I recently had a reader ask me about the pros and cons of using a prepaid card. He had experienced some credit problems but found that to operate with any efficiency in today’s economy-some sort of debit card came in very handy.
As fate would have it I was planning a Thanksgiving journey from Denver to Annapolis, Md; what better opportunity to check out a prepaid card in the real world! Read more »
Blogging away debt has some interesting insights on consumers who use debit cards. When she went to return an item at Walmart she asked for the credit back on her card. Much to her surprise she learned that her debit card information was stored within the bar code of the receipt-as it turns out the card information is not on the bar code but rather the transaction!
On another note concerning debit cards-banks are raking in tens of millions of dollars in fees from customers who don’t keep good track of their debit purchases. Most banks will gladly pay the merchants and charge you $35 a whack. If you don’t keep meticulous records-go back to the credit cards!