Suze Orman, personal finance “extraordinare” has recently debuted a prepaid debit card called The Approved Prepaid MasterCard. Personal finance bloggers, including myself, were a little perturbed. Other celebrities including Russell Simmons and the Kardashians have been criticized for making a buck off of lower and middle class with these cards, so we didn’t quite understand why a finance guru such as Suze would be advocating a prepaid debit card. With its $3 monthly fee, fees for paying bills, fees from withdrawing from the wrong ATMs, fees for paper statements, fees for additional customer service, the list goes on. Sure, there’s some free things like opening the card and PIN transactions, but the fees outweigh the benefits. Seems as if she wants us to be mindless sheep and agree with everything she says.
Suze was making snarky remarks earlier in the evening that made me give the side eye. Things like:
Then I guess I stepped into the murky waters that is the Suze Orman Twitter feed:
Twitter went wild! PF bloggers came to the rescue and voiced their opinions, infuriated with someone we thought was a genuine person. Boy, were we wrong!
Safe to say it was an eventful, and unfortunately eye opening night. After reading the tweets, what do you think? Don’t just take my word for it; I’m willing to give Suze some much needed link juice for her poor debit card’s website, The Approved Card. If you feel as strongly as I do, share this post with the hashtag #denysuzecard!
You know how Suze basically implied bloggers aren’t “legit reporters”? Well, she even insulted one of those too. Ron Lieber, New York Times money scribe (and Verified by Twitter) also got a taste of Suze’s nasty medicine:
Ron’s article can be found at the New York Times. After Ron got his apology, we all got one, including Phil!
Feel free to leave a link to your Approved Card review in the comments:
- Suze Orman Pre-Paid Debit Card: Can We Afford It? Denied!
- Sorry, Suze Orman’s New Prepaid Debit Card Won’t Rescue Your Credit
- Suze Orman’s New Prepaid Debit Card
- Suze Orman’s New Prepaid Debit Card: The Approved Card
- TV Advisor on Money Offers Card
- Suze Orman Releases Prepaid Card. Wait, What?