I’ve been saying this forever. Folks need to read before signing up for things!
Russell Simmons’ RushCard, a prepaid Visa debit card, which he launched in 2003. (To be fair, Simmons is not just slapping his name on the card like the Kardashians; he’s an investor who says he pioneered the prepaid card space.)
The RushCard monthly plan costs $9.95 per month, has a one-time activation fee of $3.95 to $14.95 (depending on which type of card you choose), and a $2.50 ATM withdrawal fee (after using up your two free withdrawals per month). It’s pretty much in line with the norm for these types of cards; a recent Consumers Union survey found that one-time activation fees ran about $10 for prepaid cards, and monthly fees also cost about $10.
[via YahooFinance]
crystalf posted this
