Pre Paid Debit Cards MasterCard/Visa

[ARCHIVED THREAD] - Pre Paid Debit Cards MasterCard/Visa

Posted: 9/22/2004 10:27:34 PM EDT

Pre Paid Debit Cards MasterCard/Visa
Any One Here Have One That’s a Good Deal. I spent the last several hours trying to find a card that a good deal I found a couple card s That Are an Ok Deal. What I Found out when you’re looking for one of these cards first thing is click on the fees box (WOW) Some of these companies will Bend you over and screw the hell out of you. This is what I found out when you click on the fee link.

$149 Sign Up Fee

$1.00 Pin based Transactions FEE

Monthly Fee: $5.95

ATM Fee (U.S.): $2.00 + Fee Location Atm Fee

Application Processing Fee: $49.00 To $90.00

In-Person-Payments: $3.95

Western Union Swift Pay: $5.95

Wire Transfer $7.50

Returned Check/ACH Fee: $40.00

ATM Balance Inquiry, Decline or Failed Transaction $ 1.50 per transaction Fee

$15.00 $60.00 To Close Account fee

Reinstatement Fee $25.00

Insufficient Funds Fee $25.00

Card delivery fee will $15.00

Charged Fee for Checking Fee on Line

Late Payment Fee $29.00

Value Load Fee $1.00

Additional Retail Value Load Fee $3.00

Member fee $$$

Automatic Renewal membership fees $$$

Some Cards won’t let you buy things on line

Some don’t want you to use U.S. Money Orders for up loading Money (Why Not?)

This card is not FDIC insured.

In These Member agreements they say please Read Carefully in Bold Letters Then they use Size 2 text to explain terms and conditions ---WTF

You would Think These Nut Cases Would give you a better deal since you are not earning any interest on your Money.

Posted: 9/22/2004 10:30:04 PM EDT

[#1]

just get a checking account with a visa card

Posted: 9/22/2004 10:30:26 PM EDT

[#2]

Damn thats jamming it to you hard.

All my credit cards are No Fee ones and most I earn some kind of bonus on. Close to $100 in credit at Cabelas.

Posted: 9/22/2004 10:34:32 PM EDT

[#3]

I am starting to think the term prepaid = BENDOVER

I am looking for a card for online Transactions

Posted: 9/22/2004 10:36:29 PM EDT

[#4]

Quoted:
I am starting to think the term prepaid = BENDOVER

I am looking for a card for online Transactions

I get a Capital one, I had some charged put on it by someone.

Called them, they refunded money right them, and blocked that place from running charges anymore.

Posted: 9/22/2004 10:57:38 PM EDT

[#5]

Quoted:
Quoted:
I am starting to think the term prepaid = BENDOVER

I am looking for a card for online Transactions

I get a Capital one, I had some charged put on it by someone.

Called them, they refunded money right them, and blocked that place from running charges anymore.

I had A Problem and still do With Capital One They keep sending me a Ton Of junk mail (3 or 4 letters a week) and I Politely asked them to stop sending me junk mail several times and they just wouldn’t stop so I started sending them my junk mail, trash With little Notes that said Quit sending me junk mail and included my NAme/adress so they get the hint. I personally Hate SPAM companies so I put their no postage necessary envelopes to work.

Posted: 9/22/2004 11:00:52 PM EDT

[#6]

Quoted:
I am starting to think the term prepaid = BENDOVER

I am looking for a card for online Transactions

whats wrong with my suggestion?

Posted: 9/22/2004 11:01:18 PM EDT

[#7]

Western Union usually has them. They aren't credit builders however. Its more like a gift card but from Visa / MC. Pay your money, get a card and charge against the balance.

They are decent gifts - the recipient can use them anywhere. But then again, why not just give cash?

I guess they'd be useful if you didn't have a credit card and wanted to make online purchases.

Posted: 9/22/2004 11:01:20 PM EDT

[#8]

Quoted:
Quoted:
Quoted:
I am starting to think the term prepaid = BENDOVER

I am looking for a card for online Transactions

I get a Capital one, I had some charged put on it by someone.

Called them, they refunded money right them, and blocked that place from running charges anymore.

I had A Problem and still do With Capital One They keep sending me a Ton Of junk mail (3 or 4 letters a week) and I Politely asked them to stop sending me junk mail several times and they just wouldn’t stop so I started sending them my junk mail, trash With little Notes that said Quit sending me junk mail and included my NAme/adress so they get the hint. I personally Hate SPAM companies so I put their no postage necessary envelopes to work.

I do the same thing, I see it as free heat in thw winter. I got the same problem with Citibank right now.

