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It doesn't report to any credit bureaus because it's not a credit card. It's basically the same as a bank debit card with a few expections.
1) You don't need a checking account. That seems to be a problem in the black community as well, alot of young people don't have a bank account. I guess this would be good if you have a teen who is not old enough for a bank account, but has a job.
2)You have to pay a one time processing fee of $19.95 when you add your money to the card.
3) You can earn cash back from shopping at select locations.
Although I have two checking accounts, one for personal and one for business. I thought it would be a good idea for my husband and I to get these cards. We put our "allowance" on them. That way we stay withon our budget without going into the household money. Plus you can put money back and forth from account to account on these cards. The only way you can do that with the bank is if both are you accounts.
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