I saw an advertisement for fee free prepaid card. Is there a catch somewhere?
Answered on Wednesday, August 4th, 2010 by
James Williams

Prepaid debit cards generally are less expensive than credit cards, yet they do have fees. There may be an activation or set-up fee, monthly maintenance, purchase or ATM transaction fees, online or paper statement fees, account cancellation, card replacement and other fees, like for using a certain service or tool. Fee free or free card in advertisement can usually mean that the card charges no activation fee, free transactions or no monthly fee, but their cost might be built into other fees, like that on direct deposit. To find out for sure, you should read terms and conditions of cardholder agreement. Prepaid debit cards are so diverse and offer so many options, you are sure to find one that offers best low or no fees on features important to you.

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OneTravel credit cards are issued by Synchrony Bank. The OneTravel Credit Card’s interest rate for purchases is 27.74% (variable). The OneTravel Visa’s interest rate on purchases is 26.74%. The OneTravel Visa Signature’s interest rate on purchases will be either 16.74% or 26.74% (also variable). Your interest rates will be determined by the issuer based on […]

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