Results: Prepaid cards: the advantages outweigh the disadvantages
1.
1.
Do you own a prepaid credit card? Yes
15%
•
222 votes
No
77%
•
1154 votes
Undecided
3%
•
39 votes
Not Applicable
6%
•
93 votes
2.
2.
When you first hear about prepaid credit cards, what comes to mind? For reasons like the economy their use has increased
10%
•
145 votes
High fees associated with using them
21%
•
319 votes
Makes sense if you can't get credit
26%
•
398 votes
Fees are actually lower than some banks
5%
•
81 votes
There are no positive or negative aspects that would affect your credit score by using one
13%
•
191 votes
Can use to transfer funds for your kids that are in college; keeping them on a budget
11%
•
160 votes
You can monitor your spending
21%
•
312 votes
There need to be government regulations to control the fees
7%
•
100 votes
Good choice for those have had financial challenges in the past
20%
•
303 votes
N/A
38%
•
567 votes
3.
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
10%
•
147 votes
No judgement towards users of prepaids, but not for me
29%
•
444 votes
I think it's a great option for those who need it
27%
•
403 votes
N/A
34%
•
514 votes
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