Spend Prepaid Visa Cards Quickly to Avoid Fees

Spend Prepaid Visa Cards Quickly to Avoid FeesSam Bornstein paid a penalty for his delay in using a Christmas gift he’d received in December 2009. His $50 prepaid MyTreat Visa card was refused as payment for a $48.08 purchase at a Boxing Day sale last weekend. What happened? The card’s $2 monthly maintenance fee, which kicked in after 12 months, reduced its value to $48. So he was short by 8 cents. “I was not advised of…

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