s agencies.
The advantages of owning a prepaid card
To shop online today it is increasingly necessary to have a credit card: operations such as booking a flight, ferry or train, for example, require the payment of the presence of a credit card and those who do not have one have a lot of difficulty to shop.
In addition to being used online, prepaid cards guarantee that you always have money with you without having to carry cash, a much more practical and above all safe solution.