Consumer Reports: Positive news on prepaid cards

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KANSAS CITY, Mo. — Prepaid cards are increasing in popularity because many consumers prefer non-cash payment options, and prefer to avoid the debt that can quickly accrue if they use credit cards.

In the past, consumer-watchdog groups have warned about the fees and complications that come with some prepaid cards.

Some prepaid cards now offer better features and benefits for consumers, but it’s important to understand the costs that may be associated with various cards.

Consumer Reports just released a comprehensive study on 26 prepaid cards.

Click here to read about the ones they recommend.

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