Baby Phat Prepaid Visa® RushCard Review
The Baby Phat Prepaid Visa® RushCard is a prepaid card that offers a variety of perks for its members. With the card you get a low monthly fee, a variety of places to load the card, direct deposit and you can use the card anywhere Visa Debit® is accepted. This card is available to anyone, it doesn’t matter if you have good credit or bad credit.
Card Summary
The Baby Phat Prepaid Visa® RushCard is a basic prepaid card that does not charge its members a monthly fee. With this card there are a variety of place you can load the card, more than 10,000 to be exact. There are also millions of ATM where you can make cash withdraws if needed. Since this card is a prepaid card you don’t have to worry about overdraft fees or negative consequences for your credit. The card doesn’t hurt your credit in anyway and is available to those that have a bad credit history.
Pay As You Go Plan
This card works a little bit differently than some prepaid cards. This card offers a Pay As You Go Plan which comes with fees specific to the plan. With the plan it requires an activation fee of $19.95, but there is no Monthly Fee. Signature and PIN transactions are $1 per transaction, with a maximum cost of $10 per month. Any transaction fees charged beyond the first 10 will be credited back to your card the following month. ATM withdrawals have a fee of $1.95 per use.
Credit Builder Feature
This card has a unique feature that helps members build credit. The RushPath Credit Builder keeps track and reports when you pay bills with your card. You can pay any bill like your utilities, rent, phone, and etc. RushCard automatically reports your payment history to LexisNexis® and PRBC®, a national credit reporting agency. These credit reporting agencies basically will create a file for you to report positive credit. In the even you apply for a loan or credit card if the lender uses this service they may use your prepaid history in order to approve your. The service is free to all members you just have to enroll in it.
Free Card Features
It is always free to use your online account. With this you can view your account history, balance information, monthly statement and much more. You even have the option to get free text messages or emails about account information. The card also offers an online money tool to help members develop a budget and teaches overall account management.
Loading Your Card
There are several options when it comes to loading your card. Direct Deposit offers a great deal of convenience and its free. You can have your paycheck or government check deposited into your account automatically on pay day. You can also add cash anytime to the card by going to a participating location like Western Union, MoneyGram and Green Dot Money Pak. Bank & Wire Transfers, PayPal Transfers and Card to Card transfers with other BabyPhat members are acceptable too.
Card Fees
This card is a prepaid card which means the card does not charge interest on any transaction. You also can’t be charged an overdraft fee. There are still fees you should be aware of and some of them are listed below. If you need a complete list of fees you should consult the terms and conditions of the card.
- Activation Fee: $19.95
- Monthly Fee: FREE
- ATM Withdraw Fee: $1.95
- ATM Balance Fee: $0.50
- Add Money Fee: FREE
- Paper Statement Fee: $1.00
- Replacement Card Fee: $9.95
- Card Transfer To Card Fee: $9.95
- Bill Payment Fee: $1.00
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