ReadyDebit Visa Prepaid Card Review

ReadyDebit Visa Review

ReadyDebit Visa Prepaid Card Review

Prepaid cards are growing in popularity, mainly because they offer some of the conveniences of credit cards without the risk of sliding into a debt hole.

However, with more and more cards on the market, the average consumer has to be go through the many options and that means that no card is created equal.

There are many different prepaid cards out there now, so what should you know about this particular one: the READYdebit Visa Prepaid card?

ReadyDebit Visa Card Offer Features

3.5 / 5 stars     

3.5 / 5 stars     

Two Cards, Double Trouble?

There are actually two cards offered through the READYdebit prepaid visa card system: the Select and the Platinum and both cards are kind of different in fees and services.

The Platinum charges you $14.95/month, but gives you unlimited purchase transaction, ACH debits, ATM balance inquiries and live customer service for free. ATM withdrawals are also cheaper. The Select on the other hand only charges you $9.95, but you have to pay for ACH debits and live customer service after the first free one.

Otherwise, both cards are pretty similar, save that you can get a second platinum card for free. Choosing the one you want will be completely up to you and your money habits; since this is a prepaid card, there is no credit check and no fear of being declined anyway, so go for whichever one will save you the most money in the long run.

Fees for Use of the READYDebit Visa Card

Prepaid cards don’t have any benefits to compare really and they don’t need any requirements to apply, so the only thing to really compare when researching your own card are the fees, which prepaid cards tend to be full of. The READYdebit series isn’t bad; we’ve already looked at the monthly fees and activation fees. The Platinum card has a slightly cheaper withdrawal fee of $2.00 when compared to the Select at $2.25 (at non-issuer ATMS; they are free at the ATMs of the issuer), but otherwise, the fees for both cards are the same. These include things like a $5.00 fee for bank teller cash advances and $10.00 for a secondary Select card.

However, the READYdebit has other prepaid cards beat in fees: free direct deposit, free loading cash and deposits, free balance inquiries, no charge on withdrawal declines, no negative balance fee, no PIN transaction fees, no fee for online customer services and no fees for online bill paying. Phew! These cards can actually save you a chunk of change if you’re in the habit of doing a variety of things with cards.

Prepaid cards as a whole aren’t bad tools at all. They are a good way to do things like shop online and keep track of your finances without a bank account or without a credit card. You don’t have to worry about getting into debt and there are no interest rates to mind. The main thing to bear are the fees and the READYdebit is pretty forgiving on that count. So, if you’ve been looking for a card that lets you keep track of spending and still open up doors, we would suggest taking a look at either the platinum or select versions of the READYdebit Visa Prepaid card.

3.5 / 5 stars     

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