Some people think that using prepaid cards can help them build or restore their credit. Not true. Unlike traditional credit cards, or even secured cards, the best one can say about prepaid cards is that they won't let you damage your credit.
Seems like every big bank has started offering prepaid debit cards, giving people without bank accounts a way to pay with plastic. Now, smaller bank Kaiku Finance is launching the "Kaiku Card" -- and it's hoping that regular customers will slip its prepaid cards into their wallets too.
Americans with limited access to banking services have been turning to prepaid cards for some time, but now Chase is pitching its new prepaid card as a good option even for customers who can get a regular bank account.