Prepaid Cards

This time, I have decided to write something about prepaid cards. We all know that with this kind of an economy, we are all looking towards a debt-free life, and prepaid cards seem to provide us with the right kind of option. There are numerous companies that are offering pre-paid cards, which act like a "DEBIT CARD" without a bank account. These cards are marketed continuously as a better option to traditional credit or debit cards.

But as with rose, watch out for thorns. Prepaid and re-loadable cards... on which customers load money, and then use it like a debit card without being afraid of debts.... Is actually more than a conventional credit card with their fair share of fees, according to an August 2009 report by attorney Michelle Jun of Consumers Union. The report was prepared on behalf of low-income clients of the Consumer Federation of America and the National Consumer Law Center.