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Home > Credit Cards > Purple Diamond Prepaid Visa® RushCard

Purple Diamond Prepaid Visa® RushCard

Snapshot of Card Features:

  • Enroll in Direct Deposit and get your pay up to two days early. *Certain restrictions apply. See card site for details.
  • Safer than carrying cash, use everywhere Visa debit cards are accepted.
  • Conveniently send money to family and friends with card to card transfers.
  • Free 24/7 customer service.
Intro AprBalance TransferOngoing APRAnnual FeeCredit Needed
N/AN/AN/AN/AExcellent - Bad
No Credit
 

Our Expert Review

Rates & Term Details

Complete Card Details
For the complete terms and conditions, view this card's Schumer Box

What is a Schumer Box?
A Schumer Box includes the following rate and term information for all credit cards:

  • Annual Percentage Rate (APR) for purchases (or interest rate)
  • Other APRs - interest rates for balance transfers, cash advances, default, etc.
  • Variable rate information (if applicable)
  • Grace Period
  • Finance calculation method
  • Finance Charges
  • Annual Fee (if applicable)
  • Other fees - transaction fees, balance transfers, cash advances, late payments, over-limit, etc.

Important
Always read the terms and fees disclosure provided by the credit card issuer on their site before applying. The issuing bank's terms may include more detailed or updated information than presented here.

Notes
*View Purple Diamond Prepaid Visa® RushCard card rates, fees, rewards and other important information.


2010

The Purple Diamond Prepaid Visa RushCard is a prepaid card that gives you a better alternative to traditional banking. With the Purple Diamond card, you get the convenience of a traditional credit card without all the costs - no high interest rate charges or expensive over-limit fees. Because the Purple Diamond Card is a Prepaid card, it does not report to the credit reporting agencies, so it is not a traditional, guaranteed means of establishing credit history. It does, however, offer fraud liability protections, a way to shop online, and a means of accessing cash through ATMs. If you're looking for a safe, convenient way to manage your cash without the headaches of a checking account or traditional credit card - the Purple Diamond Prepaid Visa RushCard may be your answer.

Benefits

The Purple Diamond Prepaid Visa RushCard is accepted worldwide so you can withdraw cash, make everyday purchases, shop online or pay bills - anywhere Visa debit is accepted. You can also save time and money by using Rush Bill Pay - it's a convenient way to pay your rent, utility, and other bills online. No need for paper checks or waiting on the postal service to get your payments delivered on time. There are no hidden fees or interest charges -and, you can't overspend because you an only spend what is available on your card. The Rush card offers a number of free services, including direct deposit, live customer service, text alerts and phone balance inquiries, and online money management tools. It also offers an optional credit building history, meaning if you enroll for this service, they will report your recurring deposits and payments to participating credit reporting agencies. A free prescription discount card is also available from RushCard.

Rewards

No rewards apply.

Balance Transfers

RushCard members will enjoy free card-to-card transfers with this product, however, cardholder-to-cardholder transfers will incur a $2.95 charge.

Rates

The Purple Diamond prepaid card does not carry an annual percentage rate, annual or application fee. A one-time $9.95 card fee that is charged when the card is activated applies. Members will also be charged a $9.95 maintenance fee on a monthly basis. For the monthly plan, cardholders can make two ATM withdrawals at no charge per month. After the introductory period ends, a $2.50 ATM fee will apply.

Who Should Apply

The prepaid card requires a $1 opening minimum and does not perform a credit check leaving card membership open to any person that wishes to sign up for a hassle-free debit card. The card may also be a good first-time debit card for young adults with no established credit.

Credit Standing

Purple Diamond does not conduct credit checks or report to any credit bureaus, allowing anyone to apply regardless of their credit rating.

About Credit.com's Credit Cards and Prepaid Cards:

You may be able to build, rebuild, or reestablish your credit history by making on time monthly payments to all creditors and by maintaining all your balances under the credit limits. From premium reward cards to accounts that help you rebuild your credit, we have the credit card for you! If your future goals include owning a home, buying a car, owning your own business, or traveling, having a credit card can be an excellent first step. With credit card services from leading issuers like American Express, Bank of America, Capital One, Chase, Citibank, Discover, First PREMIER® Bank, HSBC Bank, IBERIABANK, MasterCard, Simmons First and Visa, you can find the best credit card for you at Credit.com.

The key to success with credit cards is to know how to use them to your advantage and not to get caught up in the traps that lurk behind the benefits. Credit.com offers many kinds of credit card benefits, from airline and gas rewards to cashback cards, and the first step is filling out a credit card application online. You can also apply for specialty credit cards, such as student credit cards or business credit cards. Credit.com also offers credit cards for the United Kingdom and Canada.

In addition to credit cards, Credit.com offers three other card options that can provide excellent choices for people with less-than-perfect credit: Prepaid cards from Mastercard and Visa allow you to load money onto the card and then use it like any other major credit card. They require no credit approval and carry the same fraud protection as the regular cards. But fees can be high, so be sure to shop carefully for a prepaid card.

Secured cards require you to open a bank account and deposit funds in a bank account (security deposit) in case you can't pay the bills. You'll get a major credit card you can use anywhere those types of cards are accepted. Shop carefully for a secured card to avoid costly fees.

Debit Cards issued under the Visa card or Mastercard name can be widely used and carry fraud protection. But if your card number is stolen and used, you'd want to find out immediately. Otherwise, you could bounce checks. One strategy: Have two checking accounts and associate your debit card with the one with the small balance. Just transfer the purchase amount into the account before you buy something with the card.

  

*For complete information, see the terms and conditions on the credit card issuer's web site. Once you click to apply for this card, you will be directed to the issuer's website where you may review the terms and conditions of the card before applying. While Credit.com always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

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The Pros and Cons of Prepaid Cards

Prepaid cards offer the convenience of a credit card without the difficult approval process or risk of getting into debt. These cards work a lot like a gift card, you will have to load the account with cash (direct deposit is usually available) before you can use it for a purchase

Prepaid cards are not credit cards; you cannot spend more than the balance you have deposited and you will not be charged interest for your spending. The prepaid account will not be reported to the credit bureaus as a credit card.

Pros:
Cons:

Fees and charges can vary significantly between different prepaid credit card offers. Be sure to read the fee schedule for the prepaid credit card before you apply.


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