Upside Student Pre-Paid Card
Whether you're a college student needing a way to pay for your textbooks, nights out, and online purchases, or a parent that wants to teach their teen how to use a credit card without having to worry about overcharges and debt, a UPSide Student Prepaid Card is an ideal solution.
With an UPSide Student Prepaid Card, there is no credit check, because money is loaded on to the card and it acts like a debit account. Since it's not a credit account, there is no interest rate, saving money. There are three different types of the UPSide card: UPSide Clear, UPSide Access, and UPSide Edge.
UPSide Clear offers a card with no membership fee and a maximum balance of $1,000. The basic card does not offer ATM access, but does let a parent load money on to the card directly from their checking or savings account for free. Money can also be added through a credit card, for a fee of $2.50. If the teen or college student has a job and wants to load their own income on to the card, a direct deposit can be set up through the employer. With the UPSide Clear card, this costs a fee of $2.50 per deposit.
UPSide Access is a step up from the Clear, allowing for ATM access and a maximum balance of $2,000. There is a membership fee of $2.99 per month, but this plan allows for free direct deposits in addition to the free transferring of funds from a parent's bank account. There is also an online check writing feature for the UPSide Access.
UPSide Edge offers the most benefits of the three cards. While the card carries an annual fee of $29.95, that fee can be refunded based on the amount of money loaded on to the card throughout the year. Load $2,000 for $20 cash back, $2,900 for $29.95 cash back, or load $4,500 and get $50 cash back, allowing for a $20.05 reward over the annual fee. The UPSide Edge card allows for a maximum balance of $5,000.
UPSide Student Prepaid cards hold the Visa logo, meaning that they are accepted anywhere that Visa is accepted. If you have a teen that you give a weekly allowance, using one of these prepaid cards can allow them to spend their allowance at online retailers or stores only accepting credit cards without you having to give them your credit card.
If you have a student that's off to college soon, giving them an UPSide prepaid card can help them stay away from credit cards. College students are racking up more credit card debt than ever, with the average college student graduating with over $4,000 in credit card debt. To keep your student from starting off their life with credit problems, send them off with an UPSide Student prepaid card, and reload it as you see fit.
Worries about your teen or college student losing their prepaid card can be set aside: with an UPSide prepaid card, funds will be reimbursed provided you notify the company that the card has been lost immediately.
A teen or student will appreciate the flexibility of a credit card, and will like the cool designs that the cards come in. Designs are available seasonally, and feature everything from anime to popular music, so there's a card for any teen or college student.