74 min listen
2.28.20 Don't put your tax refund on a gift card; Clark Stinks
2.28.20 Don't put your tax refund on a gift card; Clark Stinks
ratings:
Length:
38 minutes
Released:
Feb 28, 2020
Format:
Podcast episode
Description
Recently Clark discussed how AT&T issues refunds on stored value cards. These cards are intentionally tricky to spend down – disallowing partial payments by design to keep some of your money through ‘breakage’. Several tax preparation services are now trying to sell customers on accepting their refunds on stored value cards or even Amazon gift cards. These cards have ridiculous junk fees – monthly fees, per transaction fees etc. Putting a tax refund on any kind of spending card is a bad idea. The best use of a tax refund is to pay down debt or contribute to a Roth. Don’t fall for these pitches. They’re all about you spending, paying fees, and giving them the ‘breakage’ money left on the card that you end up forfeiting. It’s your money!
Christa reads listener posts about how Clark has missed the mark in his advice this week. If you have a "Clark Stinks" to share you can leave it here.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Christa reads listener posts about how Clark has missed the mark in his advice this week. If you have a "Clark Stinks" to share you can leave it here.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Feb 28, 2020
Format:
Podcast episode
Titles in the series (100)
Clark Howard: 02.21.17: Topics: Amazon lowers free shipping amount; Major TSA fail; Hackable childrens toys; Traffic and working from home; Kids savings challenge by The Clark Howard Podcast