Rush Card Review | CreditShout

Rush Card Review

By Dawn Allcot / August 18, 2010

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Verdict: For people who have poor credit or no credit history, the Rush card is safer and more convenient than cash for many transactions.

It doesn’t offer as many of the benefits that come standard with most unsecured credit cards, and, while it can report your on-time payments to a credit reporting agency, it doesn’t report your payments to the big three: Experian, TransUnion and Equifax.

Depending on whether you choose a monthly plan card or a pay-as-you-go plan, there are a lot of different small fees associated with using the card.

If you’re looking for a secured credit card to build your credit, CreditShout.com recommends a card like the Orchard Bank MasterCard, or one of these other credit cards for bad credit.

Overview: The Rush pre-paid Visa card is hailed as the easy, secure and convenient alternative to a bank, providing “all the convenience of a credit card without the debt.” Load money onto the card and use it just like a debit card anywhere Visa debit cards are accepted.

How this Card Works:

You load money onto your card via direct deposit, in-person cash deposits at MoneyGram locations, bank transfer, check or money order by mail, or through PayPal. Rush Card provides a choice of two plans: You can load money on an as-needed basis, or download a specific amount each month.

As a Visa card, the Rush card is accepted anywhere Visa debit cards are accepted, including for online transactions. Because you can only spend what you deposit, you’ll never pay overdraft fees, over-the-limit fees, or interest.

Fees:

  • Monthly Plan
  • Activation fee: $3.00
  • Monthly fee: $9.95
  • “Convenience” fee (whenever you use the card to make a purchase using your pin number): $1
  • ATM withdrawal fee (plus any fees charged by the ATM machine): 2 free each calendar month. $2.50 per transaction after that.

Pay as You Go Plan:

  • Activation Fee: $19.95
  • Convenience Fee (for both PIN and non-PIN purchases) $1 per transaction capped at $10.00 per calendar month
  • ATM withdrawal fee (plus any fees charged by the ATM machine): $1.95
  • Non-usage fee: (if no loads or withdrawals have taken place in 90 days): $1.95

Fees on Both Cards:

  • Bill Pay Enrollment Fee: $2.00
  • Bill Pay Fee: $2.00

Please note, this is NOT a comprehensive list of all the fees, just the most common. For more information, please see Rush Card’s Schedule of Fees.

Benefits: There are a number of benefits associated with this card, but none of the typical ones you receive with a conventional credit card, like extended warranty protection, fraud protection, or rental car insurance. You can receive:

  • Online bill pay:
  • Online budget management tools that help you track your spending and more
  • The ability to transfer funds between other RushCards
  • Text alerts regarding transactions on your Rush card
  • The free discount prescription program may be a desirable benefit, too. Other credit cards offer similar programs for a monthly fee. This discount card gives you:

    • Discounts of 10 to 85% on brand-name and generic prescription drugs
    • Accepted by 56,000 pharmacies nationwide
    • Can use it even if you have existing health insurance

    Pros:

    • Convenient payment option for anyone who can’t get a traditional bank account or credit card

    Cons:

    • Fees for using the card
    • Fees for not using the card
    • Fees for online bill pay and a host of other benefits offered free from other credit card providers
    • You can sign up to have your card use reported to a credit reporting agency, but Rush card does not report to the three major credit reporting agencies. The company reports on-time rent and utility payments to LexisNexis is an information provider, not a credit agency, and to the credit reporting agency PRBC, which calculates a FICO Expansion Score, which is not your real FICO score.
    The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone.Additionally, the opinions of the commenters are not necessarily the opinions of this site

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