Pre-paid credit card use likely to rise

THE WORLD’S first disposable credit card has proven a success in this country, with nine out of 10 users planning to buy more of them.

The 3V card, which was launched by an Irish company six months ago, can be used as pre-paid card - this means that customers don’t risk running up massive credit card bills.

Credit card debt in this country has been growing steadily in recent years, with the Central Bank estimating at the end of last year that the country owed €2.09 billion on cards.