READYdebit® Prepaid Visa® Card

Editor's Review: As a prepaid debit card, the READYdebit Card allows card holders to load funds onto the card ahead of time, easily keep track of their money without concern for getting into more debt or damaging their credit further. In fact, because no credit lines are extended, those who are applied are guaranteed approval without the need of a credit report check.

Those who have ran into financial troubles in the past often find it difficult to obtain a traditional credit card. Yet, thanks to our fast-paced society and requirements that have been established by certain types of merchants, living without a credit card of some sort can be a challenge. Thanks to the READYdebit Card, those who have very poor credit can still enjoy many of the benefits that traditional credit cards have to offer.

Though the READYdebit Card does offer guaranteed approval, it is important to note that there are several fees associated with the card. Upon issuance of the card, for example, the card holder must pay a set-up fee of $9.95. There is also a monthly fee of $9.95, which comes to a total annual cost of $129.35 in set-up and monthly fees in the first year. All PIN-based and signature based transactions, however, are completely free, even if in the case of international transactions. Card holders are also charged $2.25 each time they make an ATM withdrawal, while overseas ATM withdrawals incur a $5 fee.

In addition, card holders have many options available for loading funds onto the card. These options include direct deposit, bank ACH transfer and retail cash load. Card holders may also enjoy one free phone call to customer service per month. Thereafter, there is a $2 fee charged for every phone call. Given the fact that many prepaid cards charge a fee for every call made to customer service, this is one unique moneysaving feature the READYdebit Card has to offer.