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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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There are hundreds of credit cards issued by dozens of major banks.
Because of this, a no fee prepaid credit card is about as close to a bank account as you can get, without getting a bank account.
Here are some other benefits of no fee prepaid cards: We will add additional free and low cost prepaid cards as they become available.
Time Magazine wrote about this phenomenon, which costs consumers $10 billion a year in fees charged by check cashing stores, payday loan providers, and others.
It’s not at all uncommon for consumers to spend 3% or more to get a paycheck cashed.
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.
t is estimated that about 40 million Americans do not have a bank account. For many, they are unable to qualify for a bank account because of past bounced checks.