RushCard Reduces Fees For Their Prepaid Members

RushCard Prepaid Visa has started 2011 off by listening to the feedback of their customers. The popular prepaid cards which were created by Russell Simmons, recently announced an enhanced fee structure for their cardmembers. As we have seen a boom in the prepaid card industry, we are starting to see the industry leaders providing even better products for consumers. The Rush Prepaid Cards include the Original RushCard, BabyPhat, Purple Diamond, and Black Diamond.

To better assist cardmembers, those interested in apply for a card or those who are already members, can use the new fee calculator to help them choose the plan that works best for them. Those interested can submit different card scenarios and then RushCard will offer a recommendation based on the plan that will work best. The fee calculator asks four simple questions about how the cardmember plans to use the RushCard. The four questions are listed below:

  1. How many ATM withdraws do you expect to make each month?
  2. How many purchases do you expect to make each month?
  3. Of those purchases, how many do you expect to be PIN transactions?
  4. Which plan would you like to choose?

The new RushCard features will allow members to only pay for the services they use and even allow them to switch between plans as needed. This is nice because if the cardmembers usage changes, they can change plans to fit their usage. Visa RushCard reports that some members have already reported they will save up to $600 a year by using the card. RushCard will still be offering their members the ability to choose between four card designs: Original Black, Baby Phat, Black Diamond and Purple Diamond. One unique feature of the cards is the free prescription discount card which offers up to an 85 percent discount on regular prescription drugs. Additionally, RushCard offers a free prescription discount card entitling cardholders, and non-members, to discounts of up to 85 percent on regular prescription drugs.

About Michal

Michal is a personal finance blogger who writes for several top personal finance blogs, such as Dough Roller and Go Banking Rates. She enjoys writing about money management, getting out of debt and planning for retirement. Her practical approach encourages folks to get serious about their relationship with their money.
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