ADVERTISEMENT

Prepaid Credit Card: Interest Free but Loaded with Fees

Credit Card or Debit Card?


What is in a name? A reloadable or prepaid card looks like your credit card or debit card. The difference between a prepaid card and a credit card is that you are limited by money you load on your card. The big draw to the reloadable and prepaid cards is that, unlike credit cards, there is no interest charged for using these products.


In place of interest charges, however, they charge fees, fees, and more fees. Before you consider a reloadable or prepaid card do your homework and read the terms of the card. The money that you save could be your own.


Small sample of fees:

monthly fee, fee to add money to your card, fee to use your card, fee to check the balance on your card...




Lucille Tyler Baldwin

Author of "Sick and Tired of Being Broke"

http://www.thejourneytowealth.blogspot.com/

Views: 11

Comment

You need to be a member of Mom Bloggers Club to add comments!

Join Mom Bloggers Club

ADVERTISEMENT

ADVERTISEMENT

Advertisement

MBC CUTIES

Our current cutie was uploaded by Stephanie WentworthUpload a photo of your cutie. They may be featured here. See all of the cuties.

Our Latest Food, Travel & Lifestyle Posts

Is Your Man Loyal Or A Cheater?

Whenever two people form a relationship, there are moments when one might believe the other is cheating on them. Whether it's out of insecurity or there are signs that just don't seem right, it is painful and betraying. The good news, there are also signs that strongly suggest your man is not running around. …

Save Money on Event Planning

Whether we like it or not, we will all at one point have to wear the event planning cap. Why is that? Because we are human, and along with our humanity come life celebrations: baby showers, weddings, graduations, anniversaries, retirements, funerals, and the list goes on and on. I'm sure that I don't…

Advertisement

ADVERTISEMENT

ADVERTISE

© 2016   Created by Mom Bloggers Club.   Powered by

Badges  |  Report an Issue  |  Terms of Service