« Data Breach At Choice Hotels | Main | Data Breach At Pantone.com »

Thursday, May 17, 2012

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e008d035db8834016766797bde970b

Listed below are links to weblogs that reference 5 Things You Should Know About Prepaid Cards:

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Maureen

Like anything else, you have to read the fine print.

A lot of store gift cards lose value every month, and people don't realize it. I had a card which was a small refund to a store (something like $29) from 8-10 years ago, but I didn't remember I had it until almost a year later. By that time, the card had lost value to the tune of $5 a month - completely value-less at that point!

Some only lose $1 a month. Or they go by a fixed percentage drop, something like 5% of the total of the card, etc.

My regular bank (Citizen's) offers a secured credit card, similar in concept to prepaid cards, but the money is just there, secured to pay the card off if the owner doesn't "pay" for the credit on time, my daughter had one as her first credit card. They charged her an annual fee of $25, plus the money on the account actually earned interest if she wasn't using it. She had $500 secured - it was a good thing for her, the money was there, not "virtual", and I think it helped teach her to manage credit.

Not like when my niece had her first bank card and when the bill came, she said (in all earnestness), "You mean now I have to PAY for all of this?"

Macy's is nice because their gift cards not only do not EVER lose value, they can be added to without consequence. I wouldn't EVER get a "mall" prepaid card, I have heard nothing good about them from anyone!

Nancy

A lot of store gift cards lose value every month, and people don't realize it. I had a card which was a small refund to a store (something like $29) from 8-10 years ago, but I didn't remember I had it until almost a year later. By that time, the card had lost value to the tune of $5 a month - completely value-less at that point!

3ScoreComparison.com

The firm even applies mathematical models to data about your business to develop a commercial credit score for it.

The comments to this entry are closed.

Follow

  • Updates via E-mail RSS Feed Updates via Twitter Updates via Facebook

..

  • © 2007 - 2014. George Jenkins. All Rights Reserved.

.