Traditional credit cards are not for everyone, but they are somewhat necessary in today's world. Thankfully, there are simple yet effective alternatives, like the Prepaid Visa KLS RushCard that allows you to take advantage of some of the more common benefits of credit cards while avoiding many of the fees and interest rates.
Credit cards are very common these days, but that does not mean that everyone should have one or that everyone needs one. Still, they are somewhat necessary these days but that doesnâ€™t mean that you have to break down and apply for something that will ultimately make you unhappy. Indeed, that is why financial products like this have been developed in recent years. Prepaid debit cards are becoming more and more popular these days because they do not have interest rates, and many of the fees are absent too.
The Fees You Could Pay
Prepaid Visa cards are not completely devoid of fees, but the ones that you might have to pay are considerably lower than the potential fees of a traditional credit card. This debit card does not charge an annual fee or some of the maintenance charges that are common to other credit and debit cards. If you use the Direct Deposit option there is neither a charge for adding money to your account. That said, there are some fees that you will pay depending on how you use the card:
- Initial deposit setup fee (one-time charge for the first deposit made)
- Maintenance charge for optional online bill pay
- A maximum of $10 per month according to your purchase habits
- ATM withdrawals
You might not recognize some of these fees because they are uncommon to credit cards. Indeed some fees are exclusive this particular card but it is important to remember that you never have to worry about interest rates, penalty rates, and penalty fees for going over your limit or making a late payment.
Another thing you might like is that the card is backed by an online account that you can access any time of the day from anywhere in the world where you can find an internet connection. This makes it easier for you to manage your money. Again, you can add money to your account using Direct Deposit with your paycheck or other types of income. You can then use the money in your account to tackle any, and perhaps all, of your financial obligations:
- Utility bills
- Car payment
- Other credit cards or store accounts
On top of using the online interface to pay your bills, you can also use the online tools to track your budget and schedule future payments so you never lose sight of your financial goals.
You will find that the Prepaid Visa KLS RushCard is a convenient alternative to using cash while trying to avoid using a credit card. Many people do not like to carry cash because if your wallet or purse is lost or stolen you cannot recoup the monetary loss. Credit cards are usually insured, so you don't have to worry about inclement charges, but if you don't want or cannot have a credit card, you typically cannot take advantage of this benefit. With this prepaid debit card, that is exactly what you can do.
- Because it bears the Visa symbol, this card is backed by Visa Zero Liability insurance. This ensures that in the event your card is lost or stolen you will not be held responsible for new charges
- Advanced Fraud Protection offers state-of-the-art security for using your card online. Keeping your personal information safe is the most important thing a company can do in this age of identity theft
Discounts And Other Benefits
Finally, you might also appreciate that this prepaid debit card offers additional benefits that are quite attractive. Some of these benefits are exclusive to this card so you will not find them anywhere else, especially in regards to competing credit cards:
- Discounted health and prescription drug plan
- Transfer the balance to and from other credit or debit accounts
- Text and e-mail alerts
In conclusion, the Prepaid Visa KLS RushCard is a simple credit-like product that allows you to utilize the global purchasing power of the Visa logo without the concern for interest rates and escalating fees. Other benefits include discounts on health insurance and prescriptions as well as convenient online account access.