EXTENSION CONNECTION: Defining prepaid or reloadable cards

Published: Tuesday, March 19, 2013 at 18:18 PM.

Reloadable cards require that you monitor your account. This will prevent you from being charged for unnecessary services.

Monitor your balance to prevent over-the-limit usage.

Fees

Not all prepaid cards are equal. Read the small print on the card's website before "loading "it.

Below are common charges associated with prepaid cards.

•Purchase fees for buying the card at a retail store.

•Activation fees: a one-time charge also called an opening fee — can cost $30 or more.



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