I received the mail-in rebate prepaid debit card last month as promised. I activated it, and then I immediately made a one-time payment to my phone bill for the full amount on the card. I received my phone bill today. The payment showed up correctly. Because the payment was more than my last month’s bill, the remainder is carried over as a credit to this month’s bill. I cut up the card and threw it away. Everything worked exactly as planned. Whew, I didn’t fall to any of the breakage traps. I still wonder how much the issuers earn by switching over from issuing rebate checks to issuing prepaid debit cards. It must be substantial.
See All Your Accounts In One Place
Track your net worth, asset allocation, and portfolio performance with free financial tools from Personal Capital.