Version: 2008
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Obopay

2 of 10

Full user review

  • 4.5 stars

    "Best Bang for the Buck on Prepaid Credit Card...."

    by cindylow on October 6, 2009

    Pros: A great way to make sure kids have money without handing out cash...can monitor use of the money sent to them and they always check in for more....
    The fees are less than most prepaid or reloadable credit cards and much more convenient.

    Cons: It takes a while for bank transactions to load on the card and the fees for credit card transfers are much more expensive but at least they are available if you are in a time crunch.

    Summary: This is the best way I have found to monitor and supply cash for college students and to have peace of mind that if an emergency came up it is possible to get the funds to them quickly. Kids also tend to loan their friends cash if they have it on hand....this method cuts down on that happening as easily. Most inappropriate purchases won't happen on a credit card that mom is monitoring....

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