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Pre-Paid Travel Cards May Not Be Worth It

CBS MarketWatch reports a new trend in plastic and it's called the pre-paid travel card. For a fee, you can load it up with an amount of money you think you will need on your trip. One of the big benefits is that the card is not linked to your bank account so if the card is stolen, the thief will not be able to access your bank account. But do travelers really need another piece of plastic to carry? With charge cards like MasterCard and VISA promising to cover any charge made to your card that you did not authorize combined with the $8 to $15 upfront costs and "reloading" fees for the traveler card, they may not be the best deal. However, if you are trying to control your child's spending while they are traveling then these cards may be the savior you are searching for.

Steve Hall | July 24, 2004 | Advice | Permanent link
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