Prepaid credit cards are an actual myth.  The term is inherently flawed and there are currently no prepaid credit cards available that gives consumers a line of credit.  Even so, the term "prepaid credit cards" are more commonly searched for online compared to "prepaid card".  

What many people fail to understand is that prepaid cards are not credit cards nor are they debit cards as well.  Prepaid cards are simply an alternative to an individual's own checking account.  With prepaid cards, consumers load money at various locations, make purchases, withdraw money from ATMS, pay bills, and even deposit their paychecks.   

User should know that prepaid cards would never report their transactions to a major credit bureau nor provide them with a line of credit.  Even though a true prepaid / credit card hybrid is nonexistent, a great number of talk about this card is apparent.  Prepaid card companies actually play a vital role in dispersing the idea of a prepaid credit card in order to make their products seem more attractive.   

Prepaid cards can generally be obtained without any approval process nor a initial deposit.  Add to this and ability to rebuild credit and a potential line of credit, and prepaid credit cards seem ideal for those with limited or less than perfect credit.  When individuals take into consideration the high security deposits required with secured credit cards, prepaid credit cards seems even more attractive.  For this reason, prepaid card issuers typically refer to their products as prepaid credit cards.  This gives potential customers the false hope that they are applying for something which is a hybrid between a credit card and a prepaid card.  Consumers should know that such a card does not exist.