A new survey finds 96% of millennials who have credit cards consider themselves financially responsible, yet 44% of those surveyed have either missed a payment, paid a late fee, exceeded their credit limit or had to work out a payment plan with a credit card company.
Sionic Mobile launched its all-new ION Rewards app v4.0 for consumers, free in both App Store and Play. The latest release introduces new features and functionality including an interactive user interface, simple, yet secure two-tap checkout process and instant, real-time rewards for every purchase completed using the app.
Using a prepaid card is like paying with cash, offering the consumer no ability to establish a credit history. In fact, many prepaid cards lack security features. While the CFPB hopes to regulate better transparency about what prepaid card issuers do and don’t cover, currently these cards fall into a “buyer beware” category.