Prepaid Debit Card Fees

#1 (**permalink**) 09-18-2008, 02:20 PM

I thought it would save me a lot of money but I discovered that you still have a lot of fees when you purchase a Prepaid Debit card. This article explains most of the fees that I encountered. Prepaid Debit Card Fees

Does any one know of a card that has little or no fees.

#2 (**permalink**) 09-19-2008, 10:19 PM

The best prepaid debit card that I have come across is the Walmart one. The fee is still pretty high but its lowest when it comes to prepaid cards.

#3 (**permalink**) 09-20-2008, 07:50 AM

Learn to manage your financial and use a free debit card from a bank... There is no reason to get fees if you have at least 1 point of financial IQ...

I have account in three banks, in my favorite one (Citibank) I have 2 checking and three savings. I have a total of 3 debit cards, each one of them for different purposes and I have a total of 14 credit cards.

I carry no balance on those credit cards, and I recently got a 6.24% APR car refinance... my credit is greatly above 700s....

All of this and I did not paid a dime to a bank in fees... at least, not on my own fault... and the ones that were not my fault... were waived (of course)

My yearly household income is as low as below $40.000.... so I'm not rich either.

I just have financial IQ... be smart with your financial and take profit of this.

Jeanie · #4 (**permalink**) 09-20-2008, 09:25 AM

I never understood the purpose of a prepaid "debit" card when you can get one for FREE from a bank. I suppose if you don't have a bank then I could see but, I don't know a single person that does not use one.

~Jeanie

#5 (**permalink**) 09-20-2008, 12:10 PM

I guess there are people with such a low financial iq that they do not even know how to handle debit card.

Go to the OP's site and watch the video! Pathetic!

#6 (**permalink**) 09-20-2008, 06:31 PM

Hi there! I am not able to get a bank account due to identity theft so I have to use a prepaid debit card.Sometimes,it is easier to carry the debit card instead of cash.So, if it gets lost you can still be refunded your money.

Jeanie · #7 (**permalink**) 09-21-2008, 07:39 AM

Just depends on the situation if you can get your money back..I also prefer to carry some kind of a card because carrying cash is scary..with cards I know I can call them up and close them if lost or stolen..cash is gone when gone, LOL

~Jeanie

#8 (**permalink**) 09-22-2008, 06:17 AM

Yeah, and it's bulky too.

Jeanie · #9 (**permalink**) 09-22-2008, 08:25 AM

Yeppers, most definately!