Results: Prepaid cards: the advantages outweigh the disadvantages
Published on 11/01/2015
QUESTIONS
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Comments
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
COMMENTS