http://simpledebtfreefinance.com/the-credit-card-accountability-responsibility-and-disclosure-act-of-2009-and-gift-cards/ A Simple Approach to Getting Out of Debt and Into Wealth Thu, 24 May 2012 03:12:56 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://simpledebtfreefinance.com/the-credit-card-accountability-responsibility-and-disclosure-act-of-2009-and-gift-cards/#comment-9429 Patrice Peyret Sat, 19 Dec 2009 01:42:01 +0000 http://simpledebtfreefinance.com/?p=1593#comment-9429 The gift card industry needs some serious adult supervision. Like <a href="http://simpledebtfreefinance.com/tag/credit-cards/">credit cards</a>, gift cards are usually ripe with numerous fees and traps for maximizing the issuers' profits while minimizing the cardholders' benefits. Somewhere in between gift cards and credit cards, are general-purpose reloadable cards branded by Visa and MasterCard, which are much better deals, with no <a href="http://simpledebtfreefinance.com/tag/debt/">debt</a>, less fees and more usability. In particular, look for the prepaid reloadable cards available online rather than at retail stores: they are lower cost, issued in the name of the cardholder, and valid for 2 years. The gift card industry needs some serious adult supervision. Like credit cards, gift cards are usually ripe with numerous fees and traps for maximizing the issuers’ profits while minimizing the cardholders’ benefits.
Somewhere in between gift cards and credit cards, are general-purpose reloadable cards branded by Visa and MasterCard, which are much better deals, with no debt, less fees and more usability.
In particular, look for the prepaid reloadable cards available online rather than at retail stores: they are lower cost, issued in the name of the cardholder, and valid for 2 years.

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