Baby Phat Rush Card – Review
This card was created by co founder of Def Jam record label, Russell Simmons. This is a prepaid card and is issued as the rush card or you can get a baby phat rush card.
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 use your card to make purchases online or over the phone. There is also another benefit; you can write physical paper checks from your rush card account.
To use this feature you visit the website and input the person or business that you want to write a check to. This includes name, amount of payment and address.
Then a physical check in your name is sent to the payee. This is a great way to pay your bills, no more buying money orders.
Using this service and direct deposit you can save a lot of money because you will no longer have to pay for money orders or check cashing fees again.
However, we do not recommend the rush credit card. This is because they have many fees that other cards do not have.
An example of these fees is the convenience fee the rush card has. With this fee you are charged every time you use your card.
The convenience fee is $1.00 with a monthly maximum of $10.00. However you will be charged a convenience fee for every purchase you make in a month.
Only at the end of a full calendar month will the extra convenience fees be refunded to you.
That works out to almost 2 months before you will be issued your refund. These fees are ludicrous; there are very few people that only use their credit card 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 with the rush card in order to use bill pay you must pay $2.00 and then an additional $1.00 for every check you write. There are many prepaid cards that offer this service for free.
The rush card proudly says there are no hidden fees with their card. However they have more fees than any other card we have reviewed. They carry a fee with every transaction you make with your card.
In sum, we do not recommend the rush card to anyone. There are good prepaid credit cards; however this is not one of them.
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