Credit Card Forum
  1. #1
    Green Member
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    Feb 2013
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    Savannah, GA
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    Question Is there any online bank or pre-paid card that isn't hated?

    I do not want a credit card. I couldn't get one anyway.

    All I want is an account that I can use so I can buy stuff online. I am scared to death to use my real banking account. Someone is going to take all the money out "by accident."

    So, I thought I'd get an online bank and transfer money to it. Apparently they are all evil based on a 90% of all reviews for *all* institutions.

    Then, I thought I'd just get a pre-paid card of some sort. Now I find out people don't like them.

    After reading horror stories on online banking, I think I just want pre-paid card of some sort. Are *any* of them any good? What can I do? I have to pay $15 a month to open a sub account at my bank. No thank you.
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  2. #2
    Green Member
    Join Date
    Jan 2013
    Location
    Denver, CO
    Posts
    14
    Amex PRG NPSL
    Discover IT: $6,000
    BoA Visa: $11,500
    BoA Cash Rewards: $1,500
    Barclays NFL Extra Points: $3,500
    Barclays Rewards: $900
    Capital One No Hassle Rewards: $2,750
    Capital One Quicksilver Rewards: $1,200
    ENT FCU/Élan: $400

    Store:
    Eddie Bauer: $650
    Wal-Mart: $3,200
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  3. #3
    Gold Member
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    May 2012
    Location
    New York, NY
    Posts
    26

    Default

    If you're somewhere that is a Chase Market the Chase Liquid is better than the AMEX prepaid cards. Because you get free unlimited use of Chase ATM's and the fees are comparable and as simplistic as AMEX prepaid.
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  4. Centurion Member
    Join Date
    Jul 2011
    Location
    New York
    Posts
    1,341

    Default

    Chase Liquid has a monthly fee of $4.95. Amex prepaid cards are free as long as you're not using them at an ATM.

    Bank of America's eBanking account is free as long as you only use their ATMs for deposits/withdrawals.

    For online banks, it depends what you're looking for, for example Charles Schwab Bank reimburses ATM fees.
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  5. #5
    Centurion Member
    Join Date
    Oct 2012
    Location
    NY
    Posts
    796

    Default

    Get BlueBird
    Credit Cards
    Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

    Not Used
    Citi Simplicity - 5K, Sam's Club Discover - 10K

    Future Cards
    Sallie Mae World Mastercard

    FICOs
    Exp 772 - TU 781 - Equ 781
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  6. #6
    Centurion Member
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    Jan 2013
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    USA
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    Ally Bank. I've been using it for over 2 years, its awesome. You call their customer service and you speak to an American with usually 1-2 minute waits (they even tell you the wait time on their web site). You get a very good interest rate on both Checking and Savings accounts. You get free checks. You get free withdrawals at any ATM and at the end of the month, they reimburse you for 100% of the ATM fees.

    Amex BCE: 3% grocery, 2% gas
    Bank of America Better Balance Rewards MC: $25/quarter bonus
    Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
    Capital One Quicksilver Visa Signature: 1.5% everything
    Chase Freedom Visa Signature: 5% rotating
    Chase Sapphire Preferred: 2% travel
    Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
    Discover It: 5% rotating
    US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
    Chase Amazon Visa: 3% amazon.com (unused)
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  7. #7
    Centurion Member Calipso's Avatar
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    Oct 2012
    Location
    Boston
    Posts
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    Default

    I'll go as far as saying using an online bank or debit card for online purchases as stupid.

    Reasons:
    #1. If you get scammed, good luck getting your cash back from your bank. Most banks offer little protection for debit purchases and it if you do get YOUR money back it will take some time.
    #2. Your money is the one being put at risk paying with debit. Using a credit card (and paying in full) you are using the BANK'S money.
    #3. Companies like Amex have purchase protection. Comes in handy when needed.

    I have five debit cards (Local bank, RTN FCU, CCCU, NFCU, DCU) and I only use one to withdraw cash from an ATM on the rare transactions I do with cash.
    My Limits:
    NFCU NavCheck: $15,000/NFCU Platinum: $11,500/NFCU nRewards: $8,000
    Chase Freedom: $6,500/Chase Slate: $6,000/CSP: $5,000/Marriott Rewards Primier: $5,000/United MileagePlus Explorer: $5,000/Southwest Primier: $3,000
    Citi Hilton HHonors: $9,700/Citi Simplicity: $8,200/Citi Forward: $5,500
    AMEX Blue Cash Everyday: $8,000/SPG AMEX: $5,000/AMEX Everyday: $5,000/AMEX Delta Skymiles Platinum: $3,400
    Discover IT: $7,700
    Barclay's NFL Extra Points (Carolina Panthers): $5,000
    DCU Platinum: $3,000
    RTN FCU CC: $2,000
    CCCU Platinum Rewards Visa: $2,000

    Current total limit: $129,500
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  8. Centurion Member
    Join Date
    Dec 2012
    Location
    Iowa
    Posts
    125

    Default

    I use INGDirect and I think they are great. I agree credit cards are the best option for security, but not everyone wants or can get a credit card. I use several cards for building credit only, but prepaid is nice to help control spending. I don't think KAIKU is so evil, only $1.95 per month and you can load from paypal. I would recomend Bluebird, but it's an Amex product so you might run into acceptance issues. As for the easiest, I'd look for something you can link to your bank account so you can easily add funds for free and I'd look for low or no monthly fees. Bluebird does give you more ways to add funds and you can add cash at Walmart for free for when you need funds on your card quickly. I fully understand, only keep on the card what you need so a thief would only have access to the $200 left on your card which would hurt less than the $20,000 in your checking account. The only thing that's really hated with some cards is they are loaded with fees, and it makes little sense to pay someone to hold your money. The good news is fees can be avoided if the card is used properly, so be sure to read over the terms and all the fees.
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