American personal finance icon, best-selling author and Emmy-award-winning television host, Suze Orman has created a prepaid debit card – The Approved Card, which is promoted as “better than cash” and “safer than cash.” The Approved Card boasts low fees and is diverse from all those other celebrity-branded prepaid cards. This card is very much helpful for middle class people, who want to evade credit cards, as it lets a person to put money on the card and utilize it for every day transactions. You can’t go into debt like other prepaid cards, as you can just spend the money that’s loaded on the card. Suze Orman fans should catch hold of this Approved Card, which is also an alternative to traditional credit card and debit card.

The fee is the first thing concerned by any person before purchasing any card. Suze is very straightforward regarding the fee schedule on her card – $3 is the purchase price of the Approved card, which is in line with a few of the cheapest prepaid cards on the market. The card charges a $3 monthly fee after the first month, which is not too bad. Some facilities are available for free including Direct Deposit Fee, Account to Account Transfer Fee, Balance Check Fee – Online or IVR (Automated Telephone System), etc. while some services are charged like Allpoint ATM Withdrawal Fee (Domestic) – $2.00 per transaction, Non-Allpoint ATM Withdrawal Fee (Domestic) – $2.00 per withdrawal in addition to fees charged by the ATM owner or operator, Paper Statement Fee – $2.00 per statement, Card Replacement Issuance Fee – $3.00 per card, etc.

The official website (www.theapprovedcard.com) provides all the minute details about the approved card like reasons to select the card, features & benefits of card, and even see a video in which Suze is explains about her card. One great benefit of the card that attracts everyone is that it is safer than walking around with cash. A prepaid debit card won’t allow you spend money that is not on the card, thus helps you to save money. I think this fact is enough for you to buy it for yourself and your family’s financial transactions. Load it and use it daily for paying your bills. As well, you can set up an Emergency Fund to keep aside money for the “what-ifs” in life!

Approved card is the first prepaid card to share details with TransUnion, one of the three chief credit bureaus. As fraction of The Credit Project, your transaction data will be sent to TransUnion by the Approved Card. Over numerous months, the bureau will aggregate the data and resolve whether daily debit card transactions could be used in credit reporting and scoring. Any person who is a U.S. resident age 18 and above, have a verifiable physical U.S. Street Address (No PO Boxes) and a valid Social Security number can enroll for the card. For getting a secondary card, minimum age requirement is 13.

The Approved card is looking notable and appears to be a splendid royal blue color. The numbers are in royal silver and make a classy statement themselves. You will surely enjoy having the new Suze Orman prepaid credit card in your pocket. The procedure of enrolling for Suze Orman’s the approved card is very simple and takes only minutes to complete online. No need to complete a credit check, which is a best thing about this card. Hence, if you have been turned down for a credit card due to a credit check, then you won’t be turned down for that particular reason for the approved card. Just head over to Theapprovedcard.com, and click on ‘Enroll now’ button. Then you have to fill up a form with personal details including name, address, date of birth, phone number, etc. You can enroll and set up your account quickly. Your personal details are protected with continuous monitoring from TrustedID®. If they ever detect a risk to your personal info, they’ll aware you instantly and connect you with their on-call protection specialists to determine the circumstances.

One can use the Approved Card till the expiration date, which is printed on the front of your Card. If the Card account expires and there is balance in your card then don’t worry, as a new Card will be mailed to you and the remaining funds will be added to your new Card. You have to simply verify that your contact details are correct so that they can deliver your new Card to the correct address. In case, your account has a 0 balance at expiration, then it cannot be reloaded or renewed.

Merits:

• Make you spend the money that is loaded on the card – a Smart card for Smart people
• Process to enroll for the approved card is very easy and fast
• Approved Card can be utilized where Debit MasterCard is accepted
• Card comes with lots of free perks like Balance Check Fee – Online or IVR (Automated Telephone System), etc.
• Set aside money which will not be a part of your prepaid balance through an Emergency Fund
• Get free ID theft protection from TrustedID
• Fewer fees compared to other prepaid cards
• See video from Suze herself explaining about her card

Demerits:

• Card purchase Fee is $3.00 per card – this fee is not refundable
• Pay extra charges for some services like Domestic ATM Balance Inquiry Fee, etc.
• You can’t pay for gasoline purchases at the pump with this card

WABC The Approved Card video from youtube: