The Truth Behind Suze Orman’s Debit Card

Financial advisor Suze Orman has created a new prepaid debit card and she wants you — and everyone else — to buy it. The Approved Prepaid MasterCard is promoted as “better than cash” and “safer than cash.”
Like other prepaid cards, you can’t go into debt because you can only spend the money that’s loaded on the card.

Bill Hardekopf, CEO of LowCards.com, says the Approved card has some nice benefits and fewer fees than some cards.
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“If you have to get a prepaid card, Orman’s card is a very good card,” Hardekopf says. But we still believe that a debit card that’s tied to your checking account is a better alternative than any prepaid card.”