Prepaid Debit Cards: Allowance option?
The prepaid debit card seems like it just may be tailor made for parents looking to pay an allowance to their children while still “setting limits”, but is it?
The prepaid debit card seems like it just may be tailor made for parents looking to pay an allowance to their children while still “setting limits”, but is it?
Similarities and key differences between debit and credit cards are outlined.
Debit cards seem like such a good idea and in some ways they are.
You don’t pay interest. You only use the money in your checking account so there’s built-in discipline. For some transactions, like hotel reservations and airline tickets, you can’t use cash so a debit card is a good option. However, there is an increasing dark side to debit card usage.
While consumer advocates hail the credit CARD Act of 2009, they also brace for the next step by banks to recoup lost fees from the law: Fees on Debit Cards.
Using your debit card for everything versus using your credit card may sound like a good idea, but you might not know that there is a major downside to using them
Some examples of the type of bank behavior that will be eliminated with the Credit CARD act of 2009.
An overview of the changes consumers are facing with the credit CARD act of 2009.
Credit CARD act second phase is detailed
Video primer on the major policy points of the credit CARD act and how it effects consumers.
An informative video concerning the new CARD act and any effects it may have on credit scoring for consumers.