![]() ![]() The fee structure for the two plans is different, but both plans have significant costs. There are two different RushCard plans to choose from, a monthly plan and a "pay as you go" plan. The biggest drawback to the RushCard is its costs. While you will be building a positive credit history, it will have a limited benefit it only helps you with the very small percentage of lenders who use LexisNexis and PRBC to make their credit-granting decisions. The RushCard Web site states, “When you enroll in our FREE RushPath to Credit and make recurring deposits and payments using your RushCard, your transaction information will be reported to participating consumer credit reporting agencies.” What this sentence does not make clear (but which is pointed out on the Web site) is that the "participating consumer credit reporting agencies" to which RushCard reports, LexisNexis and PRBC, are not the main three credit reporting agencies that most lenders use (Equifax, Experian, and TransUnion), when determining whether or not to offer you credit. The RushCard presents itself as a way that a person can build his or her credit score. It may also be a good way for parents to control and track the spending of a college student. When you use your RushCard you never have to be concerned about running up debt, paying high interest, or being hit with charges for overdrawing your account. Your use of the card is restricted by the amount of money that you deposit onto the card. One advantage of the RushCard is that there are no costly overdraft or interest fees. ![]() Each time you make a purchase, that amount is automatically deducted from your RushCard balance. You can use it to shop, make ATM withdrawals, or make online purchases, or to pay bills. The RushCard is a Visa debit card, so it can be used anywhere that a Visa card is accepted. You can also make an in-person deposit at one of the more than 40,000 MoneyGram locations in the USA. You can add money to your card in a variety of ways, including direct deposit and using PayPal. You can only spend what you deposit you cannot run up any debt using your RushCard. Therefore, it is prudent to examine the pros and cons of the RushCard before a person decides to apply for one. The RushCard offers some features and conveniences that can help someone with no other credit options, but there are costs for using the card. It also is an alternative to check-cashing companies, for those without a bank account. It is primarily designed to benefit consumers that do not have access to a standard credit card or banking services. First issued in 2003, the RushCard was one of the first pre-paid debit cards. The RushCard is a prepaid Visa USA debit card that was developed by Russell Simmons, an American entrepreneur and founder of the Def Jam recording label. ![]() Card accepted everywhere Visa debit cards are accepted.How does the RushCard prepaid Visa debit card work? The RushCard Prepaid Visa® Card is issued by MetaBank®, N.A., Member FDIC, pursuant to a license from Visa U.S.A. See the Cardholder Agreement at for more details. ² While this specific feature is available for free, certain other transaction fees and costs, terms, and conditions are associated with the use of this Card. Day or night, contact RushCard Member Service whenever you need us by logging into your account.ĭon’t have a RushCard? Apply for one today at ¹ Faster and easier access to funds is based on comparison of traditional banking policies and deposit of paper checks versus deposits made electronically and the additional methods available to access funds via a Card as opposed to a paper check. Withdraw money at thousands of fee-free In-Network ATMs nationwide. Load cash at thousands of retail locations, or load checks directly from your phone.Īccess your hard-earned money when you need it. Use your RushCard everywhere Visa is accepted. Log in securely with the same Username and Password you use on, Passcode or Fingerprint (Only on supported devices) that you set up.We know our members are never standing still, so we put the control squarely in your hands. It’s free², secure and makes it simple to manage your money from anywhere! Check your balance, view transactions and transfer money with the RushCard app³. ![]()
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