You probably know the spunky Suze Orman as the world famous money manager that helps consumers with their own money matters. Well now she can add another accomplishment to her belt: she launched her very own prepaid debit card cleverly called “The Approved Card.”
In typical Suze style, she even arranged for her card to report spending information to Transunion, which helps consumers to build their credit. And not only do consumers build credit by using her debit card, but they’ll have access to unlimited credit reports as well.
Suze has insisted that the fees for this card remain low, so it’s just $3 up front plus a low $3 per month. The Approved Card is an alternative to credit cards and checking accounts, and there are no interest charges or overdraft fees. Also, since you can only spend what you put on the card you can’t accumulate any debt by using it.