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The Approved Card from Suze Orman

The Approved Card from Suze Orman

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KEY TERMS

Usage Fees

Activation Fee: $3.00

Monthly Fee: None 1st month, $3 after

Signature Transaction Fee: Free

Pin Transaction Fee: Free

ATM Fees

In Network ATM Transaction Fee: $0

ATM Network Size : N/A

Out of Network ATM Transaction Fee: $2

Foreign ATM Transaction Fee: N/A

The Approved Card from Suze Orman's Additional Info

$2.00 per transaction at AllPoint ATMs (waived for 30 days with a qualifying Direct Deposit or Bank Transfer of $20.00 or more); $2.00 per withdrawal at all other ATMs plus any fees charged by the ATM owner or operator

The Approved Card is a prepaid card, not a credit card, so you can’t get into debt when you use it. You can use the Approved Card wherever Debit MasterCard is accepted, and it’s safer than cash.

Load it and use it every day! Use it to pay your bills online and for everday purchases. You can even set up an Emergency Fund to set aside money for the “what-ifs” in life!

Your personal information is protected with constant monitoring from TrustedID®. If they ever detect a risk to your personal information, they’ll alert you immediately and connect you with their on-call protection specialists to resolve the situation.

Set some money aside by depositing it into your Emergency Fund. You can't spend this money without first contacting Approved Card customer support, so you will not spend it by accident, but will find it easier to save.

The Approved Card from Suze Orman Q&A

Can't find what you are looking for? Submit your question about The Approved Card from Suze Orman to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered.

Upvotes

ALLLLLLL I WANT TO DO IS PUT MORE MONEY ON THIS CARDDDDD. HOW DO I DO THAT ON THIS SITE I DOn't SEE ANYTHING SAYING TO ADD MONEY? HELPPPPPPPPP HA HA.

WalletHub

In order to manage your account online you need to go to: https://www2.theapprovedcard.com/#login

Upvotes

Does The Approved Card from Suze Orman report to the credit bureaus?

WalletHub

Unfortunately, the marketing promotion around The Approved Card has all of us confused. However, the truth is that this prepaid card will do nothing for your credit score. If you need to improve your credit your only option is a secured credit card.

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Upvote

Why does The Approved Card from Suze Orman have a $3.00 monthly fee?

WalletHub

The Approved Card from Suze Orman has a monthly fee to cover for their maintenance expenses.

Suze has really managed to confuse all of us, hasn't she? The Approved Prepaid Card will NOT IMPROVE anyone's credit score. Maybe in a few years that will change but as of now that is a fact. Secured credit cards are the only option for people that want to build their credit scores.

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Upvotes

The card, company, has the poorest customer service I have dealt with. The website does not show a easy "contact me" link. There are no email or phone numbers. It is very frustrating.

Upvotes

ITS FRUSTRATING AND ITS VERY HARD TO GET THE PEOPLE TO HELP U WITH ANY QUESTIONS, AND THEY ARE NOT DOING WHAT THEY SAY THEY DO?

Upvotes

What prepaid card can I use to rent a car?

WalletHub

If you want to rent a car any prepaid card will do. However, rental agencies withhold more money than the actual cost of renting because they want to make sure that any unforeseen expenses (gas, car damage etc.) will be covered. You will not be able to use those funds until the final transaction is posted to your statement. So, it's better if you call the agency and ask them about their specific policy. Also,...

Upvotes

New flash! My bank charges me 36.00 each time a gym fee runs through my account and the funds are not in at the same time. And even when I look and see the account balance as good, somehow I get hit with a over draft fee. (36.00) so why not pay the 3.00 to open and any other fees. I'm still spending less. I want my account to have money in it that's all. I don't want to do online bill pay or anything related to that with my bank.

Upvotes

It is not true that rental cars will not take debit cards. Major car rental companies accept debit cards and prepaid cards but usually put a hold of the max of $250 OR (the cost of the rental + 15%). If you do not want to deal with such a high hold on your money then I would recommend you get a secured credit card: https://wallethub.com/credit-cards/secured/

Upvotes

TheDark Child how does this card build your fico score?

Upvotes

I recently received my card, and am having alot of trouble loading $ on it. I was trying to use $ from my savings account, but it will not allow me to do this. Don't know what to do.

WalletHub

I would say call customer service at 1-888-259-0113 but be careful because unfortunately the Approved Prepaid Card will charge you $2 per call after the first monthly call that is free.

The Approved Card from Suze Orman Reviews

Share your insights and review for The Approved Card from Suze Orman

3.7

What's Your Rating?

WalletHub
January 16, 2012 • @WalletHub

editor's review

While the American Express prepaid card has much lower fees than most prepaid cards, they do not offer a bill payment service which renders the card useless as an alternative to a checking account. Also they are not affiliated with an ATM network which means that the combination of Amex's ATM fees together with the fee charged by the owner/operator of the ATM can make the Amex card a very costly card for someone that needs frequent ATM access.

Here is more information on the Amex prepaid debit card:
https://wallethub.com/d/american-express-prepaid-card-569c/

Comment

WalletHub
January 16, 2012 • @WalletHub

editor's review

TheDark Child - Actually neither Suze's prepaid debit card or ANY other prepaid card help you build your credit in any sort of manner! It is actually unfortunate that Suze markets her card in such a misleading way...

