Results for - Prepaid cards: the advantages outweigh the disadvantages
1,508 voters participated in this survey
1. Do you own a prepaid credit card?
2. When you first hear about prepaid credit cards, what comes to mind?
For reasons like the economy their use has increased
High fees associated with using them
Makes sense if you can't get credit
Fees are actually lower than some banks
There are no positive or negative aspects that would affect your credit score by using one
Can use to transfer funds for your kids that are in college; keeping them on a budget
You can monitor your spending
There need to be government regulations to control the fees
Good choice for those have had financial challenges in the past
3. Do you think having a prepaid card is a stigma, in other words you would have negative feelings regarding ownership, might even turn your nose up at the idea?
I do look down on others that have one
No judgement towards users of prepaids, but not for me
I think it's a great option for those who need it
11/02/2015 Money 1508 22 By: ptajuggalette