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Consumer Reports Rates Worst and Best Prepaid Debit Cards. Consumer Reports ranked 2. Last year, prepaid cards were used in 1. Center for Financial Services Innovation.
Worst and Best Prepaid Debit Cards Rated. By SUSANNA KIM July 31, 2013. Getty Images. Score: 36/100. No activation fee and $9.95 monthly fee. Free prepaid credit cards with no fees are an alternative to. Here are some other benefits of no fee prepaid cards. There is no activation fee and no credit.
By the end of 2. 01. Consumer Financial Protection Bureau. Read More: Customers Lose Big on Bank Overdraft Fees. In its report released on Tuesday, "Prepaid Cards: How They Rate on Value, Convenience, Safety and Fee Accessibility and Clarity," the magazine reported that fee information was "often hard to find and difficult to understand. This problem is compounded by a lack of consistency in fee names and descriptions across cards, which makes it difficult for consumers to compare fees and costs across prepaid cards," the report states. Consumers Union, the policy and advocacy division of Consumer Reports, has tracked the prepaid card industry as it has matured and rated the 2. Here Are the Five Best Prepaid Debit Cards, as Rated by Consumer Reports.
The 5 Best and Worst Prepaid Cards. You won't get slapped with an activation fee if you. There's also no ATM charge, which is a common fee on. . they found that the The Good2Go Prepaid MasterCard has an activation fee of. for gift cards with no activation fees is to. Bright Hub Inc. All.
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