Plastic money has now become an essential fixture in your wallet. But are all cards created equally? From bank-issued debit cards and point-earning credit cards to prepaid cash cards, navigating the many available options can be enough to make your head spin if you aren’t well-versed in finance jargon. Here’s the lowdown on each type of card in plain old English to make it a little easier for you to decide which type of card is best for you.
A debit card offers you instant access to money in your checking account without the hassle of having to go to the bank or ATM to withdraw and carry around cash. If you’re concerned about racking up debt, this is an ideal option because your spending is limited to the money that you already have in your account. There is the possibility of over drafting your checking account with a debit card, which can come with steep fees, however, Read More →