The Walmart Prepaid Money Card is one of the more popular options on the market today for purchasing power. Offered by lender GE Money Bank with the VISA logo, it is accepted anywhere VISA is used. You can also withdraw any amount of cash available from any ATM, as well as being honored to purchase goods online anytime.
Cash can also be withdrawn from any ATM, and any online transactions are honored as well. It is a useful tool for those who have less than perfect credit, low credit scores, or no credit at all. It is being offered in response to initial consumer demand for a product for those who do not want to undergo a credit check or wanted to improve their credit score.
Keep in mind this is a debit card, not a credit card. There is no line of credit offered and funds are available by deposit them into an account with any participating Walmart store.
Funds can also be added by purchasing a Green Dot Money Pak, which is available in increments of $20 to $1,100. You are also able to transfer all or part of your weekly paycheck by direct deposit for immediate withdrawal.
The benefits of using a Walmart Prepaid Money Card consist of a prepaid spending allowance. You can only spend what you have, which is helpful in maintaining a budget and helping those with difficulty to manage their finances.
Using a prepaid card does not rebuild your credit score, and there are fees associated with using the card. Always read the terms and conditions on any contract before proceeding.
Using a card in this manner will help you learn to shop responsibly, develop smarter budgeting skills and teach you how to monitor your finances, thus allowing you to build your credit score to an acceptable level.
More information about this easy and economical way to shop is available at your local Walmart store, or visit their website online at www.walmart.com.
Not all debit cards are safe to use. See what real card holders said about the walmartmoneycard.com and the prepaid rush card here.