Benefits of a Prepaid Credit Card
- Spending with Confidence-Everyday regular purchases Just present prepaid card to clerk, sign receipt - That Simple!
- Convenience-Prepaid cards can be used anywhere credit cards are accepted, also online purchases. Budgeting-You control how much money is loaded and the prepaid card provides an easier way to keep track of your cash.
- Security-Safer than carrying cash - and protects you from unauthorized purchases if the prepaid card is lost of stolen.
- Financial Independence for teens or college students-Families are choosing prepaid cards for teens and college students for a balance of independent decision making with a parental controlled environment.
A great alternative for people who do not have established credit or banking accounts.
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Latest News
Prepaid cards: Don't be misled - Yahoo Finance
They typically target consumers who have few other banking options because they have limited or poor credit. But they can come at a cost. "There are major misconceptions about the benefits of prepaid cards," said John Ulzheimer, CEO of SmartCredit.com.
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Prepaid Debit Cards Come With Fistful of Fees - FOXBusiness
Fox says. "If you are not that bank's customer, you are going to get a foreign ATM fee on top of whatever the card issuer charges you." Unlike banks and credit unions, most prepaid debit cards lack a network of ATMs users can access for free.
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American Express Campus Edition Debuts As Prepaid Debit Card For College Students - Huffington Post
Gone are the days when credit card companies set up tables with free candy and other gifts to get new college students to sign up for their services. This is the era of prepaid cards on campus. American Express announced on Wednesday the launch ...
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Prepaid debit cards scrutinized by regulators - The News & Observer
Now more than 30 million Americans use prepaid debit cards, according to a survey by the National Foundation for Consumer Credit Counseling. Last year, some $300 billion plus was put on prepaid cards, said Adam Rust, research director with ...
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