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Prepaid Visa RushCard (Pay As You Go Plan)

 

 
Overview
 

Average Monthly Fees and Costs:
$14.07

 
Product Details:
  • fee: $3.95 to $9.95, depending on the card design you choose.
  • ATM transaction fee: in network is free; out of network is $2.50 plus any fee imposed by the ATM owner.
  • $1 PIN and signature transaction fees for the new pay-as-you-go plan.
  • Monthly maintenance fee: $7.95 (or $5.95 if you use direct deposit) or free with the pay-as-you-go plan
  •  
    Activation Fee: $3.95 ( up to $9.95 depending on the card design you choose)
     
    Monthly Fee: $0.00
     
    Card Limit: n/a
     
    PIN Transaction Fee: $1.00
     
    Signature Transaction Fee: $1.00
     
    ATM Withdrawal Fee: $0.00
     
    ATM Balance Inquiry Fee: $0.00
     
    ATM Out of Network Withdrawal Fee: $2.50
     
    ATM Out of Network Balance Inquiry Fee: $0.50
     
    ATM Withdrawal Limit: n/a
     
    Bill Payment Fee: $0.00
     
    Bill Payment Limit: n/a
     
    Bank Teller Cash Fee: $2.50
     
    Bill Pay Expedited Service Fee: n/a
     
    Inactivity/Maintenance Fee: $1.95
     
    Cash Load Fee (* asterisk indicates third party fees): $4.95 *$3.74 - $4.95
     
    Wire Fee: n/a
     
    ACH Debit Fee: n/a
     
    Card Purchases (SIgnature) Daily Limit: n/a
     
    Card Purchases (PIN) Daily Limit: n/a
     
    Send Money Limit: n/a
     
    Card Reviews: ,
     
Card Features
 
 
 
 
 


 
Initial Fees
 
 
 
 
 


 
Average Monthly Fees
 
 
 
 
 


 
Bill Pay Fees / Features
 
 
 
 
 


 
Loading Fees / Options
 
 
 
 
 


 
Total Score
 
 
 
 
 


User Rating
2 total ratings

 

Things We Like


Text alerts, electronic bill pay, guaranteed acceptance, no bounced checks, FDIC insured and, especially, the availability of a free ATM network.

Things We Dislike


The pay-as-you-go plan assesses a $1 charge whenever the card is used in a transaction. Although that fee is capped at $10 a month, it’s still a lot to access your own money. Card-to-card transfers are $.99. If a card on the pay-as-you-go plan is not used for 90 days, there is a $1.95 charge (except where state law prohibits it). Nor is it a one-time fee, but rather assessed monthly after that initial 90 days, so long as the card remains inactive. That means a forgotten or misplaced card could lose all of its value. That wouldn’t happen with a $20 bill.


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Posted October 24, 2015 by

 
Full Article
 
 

Sometimes first isn’t best. RushCards were among the pioneers in the prepaid space, but a raft of scrutiny about the card’s high fees may have prompted the Russell Simmons-backed venture to re-launch. So what is really different? Well, for one thing, this new iteration of RushCards allows consumers to order “sleek” looking cards – for an extra $6, of course. But where it really matters – in the realm of fees – the new RushCard is better than its predecessor, though by no means anywhere near the best available.

Here’s the basic rundown on RushCard 2.0. Like most prepaid cards, RushCards do not require a credit check, and approval is guaranteed. The cards are also FDIC-insured. Government benefit payments and regular paychecks may be available for use slightly sooner than if you received a check and cashed it. Funds may be added at Wal-Mart or by using Green Dot’s MoneyPak, MoneyGram and Western Union, at fees ranging from $3.74 to $4.95 per load. The biggest advance of the new RushCard is that ATM withdrawals are free at MoneyPass locations.

Bottom line: While the surcharge-free ATM network for the Prepaid Visa RushCard is a tremendous plus, this card is not the only one with that feature and its overall fee structure is not competitive with the best prepaid cards in the industry.


Curtis Arnold

 


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