Credit Cards vs. Debit Cards

Debit cards are an alternative to credit cards with some major differences. Debit cards withdraw money directly from your checking account, and although they may have a MasterCard or VISA logo your available credit limit is the money you currently have in your bank account.

Debit cards are accepted by merchants for goods and services, usually consumables like; groceries, gas, meals out, and clothing. You are actually paying cash for these items just as though you handed the merchant money instead of plastic. You generally can only spend what you have unless you have an “overdraft” account which will cover a little more.

Credit Cards are borrowed money, used for a variety of items. It’s the “buy now, pay later” plan. This works if you have the money to pay later, but can become a credit trap if you spend more than you can pay back later because you “thought you could”.

DEBIT CARDS

• Your money, direct access to your account
• No interest or finance charges
• Do not report activity to credit reporting bureaus, not useful for building credit scores
• Works in ATM’s for cash with PIN number or at “point of Sale” for merchandise without PIN
• Point of Sale transactions come directly from your bank account, no monthly bills, but no time delay either
• If stolen, can give thief direct access to all your money with limited protection against misuse and theft
• Must keep track of spending in check book so you don’t get overdrawn

Prepaid Visa® RushCard

Intro APR Intro Period Regular APR Annual Fee ** N/A* N/A%* N/A* Created by Russell Simmons to provide Financial Freedom and Respect Guaranteed approval* No Credit Check Free Direct Deposit No Overdraft Fees/ No Check Fees/ No Interest Fees Free Credit Builder 56% of cardholders save over $300/ year using the RushCard Make money with our Refer A Friend Program Reloadable with a $10,000 maximum balance Free Email/ SMS Alerts

Baby Phat Prepaid Visa® RushCard

Intro APR Intro Period Regular APR Annual Fee ** N/A* N/A%* N/A* Show your style with the BabyPhat RushCard Guaranteed approval* No Credit Check Free Direct Deposit No Overdraft Fees/ No Check Fees/ No Interest Fees Free Credit Builder 56% of cardholders save over $300/ year using the RushCard Make money with our Refer A Friend Program Reloadable with a $10,000 maximum balance Free Email/ SMS Alerts

Wired Plastic™ Visa® Prepaid Card

Intro APR Intro Period Regular APR Annual Fee ** N/A* N/A%* 39.95* New Card for Convenient Tap-n-Pay Purchases at Merchants Nationwide No Bounced Check, NSF and Overdraft Charges EVER! FREE Rewards Program - Earn 1 point for every $1 spent, redeem for Prepaid Wireless Airtime, Music Downloads, LD Calls FREE Bill Pay Service - Pay Anyone Online or Over the Phone FREE Credit Builder with Overdraft Protection FREE Mobile & Email Alerts FREE Direct Deposit - Eliminate Check Cashing Fees Add Cash Instantly at 100,000 Retail Locations Nationwide

AccountNow™ Prepaid MasterCard®

Intro APR Intro Period Regular APR Annual Fee ** N/A* N/A%* See Terms** Build your credit with the new iAdvance loan option(SM) Instant Guaranteed Approval* – no credit check, no security deposit $0 ACTIVATION FEE – when you load your card by direct deposit Free Direct Deposit – no more check cashing fees Free Online Bill Pay – no need for expensive money orders Free Credit Builder† – bill pay transactions are reported to PRBC® No Overdraft Fees – no minimum balance required Reloadable - $10,000 balance limit

First Vineyard MasterCard® Card

Intro APR Intro Period Regular APR Annual Fee ** N/A* N/A%* ** Receive cash back from your own spending Receive cash compensation from the spending of anyone in your compensation tree. Live debt free and receive compensation for your everyday spending. Reload your card directly from your payroll or bank account Powerful Online Account Management Online Bill Payment service included – Pay your bills directly with our powerful bill payment service Card Accepted at 30 Million merchants & One Million ATM machines

All-Access® Visa® Prepaid Card

Intro APR Intro Period Regular APR Annual Fee ** N/A* N/A%* None* 100% approval - NO credit check required Make purchases anywhere Visa Debit is accepted No overdraft fees or minimum balances Online Bill Pay - Easily send a check to anyone 5% APY Savings Account - EXCLUSIVE! FREE Direct Deposit from your paycheck or government check Add up to $10K to your account in over 65,000 locations As seen on TV and in stores nationwide!

CREDIT CARDS

• Borrowed money, must be paid back
• Costs you finance charges, interest charges, dues and fees
• Reports your habits to credit bureaus. May help or hurt your credit score depending on your spending and payment habits
• Credit limit generally higher than cash on hand would be
• Can get cash as “cash advances” costs more in interest and finance fees
• If stolen you are only liable for the first $50 taken

Both kinds of cards have their positives and negatives. The biggest negative on the debit card is the issue of stolen or unauthorized usage. This could cause you to lose a great deal of money. It’s always a good idea to have a separate account for the debit card so that any thief is limited on the amount he can steal.

Safety TIPS

To safeguard your debit card, follow these measures.

• Sign your card as soon as you receive it.
• Report a lost or stolen card immediately.
• Always review your statements and report any unauthorized charges immediately.
• Keep the phone number and name of your card issuer in a safe, secure place.
• Choose a PIN that no one else could possibly know or guess.
• Memorize your PIN and never give it out or write it on the card, the card sleeve or on anything else you keep in your wallet or purse.
• Shield the screen and keyboard when you are entering your PIN.