If you are one of those people who like lots of features with a minimum of charges, then the READYdebit Platinum Prepaid Visa may be the card for you. The ReadyDebit people have structured an almost all-inclusive product for those customers that don’t like to be nickel-and-dime’d with transaction fees for every little thing. Typical Big Bank overdraft and low-balance checking account fees will also become a thing of the past for Platinum card holders. The READYdebit Platinum Visa prepaid debit card can provide a lot of value for heavy prepaid card users with free purchase transactions (PIN or signature), free ACH debit transactions, free ATM balance inquiries/declines, free live customer service, free cash loads (merchant fees may apply) and even a free secondary user card.
Review of the READYdebit Prepaid Debit Visa (“Platinum” Plan)
The prepaid debit READYdebit Platinum Visa is READYdebit’s premier-level program. You should get this prepaid card if you do not have direct deposit (or if you don’t want to use direct deposit for some reason). For those that would like to have direct deposit, the READYdebit Visa Control Plan may be the way to go (to avoid or minimize monthly fees). All READYdebit cards also inlclude free online bill pay, free direct deposit and provide you with access to over a million Automated Teller Machines. And with the Platinum Plan, you won’t have to worry about those pesky fees for making purchases or checking your balance. ReadyDebit also offers the SELECT and CONTROL plans to provide more flexibility and variety to their customers. Here are some of the great features offeredby the READYdebit Visa product line:
- Get Your Premium Benefits:
- Exclusive Rewards Program
- Free Credit Score
- Free Mobile Banking and Text Alerts
- Free Online Bill Payment & Check Writing
- Free Direct Deposit — paycheck, benefits, tax refunds
- No Credit Check*, no Overdraft Fees or Balance Minimums
- Reloadable up to $10,000 Max Balance
Apply Now!
How We Rated the ReadyDebit Platinum Prepaid Visa
| Card Features |  |
| Fees |  |
| Disclosure Clarity | |
| BBB Rating | |
| Load Options | |
| Overall Rating | |
|
|
|
Rating Explanation
ReadyDebit Platinum Prepaid Visa
5
GetDebit.com Editor
The READYdebit Platinum Visa plan option of the READYdebit Visa card has a number of great features and provides a very good value for people who want a great bank account replacement prepaid card. The company behind the READYdebit card (Ready Financial Group, Inc.) has an excellent BBB rating, and has great experience in running and building prepaid card programs. We like the simple fee agreement and disclosures with this card, and the number of features available make it a great replacement for a "traditional" bank account. This card is perfect if you use the card frequently, as although the monthly fee is higher than other READYdebit cards, you'll experience fewer fees (like purchase fees, or customer service fees).
Check this card out, we think you'll like it. It stacks up nicely among the top "pay as you go" prepaid debit cards.
The READYdebit Platinum Visa plan option of the READYdebit Visa card has a number of great features and provides a very good value for people who want a great bank account replacement prepaid card. The company behind the READYdebit card (Ready Financial Group, Inc.) has an excellent BBB rating, and has great experience in running and building prepaid card programs. We like the simple fee agreement and disclosures with this card, and the number of features available make it a great replacement for a "traditional" bank account. This card is perfect if you use the card frequently, as although the monthly fee is higher than other READYdebit cards, you'll experience fewer fees (like purchase fees, or customer service fees).
Check this card out, we think you'll like it. It stacks up nicely among the top "pay as you go" prepaid debit cards. |
ReadyDebit Platinum Prepaid Visa Fee Examples
Want to know how much the ReadyDebit Platinum Prepaid Visa might cost you to use in a typical month? We have crunched the numbers for you! We also show how ReadyDebit Platinum Prepaid Visastacks up against some common alternatives so you can see if you would save money using this card. Please remember -- cost should NOT be the only reason why you pick a card -- make sure to consider the card's features (some cards have more features than a typical bank account).
To see different scenarios, change the following variables.
Note: * Based on a U.S. Average check cashing rate of 4.54% (per the Brookings Institution),
**Using the Money Order fees from the U.S. Post Office (Some of the lowest available),
*** We assume that 1/2 of your in-store purchases will be made using your PIN,
****A LARGE portion of Americans experience at least 1 overdraft each Month. Also note that the Check Casher CANNOT buy items online, and must use cash for all purchases.
Fees Associated With The ReadyDebit Platinum Prepaid Visa*
| Activation Fee: | $9.95 |
Card Limit: | $10000 |
| Monthly Fee: | $14.95 |
ATM Withdrawal:** | $2.00 |
| Signature Transactions:*** | $0.00 |
ATM Balance Inquiry: | $0.00 |
| PIN Transactions:*** | $0.00 |
Bill Payments: | $0.00 |
The ReadyDebit Platinum visa card is great for those who use the card for purchases frequently, pay bills online, need a secondary card but don't use the ATM much. This card is designed for high users and has a high monthly fee with several free features! Watch for additional fees on certain non-typical transactions (like international ATM withdrawals, paper statements, teller cash advances, lost cards and expedited card deliveries, etc). Make sure to check all fees in the terms and conditions page on READY DEBIT's website.
Notes:
* Fees verified as of 12/08/2011. Check the Current Terms & Conditions for a list of all the fees.
** Some ATM operators may charge a fee for use of their ATMs in addition to this fee.
*** To use your ReadyDebit Platinum Prepaid Visa in a "signature" transaction, select "Credit" when checking out at a brick and mortar merchant. Most internet transactions are automatically processed as "signature" transactions.
ReadyDebit Platinum Prepaid Visa Card Options
The ReadyDebit Visa comes with four options: the Control plan, Control plan with direct deposit, the Select plan and the Platinum plan. "Control" has higher transaction costs and a lower monthly fee. The "Select" and "Platinum" plans have a higher monthly maintenance fee, but lower transactional fees.
The READYdebit card has four unique graphic designs
Here are GetDebit’s “Low Fee Tips” for this Card
The Ready debit Visa cards have fees which can be avoided if used correctly. We will give you a few tips.
Tips for Using The READYdebit Prepaid Debit Visa (“Platinum” Plan)
