Teen idol Justin Bieber is selling more than music these days. He’s putting his brand on a pre-paid debit card for teenagers.
According to one estimate, some consumers could save as much as $1,000 over two years by opting for a prepaid or month-to-month plan, instead of a contract plan.
Millions of Americans are replacing their banks and credit cards with prepaid reloadable cards. But many consumer advocates are concerned because of possible fees.