Prepaid cards are said to be the answer for debt. The difference between this card and a credit card is that you can only spend the balance that has been preloaded onto it. But will this work? It has the benefits of not running into debt as it has no overdraft facility and helps against fraud as no personal details are kept on the card. The downside is they charge a monthly fee. Also it does not offer the same protection as a credit card. Also, worryingly, unlike a credit card if the card provider goes bust, the customer will lose money on it.