2) Credit Cards Charge Have Huge Fees That Prepaid Cards Don’t
If you are fortunate enough to get a credit card, you really have to budget your spending, because if you have to carry a balance, you can end up paying large financing fees every month. Those fees can be particularly high if you don’t have stellar credit. People with subprime credit ratings can pay fees well over 20% APR, which can add up to a lot of money if you are carrying a balance! Prepaid cards on the other hand have no finance fees.