The only thing that Orman's prepaid card does is that it shares purchase, payment and other transaction information with TransUnion (one of the major credit bureaus) so that they can study the correlation between that information and the information that is currently included in most consumer credit reports. In other words it is a study that will yield NO changes to a consumer's credit report and credit score. Maybe two years after the study is complete something actionable might emerge.

Bottom line is that if you need to build or rebuild your credit score stay away from Suze Orman's prepaid card or ANY other prepaid card for that matter. Just apply for a secured credit card:
https://wallethub.com/credit-cards/secured/

Comment

Veda Simpson
April 5, 2015 • @veda.simpson.9

I've had my card for about 5 years and have not been able to use it. The first free call to activate my APPROVEDCARD was like speaking to a foreign telemarketing hub of cubicles where you could hear everyone else talking on phones in the background. I barely got a word in before he told me "This is your one free call" and then he hung up on me. I never called back but I did go to the website and I did activate my APPROVEDCARD but was never able to make any transactions OTHER THAN LOADING IT. THANKS FOR NOTHING APPROVEDCARD. PS...You should make zero stars an option for rating the APPROVEDCARD.

Comment

Ken Campbell
February 11, 2014 • @campbkr

There are fees among fees but that is standard for this type of card. Customer service is next to zero but that was not an option on this review. If you try to cancel the card there are complications with that to put it mildly. The card is cancelled but they still withdraw money from your account and charge you every time you call to get a status. If things go well and you don't mind running around to transfer funds manually or go to your bank time and time again to confirm "The Approved Card" that it is really you transferring the funds, the card kind of works. Right now my mom has a balance that is in limbo for the past two months and about $50 in charges, trying to figure out why the card is blocked. The good news is the funds will be exhausted soon so I am sure the block will be removed at that time. I was a Suze Orman fan but to provide zero level of service and charge for it is a real shame. I have never dealt with a company this poor in customer service and hope to minimize the damage in exiting.

Comment

Ken Campbell
March 9, 2014 • @campbkr

I was finally able to get the account working again after a month of running around. We will see how things go now. There seems to be a shift in the level of customer service lately.

Comment

George Beal
September 20, 2013 • @george.beal.182

I am an existing card holder. Recent changes to the card's web site prompt many questions, but neither the phone number on the back of my card nor the email options on the web site work, leaving no way to resolve problems. How can this be a "people first" card if people cannot contact them?

Comment

Mike Davis
February 4, 2013 • @miked_6

Rip off. Fee after fee charged. Difficulty cancelling, because even after it's cancelled they continue to withdraw money, which leads to bank fees when money is not there.

Comment

Mike Davis
February 4, 2013 • @miked_6

This is such a rip off. There are fees among fees. Then when you try to cancel the card there are complications with that. The card is cancelled but they still withdraw money from your account. Then you try to go online to stop the money from being withdrawn, then there hoops to jump through. You have to reset your password. They say they are sending your new password to your email,...it never appears, not in spam or junk either. Just a scam don't do it. Suze Orman shame on you.

Comment

4i
September 19, 2012 • @4iCoutureFashion

American Express prepaid card is the best out there.

Comment

Janet Aldrich
December 30, 2013 • @tec4cleveland

AMEX isn't taken everywhere. I have several bills I pay with my (MC) prepaid card that I couldn't pay with AMEX.

Comment

Cindy McMahon
September 16, 2012 • @cindy.mcmahon.52

In just over a month Suze Orman's card has helped us rein in our spending dramatically. The way it's going to improve MY credit score is to help me get previously-used credit cards completely paid off! I'm sure that's true of any prepaid card. 2 things I'm uncomfortable with: it takes 3 days to get money from my bank deposited onto the card (although if I have it there already, transfering money from main account to husband's card is immediate). I like the per-transaction e-mails, but the phone TEXTS are not specific about whose card they're referring to, AND, unlike the e-mails, they tend to lag in immediacy, sometimes DAYS late. Has proven embarrasing.

Comment

Renie Cooney
April 5, 2012 • @renie.cooney

The Suze Orman credit card is not a what it is cracked up to be.. 1. monthly fee (I pay my credit cards off each month and I don't get a charge) Customer Service is free for 1 call and then you pay $2 for each additional call. My other credit card doesn't charge at all to contact them. The worst thing about this card is you have to go through a 3rd party to put money on it to spend, such as western union. WHAT? Is she just trying to confuse people? Just pay your bills and don't get yourself into a financial crisis.

Comment

WalletHub
April 5, 2012 • @WalletHub

You are absolutely right!! However, a more accurate comparison should be relative to your debit card because Suze's card (like all other prepaid cards) does NOT offer a line of credit and does not help you build ANY credit history.

Comment

Review The Approved Card from Suze Orman

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The Approved Card from Suze Orman

The Approved Card from Suze Orman

Usage Fees

ATM Fees

The Approved Card from Suze Orman's Additional Info

The Approved Card from Suze Orman Q&A

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The Approved Card from Suze Orman Reviews

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