This card was created by co founder of Def Jam record label, Russell Simmons. This is a prepaid card and is issued as the rush card or you can get a baby phat rush card.
The rush card works like this; you deposit money into your account, then you use your card to make purchases. This card guarantees approval for everyone.
There is no chex systems check or a credit check. The rush card comes as a black card and the baby phat rush card is a pink card.
This card offers free direct deposit. To use this you simply fill out a form and turn that into your employer.
Your paychecks are then directly deposited into your rush account/card. You will still get the details from your employer. It will show the amount of your deposit and taxes and hours worked.
With this card you receive free online account access. You can also access your cash at over 800,000 ATM's.
You can use your card to make purchases online or over the phone. There is also another benefit; you can write physical paper checks from your rush card account.
To use this feature you visit the website and input the person or business that you want to write a check to. This includes name, amount of payment and address.
Then press send a real physical check will be sent to the business or person. This can save you money by not having to buy money orders again.
With this service and direct deposit you will also save money by not having to pay for check cashing fees.
However, we do not recommend the baby phat rush card. This is because they have many fees that other prepaid cards do not have.
An example is the convenience fee. This is a fee you are charged every time you use your card.
The convenience fee is $1.00 with a monthly maximum of $10.00. However you will be charged a convenience fee for every purchase you make in a month.
Only at the end of a full calendar month will the extra convenience fees be refunded to you.
That can end up being a full 2 months before you are refunded. This is unbelievable especially because many of us use are card more than ten times in a month.
Furthermore to be charged for every purchase you make seems outrageous. Then to have to wait for a full calendar month to expire before you are issued your refund is unbelievable.
Also with the rush card in order to use bill pay you must pay $2.00 and then an additional $1.00 for every check you write. There are many prepaid cards that offer this service for free.
The rush card claims there are no hidden fees however that seems to be a very contradictory statement. Especially when you are forced to read the fine print to discover that you will be charged one dollar for every purchase you make.
In sum, stay away from the rush card. There are many other prepaid credit cards available that have lower fees and better benefits.
The rush card works like this; you deposit money into your account, then you use your card to make purchases. This card guarantees approval for everyone.
There is no chex systems check or a credit check. The rush card comes as a black card and the baby phat rush card is a pink card.
This card offers free direct deposit. To use this you simply fill out a form and turn that into your employer.
Your paychecks are then directly deposited into your rush account/card. You will still get the details from your employer. It will show the amount of your deposit and taxes and hours worked.
With this card you receive free online account access. You can also access your cash at over 800,000 ATM's.
You can use your card to make purchases online or over the phone. There is also another benefit; you can write physical paper checks from your rush card account.
To use this feature you visit the website and input the person or business that you want to write a check to. This includes name, amount of payment and address.
Then press send a real physical check will be sent to the business or person. This can save you money by not having to buy money orders again.
With this service and direct deposit you will also save money by not having to pay for check cashing fees.
However, we do not recommend the baby phat rush card. This is because they have many fees that other prepaid cards do not have.
An example is the convenience fee. This is a fee you are charged every time you use your card.
The convenience fee is $1.00 with a monthly maximum of $10.00. However you will be charged a convenience fee for every purchase you make in a month.
Only at the end of a full calendar month will the extra convenience fees be refunded to you.
That can end up being a full 2 months before you are refunded. This is unbelievable especially because many of us use are card more than ten times in a month.
Furthermore to be charged for every purchase you make seems outrageous. Then to have to wait for a full calendar month to expire before you are issued your refund is unbelievable.
Also with the rush card in order to use bill pay you must pay $2.00 and then an additional $1.00 for every check you write. There are many prepaid cards that offer this service for free.
The rush card claims there are no hidden fees however that seems to be a very contradictory statement. Especially when you are forced to read the fine print to discover that you will be charged one dollar for every purchase you make.
In sum, stay away from the rush card. There are many other prepaid credit cards available that have lower fees and better benefits.
No comments:
Post a Comment