If you're thinking about getting a prepaid debit card like the one the Kardashian sisters launched a while ago you should know the whole deal behind it. While the reality stars' venture ultimately failed, there are plenty of other cards out there that are targeting teens. However, MyBankTracker.com CEO Alex Matjanec says they may not be the best way to go.
"I have always been intrigued as to why consumers would go the prepaid card direction versus a traditional credit or debit card," he says. "For the teen demographic that these cards mainly target, products such as a savings or checking account should not be an issue and opening a kids or student checking out is definitely a more appropriate option."
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