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.
The baby phat prepaid card works this way; you make a deposit on your card, then you can use your card to make purchases, then the funds to pay for those purchases are deducted from your card. The card offers 100% 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.
With this card you have free direct deposit. To enroll in this you only have to fill out a form and turn that into your employer or payroll department.
Then your paychecks will be directly deposited into your rush card account. You will still receive pay stubs to inform you of hours worked and what your deposit is.
This card can be used at ATM’s over 800,000 locations throughout the world. In addition you get free online account access.
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 take advantage of this feature, you sign in to your rush card account and insert the person or business details that you want to pay. Their details simply include name, address and amount of payment.
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.
With bill pay you can save money on buying money orders. If you use direct deposit you will no longer have to pay 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.
You will be charged $1.00 with a maximum charge of $10.00 a month. However during a month you will be charged $1.00 for every transaction you make using your card.
Only at the end of a full calendar month will the extra convenience fees be refunded to you.
This can work out to you waiting almost a full two months before you are refunded for your extra charges. This is insane, furthermore who only uses their 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 says there are no hidden fees with their card. Yet you get charged every time you use your card. The rush card carries the most fees of any prepaid card we have reviewed.
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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