Direct Deposit Credit Card
You can save hundreds of dollars a year on check cashing fees simply by using a direct deposit credit card. This is a prepaid card issued as a MasterCard or Visa. To use direct deposit you must fill out a form and turn it into the payroll department of your employer. Then your paychecks will automatically be deposited into your account. There will still be a paystub for you to keep for your records. You will still know how many hours you worked and how much you paid in taxes. You can check your account balance and recent activity online. You will be able to use direct deposit for payroll checks, pension checks, tax returns, social security and more. You can then use your prepaid credit card to make purchases. This card can be used over the phone and online.
You can use this card to make hotel reservations and rent a car. Cash can be accessed through ATM machines just like a check card.
Another free service with this card is bill pay. With bill pay you log into your account and write a check to a company. Then a real physical check is sent from your account to pay your electric, cable, water bill. You will no longer have to buy money orders. You also receive free credit builder. This will make a record of the payments you make with bill pay and report that information to a credit reporting agency. This can help you show credit worthiness to future lenders.
There is no chex systems verification or credit check. This card works just like a checking account.
However you will never pay overdraft fees, late fees, or interest charges. Some cards will give you free activation when you sign up for direct deposit.
You will still be approved if you have bad credit or if you are in chex systems. This is just like a second chance checking account. We suggest you stop paying check cashing fees and buying money orders and get a direct deposit prepaid credit card.
Article Source: Credit Card Bad Credit People
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We suggest the prepaid direct deposit accountnow visa and we also suggest the tribute credit card a bad credit unsecured card.
Author: DanMoskel
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