How Can You Obtain A Russel Simmons Card?

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First of all, what is a Russel Simmons Card? A Russel Simmons Card is a type of prepaid card that allows you to buy things on credit when you do not have a bank account of any form. Other credit card companies will not allow you to get a credit card with them unless you do have a bank account. This is why so many Americans today benefit from the Russel Simmons form of prepaid card. But how do you get your hands on one of these cards?

How Does It Work?

A Russel Simmons card basically works like a debit card. It allows you to put a deposit in of as much as you want, and you are only allowed to spend that much. The best part about it is that it is safe, because you do not run up huge credit card bills that you cannot pay back.

You can buy things off the Internet and order things by phone, just like many other credit cards. You are allowed to get money out of an ATM anytime, and can use your card just about anywhere that Visa is accepted. This prepaid rush card is also less expensive compared to most cards, including other prepaid cards.

There are some fees that are incurred with the rush card. However, the fees are not as high as most credit cards, and even many prepaid cards. Perhaps you could shop around and decide what company you would like to go with based on those fees, such as processing fees and setup fees.

Having a Rush card is inexpensive, mostly because there are much fewer fees than a normal credit card company or a bank would charge, and you can benefit also because of the ability that card holders have to track their spending right up to date. You can also make payments on your bills and do other transactions online that, if you do not have a bank account, would cost you huge fees in other places.

How Do You Get It?

Getting a Russel Simmons card is basically like getting any other prepaid credit card. Everyone is eligible to apply for a Rush card, and no one can be turned down for not being employed, because you do not have to confirm on your application that you have a job. Another nice thing about it is that when you are being considered to have a prepaid Rush card, they will not check your credit report.

Whether or not a Rush card is right for you is basically your decision. It is a very helpful tool in getting you money that you need fast if you do not have a bank account. Banks can be a hassle because of their fees and contracts, but with a Russel Simmons card, you pay very low fees, which, by the way, include no monthly or annual fees, and you do not run the risk of getting into debt that you cannot escape.

Low Limit High School Student Credit Cards

To be honest the idea of high school kids running around with credit cards should probably make us all a little nervous. Teenagers aren’t known for their foresight or restraint are they? No, they’re not. They’re known for seeking excess. I’m not saying it’s such bad thing. Teens need to spread their wings a little, rebel a little.

So when we think about the right way to ease kids into the world of credit cards, we want to make sure they have that sense of freedom without giving them the chance to get a headstart down the road to financial ruin.

When I got my first credit card I was 18. I was financially clueless. I was clueless in everything else too. But especially financially. A good friend and mentor advised me to get a credit card so I could establish credit history and get a decent credit score while I was still young. He also advised me to keep the limit low. This was his advice:

“Get a low limit credit card. Everyone screws up and maxes out their credit cards at least once in their life. You’re better off doing it with a $500 credit limit than with a $5000 credit limit.”

He couldn’t have been more right. Sure enough, I maxed that credit card out soon after I got it. Luckily it was only $500 worth, and I only had to see one finance charge on my statement to realize I didn’t want to misuse credit cards ever again. I’ve made my mistakes since then, but I’ve never forgotten the lesson learned from my first credit card.

For parents who want to give their teen an even safer credit learning tool, there are prepaid credit cards. In a sense, it’s not a credit card at all. It’s a charge card. What that means is you load it up with whatever amount of money you’re okay with your teen losing, and then let them experience making purchases with the plastic.

If nothing else, using a prepaid credit card should teach kids that credit cards are ‘real money’. In other words, you may not take the cash out of your wallet and hand it to the cashier, but it’s money you’re responsible for. When you run out of money on the prepaid card, the card is useless. That’s a great thing for a kid to get used to. It should help them understand that credit cards are a tool to be used intelligently.