by Dan Moskel,
published October 22, 2008
syndicated: 1 | total views: 81 |
word count: 497
laesbarhedsindex readability score: Easy Readability
website: http://cardsuggest.com
T
he baby phat rush card is a prepaid credit card. It was created by Russell Simmons he co founded the popular Def Jam record label.
The baby phat prepaid card works this way; you make a deposit on your card, then you can use your card to make purchases, then the funds to pay for those purchases are deducted from your card. The card offers 100% guaranteed approval.
There is no credit check or chex systems verification. You can have a card issued to you in black or in pink.
This card does give you free direct deposit. To use this you will only have to fill out a form and turn it into your employers' payroll department.
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.
This card can be used at ATM's over 800,000 locations throughout the world. In addition you get free online account access.
You can make purchases using your rush card online and over the phone. You can also use your account and write physical paper checks.
To do this you simply go online and fill in the payees details. This includes address, name, and amount of payment.
Then hit send and a paper check will be sent to the individual. The is a good method to use when paying your monthly bills, because you will not have to pay for money orders.
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 rush credit card. This is because they have many fees that other cards do not have.
An example is the convenience fee. This is a fee you are charged every time you use your card.
You will be charged $1.00 with a maximum charge of $10.00 a month. However during a month you will be charged $1.00 for every transaction you make using your card.
Only at the end of a full calendar month will the extra convenience fees be refunded to you.
This can work out to you waiting almost a full two months before you are refunded for your extra charges. This is insane, furthermore who only uses their card ten times in a month?
I don't know how they get away with charging these fees it seems unfathomable. In addition making their card holders wait so long before being reimbursed.
Also to use bill payment you must enroll which is $2.00 then every check you write is another $1.00. There are other prepaid credit cards that offer free bill pay and no fees.
The rush card proudly says there are no hidden fees with their card. However they have more fees than any other card we have reviewed. They carry a fee with every transaction you make with your card.
In sum, we do not recommend the rush card to anyone. There are good prepaid credit cards; however this is not one of them.
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