The Pros and Cons of Prepaid Debit

If you’re still in college, you may notice fewer credit card companies offering you free Nalgenes if you sign up for some plastic. That’s because college are cracking down on credit-card marketing on campus to curb the trend of students graduating with massive debt. The WSJ reports that many companies are reacting by offering new “prepaid debit” cards, which sound harmless in theory but carry a few hidden traps of their own (not to mention the fact that they don’t help you build credit). Read more here>

The New Card on Campus: Prepaid Credit [via WSJ]