Monday, January 23, 2012
Orman's prepaid card might offer teens a chance to learn
Suze Orman, a financial expert, is promoting an alternative to credit and debit cards, The Approved Card. The Approved Card is a prepaid card that people can load and withdraw money from and use at ATMs. This card has lower fees than most prepaid cards if one follow the rules in the fine print. The article thinks The Approved Card is a good idea that could help teens and college students ease their way into actual credit and debit cards but the article is also skeptical because of the fine print and because the card isn't competitive fee wise if the user doesn't follow the rules and doesn't build credit history.
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