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That said, if you’re not using the right credit card, this strategy could end up backfiring and costing you money in the long run.
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Bounce too many checks, and you’ll find yourself in the Chexsystems, which many banks use to evaluate potential new banking customers.And if you know of other prepaid card offers that you think should be added to the list, please leave a comment. I'm at Day 26 in your 31 day money challenge podcast. I've been looking for a comprehensive guide to all-things-money and this has been so informative." --Danielle Get Instant Access!Editorial Disclosure: This content is not provided by American Express. The key to finding the right prepaid credit card is to find one that charges no fees or very small fees.
All prepaid cards charge various fees, but some of them waive some or all of the fees if you sign up for direct deposit.
As a result, prepaid cards can be used anywhere that Visa debit or Master Card debit cards are accepted (which is just about everywhere).
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