Sentences with phrase «prepaid cards lack»

Despite their resemblance to regular credit cards, prepaid cards lack many of their features.

Not exact matches

The drawbacks of prepaid credit cards include limits on the amount of cash that can be loaded, withdrawal limits, and a lack of federal protection for deposits.

Unfortunately, the lack of regulation allows companies to impose a wide variety of fees on both loading and using prepaid debit cards.

Although the American Express prepaid debit card has a few drawbacks, such as the lack of a dedicated online bill pay service and only three loading options, we still herald this credit company for creating a prepaid card that customers can use.

The hassle of a check cashing store, loading money onto a prepaid card, the fees; not to mention the lack of financial products like personal, mortgage or auto loans can impede you from making major purchases.