I have a prepaid credit card from the Canadian Imperial Bank of Commerce (CIBC). I am grateful to the CIBC because they do not have service charges or maintenance fees on their prepaid credit cards. I can have a five-dollar balance on my prepaid card and not have to worry about service charges and maintenance fees eating my money.
I cannot get into debt trouble with a prepaid credit card. Also, I do not have to worry about bandits using my card. I keep a low balance in my account.
If a book costs $20.00, I will load $25.00 into my prepaid credit card account. That way, there is only a five-dollar balance once the book company debits my credit card. What can a bandit do with five dollars? Buy a personality?
I found out today that this system does not work with Indigo Books. They have a complicated credit-card billing system.