Note: We receive a commission for purchases made through the links on this site. Our sponsors, however, do not influence our editorial content in any way.
Advertiser Disclosure: Many of the listings that appear on this website are from companies which we receive compensation. This compensation may impact how and where products appear on this site. The site does not review or include all companies or all available products.
Editorial Disclaimer: The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone.
User Generated Content Disclosure: Responses are not provided or commissioned by any of our advertisers. Responses have not been reviewed, approved or otherwise endorsed by any of our advertisers. It is not any advertiser's responsibility to ensure all posts and/or questions are answered.
With the credit crunch in full swing and the almost $11 billion of credit card debt that the country is in, more of the younger generations are turning to prepaid credit cards for their expenses. What are prepaid cards? These are credit cards that allow you to deposit money onto them but then use them to buy things like you would a credit card. They work much like a debit card.
Why get a prepaid credit card? They are good for situations that require a credit card, like renting a car or securing a hotel room. Debit cards are hard to use in these situations because they usually require the car rental company or hotel to take out a large hold on money in your checking account, which gives you less cash to use on your trip.
John A • July 26, 2013
These look fine until you realize a deposit, except directly from your employer, requires you to go to some third-party physical location and pay (about $5) to make a deposit. As a disabled person without a car, this is a problem. Why is there no online way to deposit (note, I did find one prepaid card that allows use of PayPal)?