Should the ‘Already Banked’ Consider Prepaid Debit Cards?

Date: Aug 29 2012

Filed under: Banking, Credit Cards

Kaiku Card Between the Great Recession and the consumer-oriented banking reforms that followed, it’s gotten significantly harder for banks to earn big profits from consumer credit cards. And that’s given them all the incentive they need to hunt down new products with which they can skim profits off of your purchases — among them, prepaid cards. And they’re not just for the “unbanked” anymore.

A few months ago, as you may recall, JPMorganChase (JPM) began touting a new prepaid debit card called Chase…

Should the ‘Already Banked’ Consider Prepaid Debit Cards? originally appeared on DailyFinance.com on 2012-08-29T12:55:00Z.

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