Tuesday, February 07, 2012

Prepaid / Debit Cards

New Technology Features Offered For Prepaid Debit Cards
Prepaid debit cards offer many interesting features not available to normal credit card holders when using credit cards for purchase transactions. These new features apply to debit cards due...

Be Smart About Debit Card Use
Debit cards are becoming nearly as frequently used as credit cards. According to payments industry consulting firm Mercator Advisory Group, in 2006, consumers will opt for paying by debit a...

Debit Card Payments Will Dominate Christmas Spending, Study Says
Debit card payments will surpass the use of both credit cards and cash for consumers' Christmas gift purchases in 2006, according to a survey by the National Retail Federation. The survey...

Debit Card Payments -- PIN or Signature?
Debit cards are rapidly gaining popularity, with consumers using debit cards in stores one-third of the time now, up over 50% in only seven years. Consumers who in the past were unab...

Prepaid Debit Cards
For the estimated 60 million Americans who do not have bank accounts, a regular credit card is not an option. But for those of us who want the convenience of a credit card yet may not be abl...

Using Plastic for Payments
For the first time since the dawn of payment cards, the use of plastic has surpassed that of cash and checks combined. This is quite a milestone that has been driven by growing consumer pref...

What are the Pros and Cons of Prepaid Debit Cards?
Prepaid debit cards began to take off in the 1990's as credit card company's realized that a significant portion of the U.S. population was not able to qualify for many of their credit cards...

How Do Prepaid Debit Cards Differ From Bank Debit and ATM Cards?
When banks first began issuing ATM cards in the 1970's, debit cards had very limited utility – unlike their counterparts, credit cards, which could be used almost anywhere. Consumers could o...

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Glossary
  • APR - Acronym for Annual Percentage Rate. The yearly percentage rate of the finance charge.
  • Intro APR - A low interest rate offered for a limited time, usually for the first 6 to 12 months.
  • Regular APR - A fixed yearly percentage rate of the finance charge.
  • Balance Transfer - The act of transferring the whole or partial balance of one card to another card.
  • Annual Fee - A fee charged by the card issuer for being a card holder.
More Terms