Suze Orman, the advice that is financial, has been doing the headlines recently for supplying a branded prepaid credit card: The Approved Card.
Russell Simmons gets the Rush Card in addition to Kardashian sisters shortly offered a Kardashian Kard, that has been laden up with therefore fees that are many it arrived under research and ended up being quickly taken from the market.
Prepaid cards aren’t a product that is inherently predatory and certainly will actually be a good selection for un- and underbanked consumers who’re utilizing alternate economic solutions, like high priced check cashing and pay day loans. Prepaid cards usually are a tad bit more high priced compared to a checking account that is basic.