Prepaid Credit Card That Builds Credit

There’s no such thing as a prepaid credit card that builds credit. In fact, the term “prepaid credit card” itself is a misnomer. There are two different products it could be describing: a secured credit card or a prepaid debit card. Read on to learn about the differences, what each can and can’t do, and […]

Difference Between a Secured Card and a Prepaid Card

If you have bad credit, you’ve likely gotten mail offers and seen online advertisements for secured credit cards and prepaid debit cards. Before you jump on an offer, though, it’s important to understand the difference between a secured card and a prepaid card, and which option you need right now. To help you understand, we’ll […]

American Express Bluebird

Is the American Express Bluebird a credit card? Not quite. So, is Bluebird considered a checking account? Not that either. Bluebird by American Express and Wal-Mart is a financial account with a prepaid card that you can use as a substitute for a bank account. “It’s essentially an Amex branded debit card,” says Anne P. Mitchell, a […]

NetSpend Preapid debit card

If you’re looking for a prepaid debit card, you might be overwhelmed with the selection. The NetSpend Prepaid Card can be a good option if you use it right, but watch out for the fees. Read on to learn more about the NetSpend Prepaid Card and whether it’s right for you. NetSpend Prepaid Card: The […]

prepaid debit cards

5 Ways Prepaid Debit Cards Can Help You Budget

Sticking to your monthly budget isn’t always easy. If you use credit cards, there’s always the chance that you’ll overspend. Using your debit card to pay for everything can also be risky, with overdraft charges looming if your balance gets low. And the fact of the matter is, you can’t use cash for everything anymore. […]

prepaid cards

How Do Prepaid Debit Cards Work?

Prepaid debit cards are becoming more popular as a payment method. More than 23 million people use them regularly (source). For many, they offer a simple money management system. For others, they’re an alternative to other payment methods they either can’t or don’t want to have. In this article, we’ll explore how prepaid debit cards […]

Rise of prepaid cards causes CFPB to set new regulations

Prepaid cards are one of the newest and fastest growing sectors in the electronic payment business. In 2003, the reloadable cards sector — another name for prepaid cards — was a small niche worth approximately $1 billion. Fast forward to 2012, and the prepaid cards sector was valued at $65 billion. By 2018, the sector […]

You’ve had it. The mob bosses in charge of your money – otherwise known as your bank – have taken you to the cleaners one too many times. They like to post debits before credits and their on-line balances can lag a day behind. You start to ask yourself, Good question. According to a 2013 […]