Prepaid credit and charge cards
HIT: Bluebird (pictured), a joint venture recently launched by Wal-Mart and American Express, provides almost everything for free: no activation or monthly maintenance fee, online bill pay, and mobile check depositing with an app. Prepaid cards “usually come with a lot of fees attached,” Bodnar noted.
MISS: The Magic card, bearing the name of basketball legend Earvin “Magic” Johnson, charges a $4.95 activation fee and a $4.95 monthly maintenance fee. “That’s a lot to pay,” Bodnar said.