Suze Orman Approved Debit Card: A List of Blog Posts

Suze Orman set off a firestorm by releasing her own debit card. Many people were disappointed that Suze's card charged many of the same ridiculous fees as other prepaid debit cards. And, unfortunately, Suze, who has long been seen as a consumer advocate who tells it like it is, muddied the waters a bit when it comes to prepaid debit vs. prepaid credit. (If you want to see the differences between prepaid debit and secured/prepaid credit, check out the prepaid debit card tip sheet we created to help you decide which is right for you.)

The way the card was marketed, many consumers might be forgiven for thinking that a prepaid debit card could help their credit scores. When it can't. Just because Suze's debit card will send information to TransUnion doesn't mean that data will be used for anything. And it won't be. Suze's web site, when you look closely, points out that the information won't affect your credit score, and it won't appear on your credit report. It's important to remember this: A prepaid debit card WILL NOT help your credit score. No matter whose name is on that card. (For a great post on how to create your own "prepaid debit" solution, check out a great post, How to Make Your Own Pre-Paid Debit Card -- And Suze Orman's Approved Card at Free From Broke.)

Suze Orman Approved Card

If you want to improve your credit, and you can't qualify for a "regular" credit card or a bank loan, you are better off getting a secured credit card. You will be able use it as credit, your payments will be reported to the credit bureaus, and you can begin to rebuild your credit. A prepaid debit card -- of any kind -- won't help you do that.

Sadly, the mainstream media is, for the most part, in love with Suze Orman's prepaid debit card because it is less bad than other cards of its kind. With personal finance bloggers, though, that doesn't cut -- nor does Suze's poor response to the criticism. If you are looking for posts on Suze's Approved prepaid debit card, here is a big list of places to start. (If we missed you, please add a link to your site in the comments.)

Blog Posts Reviewing Suze Orman's Approved Prepaid Debit Card

Here are the posts that break down the Approved card, and focus more on the nuts and bolts of the product:

Blog Posts Examining Suze Orman's Response to Criticism of the Approved Card

These posts are less about the Approved prepaid debit card and more about Suze's handling of the entire situation:

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  1. Is Suze Orman’s Approved Prepaid Debit Card Right For You? | Make Spend Save Invest - January 13, 2012

    [...] latest “big news” to hit the personal finance blogosphere is the release of Suze Orman’s Approved prepaid debit card. Suze Orman is one of the most well-known personal finance gurus out there, dispensing no-nonsense [...]

  2. Weekly Recap for 1/13/2012: The Totally Awesome Addition | The Debt Princess - January 15, 2012

    [...] blogs to mention for the Suze Orman Prepaid Debit Card debacle. But a few that mentioned me were CreditCards Canada, Sweating the Big Stuff , DollarVersity and The Free Financial Adviser. Thanks everyone for an [...]

  3. Weekly Recap for 1/15/2012: The Totally Awesome Addition | The Debt Princess - January 21, 2012

    [...] blogs to mention for the Suze Orman Prepaid Debit Card debacle. But a few that mentioned me were CreditCards Canada, Sweating the Big Stuff , DollarVersity and The Free Financial Adviser. Thanks everyone for an [...]

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