What’s A Green Dot Card?
Posted at by CreditWiz on category CreditSome of us have heard really a little concerning the greendot and some of us are nevertheless unclear as to what it really is. The green dot is a preloadable credit card which is normally applied by people who could not have a checking or savings account to widely access their income. The card is accepted any place that a normal credit card is accepted using the Mastercard or Visa logo.
Some of the good advantages to owning a green dot is that you will find no interest or overdraft charges. This is fantastic if perhaps you forget to write down your balance at the bank and have had some insufficient funds in the past. The only fee associated with the greendot can be a fee of $4.95 charged to your card every month. On the other hand, if you load your card monthly with at the very least $750 then the fee gets waived.
With this card you can get access for your money just like you would a debit card. You’ll be able to use the card over the telephone and to make online purchases and spend on the web bills. After all, it’s your income! With nearly a million ATM’s permitting you to acquire access for your cash and over 120 countries that participate, finding your funds when you will need it isn’t an issue.
The card is widely accepted so you realize that you can count on it plus the dollars loaded on the card is already yours so you will be not paying any monthly interest charges. Based on exactly where the card is bought there may be an activation fee and you could also be charged a fee at the ATM. Nevertheless, for those who don’t presently have access to a credit card or a debit card, this little card can be a life saver!