Should I Get an Emergency Credit Card for my Teenager?

Once your teenager is driving, it is a good idea that he or she have access to some funds in case of an emergency. You don't want your loved one stranded on the side of the road, unable to pay … Continue reading

Saving Money on Prepaid Card Fees

Prepaid debit cards have become incredibly popular, but most people don't realize how many fees can be associated with these cards. Whether you use prepaid cards as an alternative to a checking account or as a budgeting tool, you can … Continue reading

LowCards.com Weekly Credit Card Update–March 7, 2014

Another Day, Another Retailer in a Massive Credit Card Breach The corporate hacks keep coming. The latest target, according to cybersecurity blogger Brian Krebs, is the beauty supply chain Sally Beauty, a retailer that draws customers from salons and other … Continue reading

The Appeal of Prepaid Debit Cards

Two new surveys from the Pew Charitable Trusts show that prepaid debit cards have become a popular alternative to checking accounts for more Americans. Consumers loaded $64.5 billion onto prepaid debit cards in 2012, a 13% increase from the $56.8 billion in 2011, and … Continue reading

Prepaid Debit Cards Not Just for Unbanked Consumers

Prepaid debit cards are most often associated with unbanked consumers who use the cards to receive direct deposits or store their money securely. A surprising new study from Pew Charitable Trusts indicates that may not be the case anymore. According … Continue reading

Special Benefits of a Prepaid Card

Just about anyone can get a prepaid card, but many people believe they are only used as a gift or by people who cannot quality for a credit card. You may not realize some of the special benefits that prepaid … Continue reading

Top 10 Credit Card Stories of 2013

Identity theft and actions by the Consumer Financial Protection Bureau dominated the credit card headlines in 2013. Below are the Top 10 news stories of the year in the credit card industry. One of the largest data breaches in history … Continue reading

PayPal Now Accepts Prepaid Gift Cards for Online Shopping

With its wide range of uses, PayPal is considered one of the most versatile payment platforms for online shopping. But one thing that always bothered some users about this payment processor was that it did not accept prepaid gift cards. … Continue reading

Data Breach May Affect 465,000 Chase Cardholders

A recent hack of JPMorgan Chase's computer services may have exposed personal information for individuals who received their tax refunds, child support and unemployment benefits on prepaid cash cards this year. Chase oversees the debit card program for several New England … Continue reading

LowCards.com Weekly Credit Card Update–October 4, 2013

CFPB Targets Banks' Campus Deals The Consumer Financial Protection Bureau is concerned that deals between banks and colleges steer students toward checking accounts and debit cards that come with high fees or other costs. Schools and the banks say any fees and other … Continue reading

An Occupy Wall Street Debit Card?

Prepaid debit cards--it seems just about every celebrity has tied their name to one. Justin Bieber. The Kardashians. Magic Johnson. Suze Orman. Even cartoon characters. Now add the Occupy Wall Street folks. It may be hard to believe but on … Continue reading

Credit Cards for Bad Credit with No Annual Fee

Finding a credit card with bad credit can be a bit of a challenge. A number of credit card issuers don't want to take on the risk of this kind of account because low credit scores indicate a certain amount … Continue reading

Comparing Prepaid Debit Cards and Secured Credit Cards

Most people assume that prepaid debit cards and secured credit cards are the same. They both require some form of deposit to operate, and they are both available with no credit or bad credit. Nevertheless, there are key differences between … Continue reading

Credit Card Tips for Summer Vacation

Kids are now out of school, which means that a family vacation is right around the corner. This is an exciting time to take a break from work and spend time with the family, whether that is sitting at home … Continue reading

How to Teach Children about Credit Cards

When most young adults hit the age of 18, they are immediately bombarded with credit card offers. Many of them get caught up in the hype without understanding how to choose and use credit cards, so they end up in … Continue reading

Prepaid Debit Cards – How They Work and Why People Use Them

The prepaid debit card industry has grown tremendously in the last few years and consumers are expected to load $672 billion on these cards in 2013. What is the hype behind prepaid cards? Why do consumers love them so much? In this … Continue reading

American Express Gets FDIC Insurance

American Express has recently been scrutinized for lacking FDIC insurance on its prepaid cards. The company instead chose to work through a surety program, which gave its customers different levels of protection based on the states they live in. Amex … Continue reading

Debit Cards Transform Unemployment Payments

For the longest time, the U.S. government has issued unemployment and workers compensation payments through checks in the mail. They eventually opened the option of receiving direct deposits into a bank account, but that does not help the thousands of … Continue reading

American Express, Walmart Enhance Bluebird Prepaid Card

American Express is making two major changes with the Bluebird prepaid card sold at Walmart. These cards will now be backed by the Federal Deposit Insurance Corporation. In addition, consumers will have the ability to write checks and to make … Continue reading

How Do I Get a Credit Card If I Have No Credit?

People often assume that it takes bad credit to get declined for a credit card, but that is not always the case. A complete lack of credit may be just as detrimental to your chances, depending on what card you … Continue reading

LowCards.com Weekly Credit Card Update January 11

Why More Americans Will Fall Behind on Their Credit Card Bills This Year A quarterly report issued last month by the Federal Reserve Bank of New York said that, although our total debt dropped by $74 billion in the third … Continue reading

Social Security Benefits Go Paperless on March 1

Anyone receiving Social Security or other federal benefits has until March 1 to switch to electronic payments or prepaid debit cards. In a cost saving measure, the government started a program in May 2011 to eventually eliminate the paper checks … Continue reading

LowCards Weekly Credit Card Update July 13

Price of Plastic Going Up? Merchants May Get Surcharge Rights Merchants may soon begin to impose a surcharge each time a customer pays with a credit card, a practice Visa and MasterCard currently prohibit. Retailers have long pushed for the … Continue reading