Prepaid cards

4 Financial Products to Avoid (If You Can Help It)

The financial industry is always pushing one product or another with claims it will make money management easier, save you cash, make you safer. But in some cases, the hype hides a less helpful, more expensive reality.

Prepaid Cards: 5 Good Reasons to Put Them in Your Wallet

Lately, many banks and celebrities have been encouraging us to switch from credit or debit cards to prepaid cards. And even though these tools have their downsides, we can think of five situations when prepaid cards are the right plastic for the purpose.

Prepaid Cards: Banks and Celebrities Love Them ... But Should You?

When financial industry reforms in Washington nixed some of banks' favorite ways to drain extra profits out of your credit and debit cards, they turned to a slightly different piece of plastic: the prepaid credit card. And celebrities are looking to profit from them too.

Is Prepaid the Future of Plastic? Fee-Hungry Banks Hope So

There's a new wave of plastic filling the middle ground between credit cards and debit cards: refillable cards -- or prepaid cards -- that act like a hybrid of both. They're an attractive option for consumers -- and a convenient way for banks to sidestep recent consumer protection laws.

Prepaid Cards Are 'Risky' and Loaded with Fees, Pew Study Finds

Reloadable prepaid cards, which work like debit cards without a bank account, have been growing in popularity. But prepaid cards are riskier than you'd realize, and most come with between 7 and 15 fees - many of which aren't disclosed - reveals a new study from a nonpartisan think tank.

Should the 'Already Banked' Consider Prepaid Debit Cards?

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.

Prepaid Credit Cards: Are They a Smart Tool for You?

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.

Are Banks Giving Up on Credit Cards?

After a long spell of losses on their credit card portfolios, banks are finally seeing that business return to normal profitability. So you might expect that those banks would be racing to offer new credit card to customers. You'd be wrong.

Prepaid Cards: Which Ones Are Worth the Fees

CardHub.com recently put five of the most well-known prepaid card issuers under the microscope to see how useful their products are based on fees and features. Which offers the best deal? The answer might surprise you. But the real question is should you use a prepaid card at all.