Find out more on Debt Consolidation Credit Counseling In Phoenix Now!
Sunday, January 25, 2009
The Green Dot card is a prepaid credit card. Commonly used by individuals without a bank account.
It gives card holders free direct deposit, which can save you hundreds of dollars a year on expensive check cashing fees. In addition this is a real debit card accepted at millions of locations world wide.
There is a monthly maintenance fee of $4.95 however if you deposit $750 or more monthly this fee is waived. There is no credit check or bank account required for approval.
You can access cash at over 900,000 ATM's in 120 countries and it is accepted online and over the phone.
Frequent criticisms of this card are; the number of fees and poor customer service. It carries a reload fee of $4.95 when a MoneyPak is used to deposit funds.
These are purchased at retailer locations such as Walgreens, Wal-mart, Kroger, CVS and more. There is also a $2.50 ATM Withdrawal fee and a $9.95 activation fee.
The Columbus Bank and Trust Company issues the card and it comes as a Visa or MasterCard.
They do offer an upgrade to your account for Premier Membership at a cost of $20. This will give you priority customer service.
Upon completion of your application you will be mailed a card in 7 - 10 business days. You can also purchase this card at many retail locations.
Parents have found this card useful to teach their children money management skills. Additionally it is an easy way to send students money that are away at school.
Should your card be lost of stolen your money is protected, creating a much safer alternative to carrying cash.
You use it to pay your bills. Additionally it will give you a convenient way to track your spending and stay within a budget.
In sum we do not suggest this card. We are alarmed at the extra fees for priority customer service. We feel that when it comes to your hard earned money everyone is entitled to priority service.
It gives card holders free direct deposit, which can save you hundreds of dollars a year on expensive check cashing fees. In addition this is a real debit card accepted at millions of locations world wide.
There is a monthly maintenance fee of $4.95 however if you deposit $750 or more monthly this fee is waived. There is no credit check or bank account required for approval.
You can access cash at over 900,000 ATM's in 120 countries and it is accepted online and over the phone.
Frequent criticisms of this card are; the number of fees and poor customer service. It carries a reload fee of $4.95 when a MoneyPak is used to deposit funds.
These are purchased at retailer locations such as Walgreens, Wal-mart, Kroger, CVS and more. There is also a $2.50 ATM Withdrawal fee and a $9.95 activation fee.
The Columbus Bank and Trust Company issues the card and it comes as a Visa or MasterCard.
They do offer an upgrade to your account for Premier Membership at a cost of $20. This will give you priority customer service.
Upon completion of your application you will be mailed a card in 7 - 10 business days. You can also purchase this card at many retail locations.
Parents have found this card useful to teach their children money management skills. Additionally it is an easy way to send students money that are away at school.
Should your card be lost of stolen your money is protected, creating a much safer alternative to carrying cash.
You use it to pay your bills. Additionally it will give you a convenient way to track your spending and stay within a budget.
In sum we do not suggest this card. We are alarmed at the extra fees for priority customer service. We feel that when it comes to your hard earned money everyone is entitled to priority service.
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For more info about credit card applications or for a review of the suggested prepaid debit card the Account Now Visa visit us.
posted by Credit Counseling at
2:43 AM
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