READYdebit Prepaid vs. READYdebit Platinum Prepaid

ReadyDebit Prepaid Versus ReadyDebit-Platinum Prepaid Credit CardPrepaid cards work in a similar way to debit or credit cards, but with one big difference. You can only spend the amount credited to the card. READYdebit offers two different versions of its highly acclaimed prepaid cards, the READYdebit Prepaid and the Platinum Prepaid.

Both READYdebit prepaid cards are members of the Visa network, having Visa’s Zero Liability promise. You can make online purchases, rent a car, and do everything you could with a traditional credit card. To decide which will work best for you, look at the fees for services you will use most.

According to USA.gov general purpose prepaid cards like these are great options for those who don’t have a bank account or a credit card. Just be aware of the fees and other provisions before signing up.

As with other prepaid cards, there are a few fees, whereas most banks don’t charge a fee for a debit card. However, the fees are less than if you are paying check cashing fees each week to get your paycheck.

Our FREE comparison tool makes it easy to compare prepaid cards now!

READYdebit Platinum Prepaid

  • Has no monthly fee
  • Has a $14.95 monthly service fee
  • Ready Debit Platinum Credit CardDoes not charge a signature purchase fee
  • Does not charge an ATM balance inquiry fee
  • Does not charge a fee to get live customer service
  • Has an ATM withdrawal fee of $2
  • Charges $5 if you get cash from a teller
  • Charges $2 for a paper copy of your statement

You can avoid the last paper copy charge by looking at your account information for free online and printing from there if needed.

There are several different ways to add money to your prepaid debit card accounts. The most convenient method is to set up a free direct deposit through your employer. Since both cards have free bill paying, you can use them in place of a bank. You can also have Social Security, disability, and tax refunds deposited directly into your READYdebit account.

You can transfer money from a bank account into either prepaid account for free.

You can also use Visa ReadyLink or Green Dot Money Paks to add money. READYdebit does not charge a fee for either of these but the stores will. READYdebit also accepts ACH and PayPal transfers.

The maximum amount of money your READYdebit prepaid or Platinum prepaid card can have on it is $10,000.
READYdebit cards are part of the Visa network, making them very convenient to use. They are accepted anywhere that takes Visa, including at gas stations. You’ll also receive the Zero Liability from Visa, which means you’ll not have to pay for charges you didn’t make after your card is lost or stolen.

READYdebit Prepaid card

  • Charges a $9.95 activation fee
  • The ReadyDebit Prepaid Visa Credit Card$3.95 monthly service charge unless you keep a balance over $1,500
  • $0.95 signature purchase fee
  • $0.50 ATM balance inquiry fee
  • A $2 live customer service fee
  • $2.25 ATM withdrawal fee
  • $5 if you go to a bank teller to get cash
  • $2 paper statement fee, though you can view and print statements online for free

Loading Money into Your READYdebit Prepaid AccountPrepaid cards like those from READYdebit can save you money, despite all the fees. If you are used to paying cash checking fees, you can save yourself those fees by depositing them in your account. Since you can only spend what you have on the card, you’ll have to pay overdraft charges.

Like most modern banks, you can also pay your bills online for free with any of the READYdebit prepaid cards. This can save you money as well. You’ll not need stamps for your bills. Paying online is usually faster than mailing the payments. And since you can set up payments ahead of time, you’ll cut down on late payment fees.

If you are looking for a card that can help you build or repair your bad credit, these aren’t the cards. Prepaid cards do not report to the credit bureaus. They will help you not sink into further trouble by helping you control your spending.

For more information on the differences between prepaid cards, credit and debit cards, visit the FDIC.

Compare prepaid cards right now by going here, go to the FREE credit card chaser today!

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Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!

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