Rush Card – Review
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Image by eikootje via Flickr
The baby phat rush card is a prepaid credit card. It was created by Russell Simmons he co founded the popular Def Jam record label.
This is how the rush card works; you deposit money into your card/account, then you use your card to make purchases, money is taken out of your account to pay for those purchases. This card does offer guaranteed approval.
There is no chex systems check or a credit check. The rush card comes as a black card and the baby phat rush card is a pink card.
This card offers free direct deposit. To use this you simply fill out a form and turn that into your employer.
Then you checks will be deposited into your rush card. You will still get a breakdown on your hours and how much the deposit was.
With this card you receive free online account access. You can also access your cash at over 800,000 ATM’s.
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.
The charge for this fee is $1.00. There is a maximum charge of $10.00 a month however you will be charged this $1.00 fee every time during that month.
Then at the end of the month all the extra charges above 10.00 will be credited back to your account at the end of the next calendar month.
That can end up being a full 2 months before you are refunded. This is unbelievable especially because many of us use are card more than ten times in a month.
Furthermore to be charged for every purchase you make seems outrageous. Then to have to wait for a full calendar month to expire before you are issued your refund is unbelievable.
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 claims there are no hidden fees however that seems to be a very contradictory statement. Especially when you are forced to read the fine print to discover that you will be charged one dollar for every purchase you make.
In sum, look at some other prepaid cards. They have fewer fees and better benefits for being a card holder.
