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Pre-paid Credit Cards

Clearing Up the Considerable Confusion
in Plastic Terminology:Prepaid Debit Cards,
Debit Cards, Secured Credit Cards, Prepaid Credit Cards, Unsecured Credit Cards, Charge Cards,
Gift Cards

By John Ulzheimer Ok, I get it…the world of financial services can be complicated and confusing. It’s hard to calculate APRs, and it’s hard to forecast interest paid on long term credit card debt. And, according to a recent survey by VantageScore Solutions and The Consumer Federation of America, consumers don’t know very much about credit scores. But nothing, and I mean nothing, has caused more confusion lately than the misuse …Read More

Cards for the Bank or Plastic Averse

Reloadable prepaid cards are magic bullets to help overspenders and those who steer clear of banks. But they won’t build your credit and can cost you plenty in fees if you’re not careful. “If you know what questions to ask and you spend some time shopping, prepaid cards can be a positive tool for managing money and can even be a substitute for a traditional checking account,” says Jennifer Tescher, …Read More

Five Smart Tips On Choosing a Prepaid Debit Card

1. Use: Determine where and how you will use the card, to pay bills, save, shop, buy groceries, or get cash at the ATM. Also, decide what features are important for you to have with a card such as a savings program so you find the one that best meets your needs. Cards can be conveniently purchased at financial institutions, online or at grocery, big box and drug stores. 2. …Read More

The 411 on Prepaid Cards

By Jason Alderman Senior Director, Global Financial Education, Visa, Inc. According to Gail Cunningham, spokesperson for the NFCC, we live in a credit-dominated society. “Without a checking or savings account,” she says, “it’s difficult to cash payroll, Social Security and unemployment checks; you need a credit or debit card to shop online, book a flight or rent a car; and you may be forced to carry large amounts of cash …Read More