Credit Cards

Tips, news, reviews, caveats, trends, updates and analysis related to consumer and business credit cards, and prepaid debit cards. From the interest rate specialists @ FedPrimeRate.com

Tuesday, June 14, 2005

The "Hello Kitty" Prepaid Credit Card Gets a Poor Grade from Consumer Reports

Consumer Reports, America's premier independent product review organization, has given the "Hello Kitty" prepaid credit card a poor grade. The Hello Kitty card is a prepaid credit card that is aimed at kids who are too young to have a regular credit card. The company that makes the card, Legend Credit, is promoting the card as a tool that can help youngsters learn about handling money. But in fact, the Hello Kitty card comes with some hefty fees, including a $14.95 activation fee, a $2.95 monthly maintenance fee and a $14.95 annual fee. Consumer Reports advises consumers to shop around for better deals; many other prepaid credit cards being offered today have no annual fee and no monthly maintenance fee.


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