None — Reloadable, prepaid debit cards can be used anywhere credit cards are accepted and prevent users from overspending, but they could come with costly fees.
The cards stop working when the money on them is gone and work again when they're reloaded.
Consumer Anthony Mora said the cards are attractive because they prevent overcharge fees.
"I've already had three overdraft fees in the last three months, so I definitely would consider that," Mora said. "It's an easy way to spend the money (and there are) no overcharges."
However, Action 9's Don Griffin said prepaid cards lack the protection that debit cards and credit cards offer if they are stolen. Plus, he said, there are hefty fees associated with prepaid cards.
Consumers Union looked at 19 prepaid cards and found activation fees ranging from $3, for the Walmart Moneycard, to $40 for the First Vineyard card. Some providers will waive those fees if people purchase the cards from the company website instead of from a store.
Most cards also charge monthly fees ranging from $2.95 to $9.95. Users can get around that, though, by setting up a direct deposit from their paychecks.
Reloadable card users can be charged more at ATMs when getting cash or checking balances, too.
Because of all the fees associated with the cards, Griffin said it's smart to think about the total cost and deciding if it's worth it before purchasing one.