Update: This offer is no longer available, although Rushcard remains a popular option for tax refunds. The best prepaid card for tax refunds, however, is the Netspend Prepaid Visa. There’s no credit check, no activation fee, and no minimum balance. And they make it very easy to set up direct deposit of a tax refund.
Rushcard is one of the most popular prepaid debit cards. It’s one of only a few prepaid cards that meet the strict standards of the Visa Clear Program. Now it’s offering up to a $30 cash bonus when you have your tax refund added to a Rushcard via direct deposit.
Prepaid cards have accepted direct deposit of tax refunds for years. At one point this feature was a bit of a novelty, offered by just a few players in the prepaid card space. Today virtually all prepaid cards offer this feature.
In an effort to draw in new customers, prepaid card companies like Rushcard are offering a bonus. Here are the details on the Rushcard bonus:
- When you apply for a Prepaid Visa RushCard and Direct Deposit a total of $3,000 or more of your tax refund, you’ll get $30.
- Or, when you Direct Deposit between $2,000 and $2,999, you’ll get $20.
It’s a simple program, but you do have to have a refund of at least $2,000 to qualify for a bonus. Note that if your refund is less than $2,000, you can still have it deposited directly onto a Rushcard. You just won’t qualify for a bonus.
Generally it’s smart to have your tax refund paid via direct deposit. You get your refund up to two weeks faster. You also don’t have to deal with cashing or depositing a paper check.
For more details and to apply for the card, visit the Rushcard official website.