Credit Card Review & Application
|APR on Purchases:||N/A *|
|Card Issuer:||The Bancorp Inc.|
|Card Category:||Consumer (Stored Value)|
|Card Type:||- Card for Bad Credit|
- Celebrity Card
- Guaranteed Approval
- Prepaid Debit Card
|Credit Needed:||Bad Credit OK*|
It doesn't matter if you have problems with credit, checking, or just personal finances in general, it is still important to have some kind of virtual money these days. When you have a card that is backed by Visa, for example, you can make purchases over the phone, make hotel reservations, and buy things over the internet. Of course, the Visa symbol lets you pay for things as though you were carrying cash too, which can be more convenient as well as more secure, and that is why the REACH Visa Prepaid Card has been developed.
Prepaid cards are just like credit cards in the sheer ease by which they work. Again, you can use them anywhere in the world that accepts them as well as many more places online. They are easy to use and, because there are so many different kinds, sometimes also easy to get. For some people, though, credit is not an option because they have had some money problems or they simply just don't like the possibility of fees.
Prepaid cards are unlike credit cards, though, in that you make your payments before you make your purchases. The credit system is based on good faith: that you will make the appropriate payments over an acceptable period of time. The prepaid debit system, though, is based on security: you only buy what you can afford, which is determined by how much money is in your account when you want to make a purchase.
Because of the way debit cards work, they do not require the same application process as credit cards. Obviously, there are no credit checks to worry about; which also means that you do not have to give the same amount of intimate personal information. Of course, you will still have to supply the normal contact information like your name, address, phone number, and the like.
What you might appreciate, though, is the REACH Visa Prepaid Card application does not look into your CeckSystem Verification either. That means that if you have had some issues with tight budgets, bounced checks, and overdrafts you can still get one of these cards easily.
Another benefit of a prepaid card like this is that you can avoid many of the fees typically associated with credit cards. For example, you'll never pay a fee for adding money when send your checks to your account using Direct Deposit. However, by using this card you can also get an easy bonus of up to $25 for setting up Direct Deposit as well as additional cash bonuses for referring a friend to the program. There is even a special shop and save rebate program that rewards you just for using your card.
The review prepared by CreditCardsCo™. Opinions expressed therein are solely those of the reviewer.
|Other Benefits:||* See Terms and Conditions for other benefits|
|Online Account Access:||Yes|
|100% Guarantee Approval:||Yes|
|APR on Purchases:||N/A *|
|Late Payment Fee:||N/A*|
|Additional Fees|| |
ATM Domestic Fee - $2.50
ATM International Fee - $2.50
Activation Fee (One-Time) - $9.95
Customer Service - FREE
Direct Deposit - FREE
Monthly Fee - $8.95
PIN Transactions - FREE
Retail Load - FREE
Signature Transactions - FREE
We do not offer online application for this card at the moment.
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† The information provided for REACH Prepaid Visa® Card is believed to be accurate at the time of evaluation (Apr 21, 2016). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.