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If you are looking for a credit card when your credit score is less than perfect or if you have had no credit history at all, the Eufora Prepaid MasterCard was designed with you in mind. The Eufora Prepaid MasterCard is offered by BANKFIRST and not only does it give you a way to build, or rebuild, your credit, but it also give you the chance to earn income when you make referrals.

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For the Eufora Elite Credit Builder Prepaid MasterCard, any time you refer a new applicant, you will receive $90 per year if that person is approved and keeps their membership in good standing! The annual fee for this card is $99.95 per year, but with the income opportunity you may be able to pay that fee easily with the referral earnings.

Read our guide to prepaid credit and debit cards then compare the latest offers online with moneysupermarket.com...

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Some great benefits of this card are that it offers purchase protection, auto rental insurance and up to $200,000 in travel accident insurance! Another unique perk of the card is the chance to win a new car each month! For every $100 spent on the card, the cardholder will receive an entry in the car drawing, which features 30 different vehicles.

If you ™e not happy with the offer you receive, you can try another lender. They all use different criteria to decide who to lend to, so a rejection from one lender does not mean you won be able to get a mortgage from another. Most applications leave a record on your credit report however read our Insider's guide to credit reports for more details.

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The minimum amount you can deposit into the Eufora Prepaid MasterCard is $5 and the maximum is $5,000. If you wish to have an additional card on the account, a fee of $9.95 is applied. There are also other various fees when you use this card for other services, like ATM withdrawals and "Credit Builder", and in certain situations, like when you are over your limit or inactive.

Money can be loaded on to your prepaid card by cash, bank transfer or even another credit card, and because it is a Visa or MasterCard you can use it anywhere in the world. Prepaid cards generally have the same uses as a credit card, so much so that they are commonly referred to as ‘prepaid credit cards’. However, there is a difference. A prepaid card is completely powered by your cash and therefore the money you have in your prepaid account is the money you have to spend. This means there is no risk of running into debt. There are no credit checks and no interest to pay. Consequently, rather than referring to it as a prepaid credit card, a better description would be a prepaid debit card, a prepaid Visa card or a prepaid MasterCard.

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So, when you are looking for a stored value credit card, you may benefit greatly from what the Eufora Prepaid MasterCard has to offer. With guaranteed approval, no monthly participation and application fees, the opportunity to earn income for referrals and the ease of direct deposit into your account, this card can be a great way to improve your credit.

Prepaid cards are electronic cards which allow card holders to access funds deposited to an account. A prepaid card can be used to withdraw money or pay for goods and services. Unlike a credit card, which extends a line of credit, prepaid cards are more similar to debit cards. Prepaid card holders can only spend the money they load on the card. Since no credit is extended to prepaid card holders, interest and overdraft fees are avoided.

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For more information or to apply for the Eufora Prepaid, Beth Derkowitz recommends Find Credit Cards.

So as a student, how would a prepaid credit card work for you A prepaid credit card works like a prepay mobile phone. You pay credit in advance of using it. Ita s a great way get the benefits of a credit card, without running up a debt. However, the fees can be expensive, so think carefully about whether ita s worth it. It can be used at shops and online, like a normal credit card.

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