Green Dot Prepaid Debit Card
The Green Dot Card is issued as a MasterCard or a Visa you choose what you want during the application process. This is a reloadable debit card also known as a prepaid card. This means that before you can use it to make purchases you must first deposit money in your account or on your card.
This card is accepted both online and over the phone. Also you can use it to make purchases or rentals that require a deposit. For example you can rent a car, reserve a hotel room, rent property and equipment .. It works just like a check card with a major bank! There is no credit check and approval is guaranteed provided you have a valid; social security number, physical US address, and are who you say you are.
If you have had a bank account closed in the past or are placed in chexsystems you will still be approved. In addition the Green Dot Debit Card gives you free online bill pay. In order to use this service you must log into your account online and then you go to the bill payment center and fill in the necessary information. This includes the name of the business or person you want paid, the amount of the payment, and the date you want them paid. You can schedule future payments and recurring or monthly payments. This is all without having to purchase a money order or wait in line to get one.
This card also gives you free direct deposit. So say goodbye to check cashing fees! And currently they are even running a promotion that will give you a free $10 bonus when you use direct deposit. Further, this option often provides you access to your funds quicker than waiting to get your paycheck and then go and cash it.
There are some fees for this card just like any prepaid card however they are minimal compared to the competition. You will be charged $5.95 per month with this card, unless you; deposit a $1,000 on your card per month or use your card 30 times in a month. This may sound like a lot but using your card 30 times in a month if you think about an average day; you may buy lunch, buy a candy bar, put gas in your car, buy movie tickets.
That is already 4 times in one day and that is a conservative estimate. Using your card 30 times in a month seems like a very easy if not even normal way of life. This $5.95 monthly fee if you are unable to meet the above stated requirements to waive the fee is very affordable as we have seen competitors charge up to $19.95 a month!
What about getting cash? Occasionally in life we all need cash. You can request cash back at the grocery store. Also unlike any other prepaid card to date the Green Dot Card gives you access to over 15,000 ATM's nationwide for free - let me repeat that no fees! We have not seen any other prepaid card offer this service; every single one charges you a fee plus the ATM fee.
In sum, we enthusiastically recommend the Green Dot Visa and MasterCard they are easily the best cards on the market! Lastly, you are given the card for free and there is no activation fee. We have seen competitors charge just to get the card and / or charge an activation fee. The GreenDot Card has no upfront fees!
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For more about bad credit cards and specifically the Green Dot Prepaid Debit Card visit us at http://yourbadcreditvisa.com/greendot-card/
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