money cards

United States
June 24, 2009 11:58pm CST
Credit cards are a pain in the neck and cost way to much. The monthly fees have gotten way out of had. I have cut up and paid off my regular credit cards and gotten just debit cards. I now have the Wal-mart Money Card and it is great. I have everything direct deposited to it. The monthly fee is only three dollars and there are no fees to check you balance on line. It is a Visa Card just like my old one and I can use it anywhere, but there is no balance to pay off monthly. What money you have in there is your credit limit!! It may not work for everyone but I have two, one I keep for emergencies with a constant balance I don't use and one I use and fill all the time.
2 people like this
4 responses
@callarse1 (4793)
• United States
29 Jun 09
I don't find the interest rates on my credit cards too high. I actually find them better than cash or debit card. For example, it's safer because you can dispute charges on the credit card (it can be somewhat hard to do with debit card or prepaid credit card). Sometimes you have emergencies (such as car accident or car repair). So a prepaid credit card won't work because if you don't have the money then you cannot pay for the emergency. However, I am one to say not to use it for everything and to pay lots on the credit cards. I pay off (if not I pay much more than the minimum payment) each month on the credit card. It's also a good step for your credit history, too. However some people cannot be responsible with credit cards so your option with the prepaid credit card, is a good idea! Pablo
1 person likes this
• United States
29 Jun 09
There are NO INTEREST RATES on debit cards. The reason for that is because you are not using their money. With a Debit card you are filling the card with your own money. So what ever the balance is - is what ever amount of money YOU put in there. The WAL-MART VISA OR MASTERCARD has a Maximum balance of $3,000 dollars. That is the most money you can deposit on your card. But you can keep making deposits as often as you like. You only pay a $3.00 fee.
• Philippines
28 Jun 09
I currently have 1 credit card which I use sparingly whenever I shop since I am afraid to be buried under a heap of debts. I am planning to get a debit card tomorrow because I feel it is much better to have a debit card than a credit card since you do not accumulate debts over time if you do not have money to pay for the bills.
• United States
28 Jun 09
Too bad you are not in the United States I would tell you to get the Wal-Mart money Card. It is a good card to have. It is a Visa or Master Card and only a 3 dollar fee a month. Do you know what kind you will get for your country?
@lampar (7597)
• United States
26 Jun 09
I switch to credit card after i gone through fire arms robbery of my cash wallet, thinking that i make a smart choice, but after the switched, i was safe from cash starve robber , go right into the trap of banker and got rip off from exorbitant interest rate and annual charges in their super tiny contract clauses. So now i am only using debit card for my purchases and few others magnetic cards as means for making bills payment.
1 person likes this
• United States
26 Jun 09
I love my Wal-mart debit vard. I have everything direct deposit to it. It works really well for me.
@PeacefulWmn9 (10424)
• United States
25 Jun 09
I did away with my credit cards too for the same reason that you did. I have two debit cards now and like that way much better...pay as you go!
1 person likes this
• United States
25 Jun 09
much better! i agree.