Suze Orman has been a financial adviser on CNBC’s popular TV program, The Suze Orman Show. Her positive reputation for giving practical and realistic financial advice to everyday people has led her to launch her own prepaid credit card that will help consumers to stay debt free. The Approved Card is essentially a debit MasterCard and is accepted like a credit card in retails, online shops, and stores. However, the big difference between the prepaid card and a credit card is that you will need to top it up with your own money before you can use it.
One unique feature of the Approved Card is that it gives consumers unlimited free access to their credit report and credit score from TransUnion. On the Approved Card’s website, Orman lists that the card is safer than cash, debt-free and FDIC-insured as some of the reasons why the card is “the smart choice for you.” Orman also added in a statement that:
This is my answer for all those who are looking for a better way to bank, use plastic and feel secure knowing that their interests are being put before fees and profit motives.
Purchasing the card will cost $3 and there’s a monthly fee of $3. In addition, there are also additional ATM transaction costs.