Eliminating the temptation for racking up debt is the number one reason for choosing a prepaid card over a credit 
card. Many people find it easier to manage their finances better when shopping with a predefined budget. It encourages planning ahead for expenses, instead of paying for purchases with borrowed money.
A prepaid debit card is a great budgeting tool, as spending is limited to the exact amount you put in rather than available credit. It also encourages more frugal shopping, as money earned through work is more difficult to spend than the seemingly free money that credit cards provide. Credit cards do have some advantages; for example, while traveling, a credit card is a great way to avoid having to lug around cash. Yet, no matter how many advantages a credit card offers, it may still not be worth the risk for those who are budget challenged.
The Prepaid Visa® Purple Diamond RushCard is a prepaid Visa card for those looking to carry a card that has all the benefits of a credit card, but none of the drawbacks. In addition to the regular benefits of a Visa card, this card provides extras to the cardholder that makes it even more valuable. It is also a great alternative to traditional banking — a convenient way to pay bills or shop online, while tracking all your spending and deposits using money management tools available on Rushcard’s website.
Some of the unique features of the Rushcard aim to make it easier to manage your financial transactions and stay on top of everything. For example, the RushText alerts allows you to set up special notifications to be sent to your cellphone, including deposit confirmation, exceeded pre-set budget amount, and alerting you if your balance on the card is running low. Knowing this information in real-time helps you budget properly before a situation gets out of hand.
The card also allows you to set up automatic bill pay, pre-scheduling ahead of time for when a bill is due and having it paid out of your card’s balance automatically. This service works equally well for one-time as well as recurring charges. You can even use the bill pay feature to send checks to friends, family or anyone you owe money to. Another unexpected benefit is the Prescription Discount Card that all cardholders are eligible to receive, free of charge. This qualifies the cardholder to discounts up to 85% off prescription drugs, and can be used even if you have insurance coverage.
You can make deposits, send checks, pay bills and even get your tax refund direct-deposited to your Purple Diamond Ruschard — much like a bank account but without risking any overdraft fees. Unlike most cards, all fees are clearly stated up front. There are no hidden charges and no interest fees or late payments. As well, there is no credit check required and you get an approval within seconds. The Purple Diamond Rushcard is an excellent tool for those looking to make their financial life easier — removing the temptation of accumulating debt, while at the same time conveniently helping to track and manage money more efficiently.