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02-13-2016, 06:37 AM #1
Why Would I Want a Prepaid Card
As someone who doesn't have a credit card, I use cash a lot. Some of my friends think I should use a prepaid card or a debit card instead. But I don't see any advantages. Especially with a prepaid - which carries all sorts of fees.
So why should I get a prepaid card?
02-13-2016, 01:52 PM #2
For the convenience of not having to take out and carry cash around. Stolen purses and wallets happen.
Also, it's a good way for families to make sure no one overspends.
02-18-2016, 03:50 PM #3
For some people, the cost of a bank account are too high, and they cannot get a credit card. But they need that 16 digit account # to pay for some items. Thus: prepaid debit cards.
Costs look high, but overall cost is less than being fleeced by banks over fees. It only takes one or two NSF charges to your account and a returned item fee to prove that.
03-21-2016, 07:59 AM #4
A lot of people use pre-paid debit card to receive their government benefits. In some places, I believe it may be mandated by law.Need a Card to Build/Rebuild Your Credit With? Read This >> Best Credit Cards For Building Your Credit
03-23-2016, 07:04 AM #5