Credit and Debit Card Ratings

Approved Card From Suze Orman

If you find yourself among the unbanked or under-banked a prepaid debit card may be the checking account alternative you are looking for. Suze Orman has recently launched her Approved Card – a prepaid debit card that is supposed to be better than the competition. But is it really? Does it have low or no fees?

Suze Orman says about the Approved Card, “It’s the single most important thing I’ve done in my whole career.”

She says it’s a better way to bank.

It is safer than cash, comes with no credit checks, no check cashing fees, no bank account required, no overdraft fees, no interest charges and it is easy to load and use.

The Appoved Card (http://www.theapprovedcard.com) also comes with free identity theft protection, free Transunion credit reports, credit scores and credit monitoring. These features are not seen on many of the best prepaid debit cards. You can expect to see services like this included because Suze Orman is a big proponent of keeping an eye on your credit report and score.

So let’s talk about getting this prepaid debit card’s fees. You will have to pay $3 to purchase it. This fee is lower than most other prepaid debit cards. And then you have a $3 monthly account maintenance fee with the first month waived. Compare this to other cards which can run from no cost per month all the way to $9.95 a month.

You can get free ATM withdrawals at over 35,000 Allpoint locations for the following 30 days you make a Direct Deposit of $20 or more. You can find these ATMs at places like 7-Eleven, CVS, Costco, Kroger, Target and Walgreens. Otherwise you will have to pay a $2.00 fee.

You also get free online bill pay and a free additional card along with no activation fee.

You do not have to pay a fee to purchase with a signature or PIN transaction.

You also get one free live customer service agent call per month and $2.00 per call after that.

If you like to receive a paper statement that will cost you $2.00 per statement.

When you check out the fee chart you will see that most of the fees can be waived for a 30 day period after you Direct Deposit $20 or more.

So who is the Approved Card by Suze Orman for? People who do not want to use a secured credit card, people who cannot get approved for a checking account due to bad credit, and people who will deposit less than $1,000 each month through Direct Deposit.

It’s not the best prepaid debit card but it is also not the worst prepaid debit card.

For more from this author visit:  Tameka Riley’s Author Page

Tag: best prepaid debit card

  • Approved Card From Suze Orman

    Approved Card From Suze Orman

    If you find yourself among the unbanked or under-banked a prepaid debit card may be the checking account alternative you are looking for. Suze Orman has recently launched her Approved Card – a prepaid debit card that is supposed to be better than the competition. But is it really? Does it have low or no fees?

    Suze Orman says about the Approved Card, “It’s the single most important thing I’ve done in my whole career.”

    She says it’s a better way to bank.

    It is safer than cash, comes with no credit checks, no check cashing fees, no bank account required, no overdraft fees, no interest charges and it is easy to load and use.

    The Appoved Card (http://www.theapprovedcard.com) also comes with free identity theft protection, free Transunion credit reports, credit scores and credit monitoring. These features are not seen on many of the best prepaid debit cards. You can expect to see services like this included because Suze Orman is a big proponent of keeping an eye on your credit report and score.

    So let’s talk about getting this prepaid debit card’s fees. You will have to pay $3 to purchase it. This fee is lower than most other prepaid debit cards. And then you have a $3 monthly account maintenance fee with the first month waived. Compare this to other cards which can run from no cost per month all the way to $9.95 a month.

    You can get free ATM withdrawals at over 35,000 Allpoint locations for the following 30 days you make a Direct Deposit of $20 or more. You can find these ATMs at places like 7-Eleven, CVS, Costco, Kroger, Target and Walgreens. Otherwise you will have to pay a $2.00 fee.

    You also get free online bill pay and a free additional card along with no activation fee.

    You do not have to pay a fee to purchase with a signature or PIN transaction.

    You also get one free live customer service agent call per month and $2.00 per call after that.

    If you like to receive a paper statement that will cost you $2.00 per statement.

    When you check out the fee chart you will see that most of the fees can be waived for a 30 day period after you Direct Deposit $20 or more.

    So who is the Approved Card by Suze Orman for? People who do not want to use a secured credit card, people who cannot get approved for a checking account due to bad credit, and people who will deposit less than $1,000 each month through Direct Deposit.

    It’s not the best prepaid debit card but it is also not the worst prepaid debit card.

    For more from this author visit:  Tameka Riley’s Author Page

  • Does American Express (AmEx) offer a Prepaid Debit Card?

    Does American Express (AmEx) offer a Prepaid Debit Card?

    Please note that this page is outdated and maintained for archival purposes only. However, consumer comments below are current and new consumer reviews (by folks like you) on this card are still encouraged. You can view our current prepaid card reviews here!

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    The American Express (AmEx) prepaid debit card stands out from its peers in several ways. Other than the media attention it attracted during its launch, there is much more to write about; and you can already guess that most of it is positive. It’s only by looking further at its features that you begin to understand why it generated so much publicity.

    American does offer two popular prepaid debit cards, notably the Serve Card and the Bluebird prepaid card.

    One of the most attractive features about the debit card is the fees. Fees are one of the most important considerations to make when comparing prepaid debit cards—and the American Express prepaid debit card scored big on this one. Its fee is what most people who deal with financial institutions would call free. The only fee that the card holder pays is the ATM withdrawal charges. They are still offering you an incentive in that you pay absolutely nothing for the first withdrawal.

    For any other subsequent withdrawals you pay $2 dollars, of course to this, you will have to add the charges levied by the ATM owner. Unlike most other prepaid debit cards, there will be no charges levied on you when you are activating or reloading the card. Better still, there are no fees charged when you use the card.

    The American Express prepaid debit card has several benefits over the other such cards in the market. For instance, one is allowed to have up to three cards as long as you are above 18 years of age. You can choose to have all the three cards in the name of the children or you can have one of the cards. Very few prepaid debit card providers will allow you such a privilege. This means that a parent with teenage children can acquire the prepaid debit cards for them so that they don’t have to keep asking for cash to refuel or other routine expenses.

    Since the prepaid card is being shared with teenagers, you might feel that the kids might overspend which can have very adverse effects in these hard economic times. American Express thought of that too and put measures in place so that a parent can monitor the spending that goes on using the card. It’s possible to view the transaction history so as to keep track of how the cash is being used and detect misuse if any. You are also able to suspend the card if you feel it is being misused and you can reactivate the card again when you’re ready.

    Most people will tell you that a card that allows you to track every transaction carried out on it is good enough, but American Express prepaid debit card has gone a step further. You receive an email alerting of every transaction made on the card. This makes it very conducive for parents with teenagers since you can track their every purchase from home. The card even allows you to load it from your bank account.

    Overall, the American Express prepaid debit card is one of the best prepaid debit cards you can use. It has very low fees and is accepted wherever American Express credit cards are accepted.

    For more from this author visit:  Tameka Riley’s Author Page

Credit and Debit Card Ratings