Archive for November, 2011

Buy what you need, when you need it

The temptation to overspend and sink into the deep pit of credit card debt can be too much to avoid. Prepaid debit cards like the GreenDot prepaid card can be a great alternative. Assign a fixed amount of money to your prepaid card and you can shop without the worry of overspending and overborrowing.

The features that might appeal to you with the GreenDot card include:
- no mandatory bank account
- no credit checks
- no minum balance required
- no penalty fees or late payment fees
- no overdraft fees
- free card activation
- able to deposit your salary directly onto the card
- monthly statements
- dispute management if you are overcharged or unhappy with a merchant
- safety of a company established in 1999 and trusted so your money is secure
- use GreenDot worldwide, anywhere Mastercard is accepted
- more than 50,000 outlets worldwide accept GreenDot deposits
- more than 18,000 worldwide ATMs accept GreenDot debit card

One drawback to the GreenDot card is the $5 fee each time you load. The GreenDot card, like other prepaid cards does lack an overdraft facility which may leave in a difficult situation if your expenditure exceeds your available funds. This is also an advantage as credit and the high interest payments attached to it with regular credit cards can lead to long term pain.

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