Look around get a card that gives you some kind of rebate
Cabelas club gives you 1% credit on all purchases

Posted: 9/22/2004 11:09:41 PM EDT

[#9]

Of course they are. Pre-paid "credit cards" are for people with bad (or no*) credit history; in other words, high-credit-risk folks. These are the folks that don't make their payments on time, have had charge-offs, or have declared bankruptcy. In other words, people who have PROVEN that they can't be trusted.

Most of those fees would never, ever be assessed if the creditor does what they are supposed to do: primarily, make AT LEAST the minimum payment ON TIME every month. But they won't, and so they'll pay a lot of money to the credit card company. Some will actually learn to be responsible after paying a bunch of fees (at least responsible enough to read EVERY WORD of any future contract BEFORE they sign it), but many won't, by choice. Life is tough, and it's even tougher when you're stupid.

Note that a Visa-linked ATM is NOT credit, and won't do anything to establish a good credit history for you.

-Troy

Posted: 9/22/2004 11:13:23 PM EDT

[#10]

Quoted:
Quoted:
I am starting to think the term prepaid = BENDOVER

I am looking for a card for online Transactions

whats wrong with my suggestion?

Noyhing!
I was Thinking Just writing out one Check and deposit it in a Pre Pay card that’s not tied to my checking and then I can pay my bills on line and not be related to a checking account

Posted: 9/22/2004 11:18:22 PM EDT

[#11]

Quoted:
Of course they are. Pre-paid "credit cards" are for people with bad (or no*) credit history; in other words, high-credit-risk folks. These are the folks that don't make their payments on time, have had charge-offs, or have declared bankruptcy. In other words, people who have PROVEN that they can't be trusted.

Most of those fees would never, ever be assessed if the creditor does what they are supposed to do: primarily, make AT LEAST the minimum payment ON TIME every month. But they won't, and so they'll pay a lot of money to the credit card company. Some will actually learn to be responsible after paying a bunch of fees (at least responsible enough to read EVERY WORD of any future contract BEFORE they sign it), but many won't, by choice. Life is tough, and it's even tougher when you're stupid.

Note that a Visa-linked ATM is NOT credit, and won't do anything to establish a good credit history for you.

-Troy

thats the problem with me, Im only 19 and have no credit and it is hard to try and establish it.

Posted: 9/22/2004 11:28:21 PM EDT

[#12]

Originally Posted By repub18
thats the problem with me, Im only 19 and have no cre dit and it is hard to try and establish it.

The Fastest way to get credit is to ged a Gas card and pay you bill on time every month

Posted: 9/22/2004 11:33:30 PM EDT

[#13]

Quoted:

Originally Posted By repub18
thats the problem with me, Im only 19 and have no cre dit and it is hard to try and establish it.

The Fastest way to get credit is to ged a Gas card and pay you bill on time every month

it would be easy if I ever got approved for one

Posted: 9/23/2004 12:17:57 AM EDT

[#14]

First, go to your bank and see if you can establish a SMALL credit line, even if you have to keep that amount of money in the bank. This will give you an entry into credit with fewer fees.

Use the credit line at least once per month, and make ABSOLUTELY SURE you make at least the minimum payment ON TIME every month. In 6 months, apply for a department store credit card (Mervyns, Macy's, Sears, etc.), which are usually good about giving low-limit cards to new folks. Again, pay on time, and keep your balances LOW, or pay them completely off each month.

Within 6 months of having a store card, you'll be inundated with "real" credit card apps.

-Troy

Posted: 9/23/2004 4:33:44 AM EDT

[#15]

Prepaid = BENDOVER?

You can forward all your money to my PayPal account.

Posted: 9/23/2004 4:38:44 AM EDT

[#16]

HOLEE CRAP!!!!

$149 just to sign up???? Screw that!

Posted: 9/23/2004 4:52:39 AM EDT

[#17]

Quoted:
just get a checking account with a visa card

+1 My ATM card has Visa endorsemant, or whatever you call that relationship.

Posted: 9/23/2004 5:43:38 AM EDT

[#18]

These are targeted at people with bad credit and need to improve it. The fees are to add good credit entries in one's credit report. I guess for those with bad credit, it may be a bargain... but I don't have any experience there.

Posted: 9/23/2004 5:48:56 AM EDT

[#19]

American Express is heavily advertising just such a card.

5sub

Posted: 9/23/2004 10:24:30 AM EDT

[#20]

Quoted:
Quoted:
just get a checking account with a visa card

+1 My ATM card has Visa endorsemant, or whatever you call that relationship.

Again, Visa-linked ATMs do NOT establish CREDIT. It just means that the card can be used for purchases anywhere Visa is accepted (unless the company in question has other policies, such as hotels and car rental companies).

-Troy

[ARCHIVED THREAD] - Pre Paid Debit Cards MasterCard/Visa

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