Green Dot Visa

The Green Dot Visa is a prepaid credit card that can be purchased online or through a local merchant offering the cards. There is no credit line associated with this card, and the available balance on the Visa card is a direct result of the deposit made by the person purchasing the card.

Prepaid Visa Card

A prepaid Visa card looks just like a traditional credit card or debit card, but instead of it being connected to a bank account or revolving credit account the card is linked directly to the funds deposited by the cardholder.

In other words, a cardholder depositing $250 onto a prepaid Visa card will have that amount available on the card, minus any fee imposed by the issuer.

Reloadable

Green Dot Visa is different from most other prepaid credit cards because the balance can be reloaded. With some prepaid cards, once the original deposit is exhausted the card is no longer functional. With the Green Dot Visa, however, the card can be used perpetually. This means that if the balance depletes, the cardholder has the option to make another deposit into the account and keep the same card number. This works well for cardholders who want to keep the same card for budgeting and bill-paying purposes.

Cards can be reloaded online or at various locations offering this service. Direct deposit to this card is also available.

"Easier than a Bank, Safer than Cash"

Green Dot markets their cards to people who may not be able to open a bank account due to credit problems or other issues. Some people may prefer to use a prepaid card instead of paying fees through a bank, and since so many people with bad credit cannot get access to a credit card without a high interest rate they may instead turn to a Green Dot Visa.

With Visa cards being so readily accepted by merchants and service providers, many consumers look to prepaid cards for the convenience and security of a credit card instead of carrying cash. If cash is lost, it is lost for good. If a prepaid card is lost, it can be reissued and the balance reinstated for a fee.

Purchase a Green Dot Visa

The vast number of merchants offering these cards for purchase is impressive. You can pick up a Green Dot Visa in some surprising places:

• Grocery stores
• Gas stations
• Payday advance establishments
• Retailers

Many people choose to purchase their Green Dot card online through the official website. Purchasers pay a fee to order the card and then receive the card in the mail within a few days. After receiving the card, the purchaser loads a balance on to the card, making it ready for use.

Premier Membership

Green Dot offers a Premier Membership to cardholders who want to pay an additional fee in order to enroll into this program. Benefits include:

• A higher daily spending limit
• No fee for a replacement card
• Free additional card
• No charge for balance inquiries
• Specially-designated customer service representatives for enrolled cardholders
• Fewer fees for using the card at an ATM

Cardholders who are not enrolled within the Premier Membership program will encounter fees associated with balance inquiries, customer service, and ATM usage.

Other Green Dot Options

In addition to the prepaid Visa card, Green Dot also offers a prepaid MasterCard. This company also has a variety of prepaid cards that are specifically designed for certain people, including a prepaid card for students that allows parents full access to the account.

The regular prepaid Visa offered through Green Dot is referred to as the Green Dot Everyday card. If you are interested in purchasing one of these cards, or if you would like more information regarding the terms and conditions surrounding the card, check with a local retailer offering the card or visit the Green Dot website.

• Is Debt Consolidation a Good Idea
• How Can I Improve My Credit Score Fast
• What to Say When You Can't Pay
• How Does Debt Consolidation Work
• What is a Good Credit Score

• American Express Black Card
• What Is APR
• Sears Credit Card
• Do It Yourself Card Credit Debt Settlement
• Credit Card Generator

• Category:Prepaid Cards
• Gift Cards
• Category:Types of Credit Cards
• International Reloadable Gift Card
• Walmart Prepaid Visa