Thursday, October 1, 2009

Prepaid cards increase as credit scores rise

Armen Hareyan has an interesting article about how the use of prepaid cards is going up as many of America's credit scores are going up. Prepaid cards offer their users a safe way to use credit cards, can teach teens about managing money responsibly, and don't affect credit scores and reports.

After the current recession is over, do you think prepaid cards will continue their rise in popularity? Now that Americans have had a reality check in credit, when the economy returns to a state that allows for more spending, will we see an increase in Americans who turn to prepaid cards as an increased avenue of spending?

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