Tuesday, November 25, 2008

Prepaid Bank Cards

I heard an ad on TV for a prepaid Visa card. "Low fees. No interest. Helps control overspending." Well, that sounds like a good idea in this credit crazy culture.

  • Shop online or by phone
  • Pay bills
  • Easy way to track your spending and stay within budget

Oh, Wait. There may be a catch. Oh, yeah.

  • Activation fee.
  • Reload fee.
  • Monthly maintenance fee.
  • Withdrawl fee.
  • ATM fee.

Oh, look: purchase transactions - free. Live customer service - free.

1 comment:

Kay Dennison said...

Wal-Mart just did the same with their gift cards and so did my grocer. Barnum was right. There really is a sucker born every minute -- and one to take him every other. Sigh