5) Fees With A Prepaid Card Are Minimal
Yes, there are some fees charged with prepay cards, but the fees are nominal compared with the fees you could potentially incur with a credit card. A good prepaid card will charge you a dollar or two per purchase and some have monthly fee options where you can pay as little as under $10 per month, inclusive of all regular transactions – that means you can pay no fees to use the card beyond that relatively small flat fee of less than $10. Compare that to some credit card companies that charge hundreds of dollars per year for the luxury of using their card. Couple that with zero financing charges and the savings can be huge!