Prepaid debit cards are often thought of as only being tools for people with low incomes or bad credit, but in some situations, a prepaid debit card can provide benefits regular credit and debit cards can't. While you'll miss out on bonus rewards from Prepaid cards are gaining in popularity and it's easy to see why Between 2008 and 2012 the amount of money loaded on general purpose reloadable prepaid debit cards almost tripled to a total of $76.7 billion, according to Mercator Advisory Group NEW YORK (CNNMoney) -- JPMorgan Chase wants a piece of the booming prepaid card business. The bank announced this week that it will launch a prepaid card called Chase Liquid. The card has been rolled out in about 200 branches, and it will be offered (Photo: Walmart) Companies are charging fewer fees for prepaid cards, and adding features that put them on par with bank debit cards, according to a Consumer Reports study released this week. But their costs can still be hard to decipher. Consumer Reports I can still remember the first time I was asked to write about prepaid debit cards. It was in 2008 and I had been writing about personal finance and investing for a year at my blog, the Dough Roller. A friend asked me to cover the topic and my response was They make the list because they have low fees and offer direct deposit making them ideal for getting your tax refund. AccountNow Prepaid Visa Card The AccountNow prepaid Visa card is a low-fee, reloadable card. It can be used everywhere Visa debit cards .
College is an important time to learn about managing finances, if you haven’t already started. How you handle your money will be greatly affected by what method you use to access your money. The traditional method is to open a checking account at a bank Consumer Reports ranked 26 prepaid debit card offerings from best to worst, and reported that bank prepaid cards were not necessarily cheaper than other products. Last year, prepaid cards were used in 1.3 billion transactions that totaled $77 billion Prepaid debit cards are typically promoted as a convenient alternative for people who don't have a bank account. Turns out they have a much broader appeal. A new report from the Pew Charitable Trusts found that most people who use general purpose New scams involving prepaid debit cards are making headlines: Fake loan modification schemes. Fraudsters posing as Internal Revenue Service officials demanding immediate tax payments. Hacking scams involving phony legal fines. So how safe are prepaid .
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