The "Hello Kitty" Prepaid Credit Card Gets a Poor Grade from Consumer Reports

Consumer Reports, America's premier independent product review organization, has given the "Hello Kitty" prepaid credit card a poor grade. The Hello Kitty card is a prepaid credit card that is aimed at kids who are too young to have a regular credit card. The company that makes the card, Legend Credit, is promoting the card as a tool that can help youngsters learn about handling money. But in fact, the Hello Kitty card comes with some hefty fees, including a $14.95 activation fee, a $2.95 monthly maintenance fee and a $14.95 annual fee. Consumer Reports advises consumers to shop around for better deals; many other prepaid credit cards being offered today have no annual fee and no monthly maintenance fee.

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Payroll, Employee Benefit and Other Types of Prepaid Debit Cards Are Spreading Like Wildfire Through Corporate America

Employee Benefit Prepaid Debit Cards, Prepaid Payroll Cards and other types of specialized prepaid debit card are catching on fast in corporate America, from Ford Motor to U-Haul to large law firms. Prepaid debit cards are saving these companies a lot of money by reducing the costs associated with employee benefit processing, paperwork, etc, while both employers and employees are saving money by reducing their overall tax burden.

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