PrimeWay Federal Credit Union Launches Reloadable Prepaid Card in Time for the Holidays

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Dec 19, 2014, 08:15 ET

HOUSTON, Dec. 19, 2014 /PRNewswire/ -- GOBankingRates client PrimeWay Federal Credit Union in Houston announces the launch of its Reloadable Prepaid Card just in time for the holidays. The reloadable card provides a convenient way for PrimeWay members to shop, pay bills and travel with the ease and security of a credit or debit card but without the need for a linked checking account.

LEARN MORE about PrimeWay

"Many Americans struggle with credit card debt, but PrimeWay's Reloadable Prepaid Card offers the convenience of a credit card with the reassurance of specific fund availability," said Casey Bond, GOBankingRates' managing editor. "By providing this type of tool, the credit union is meeting members' needs in terms of card functionality, as well as helping them gain more control over their finances."

Features of the Reloadable Prepaid Card include:

No monthly fees with direct deposit
Free cash back at point of sale
No required checking account
No late fees
Online account status availability
Text alerts for balance or other information

Unlike cash, the card is replaceable if lost or stolen, and unlike a debit card, fund availability is set by the credit union member without exposing an entire checking or savings account balance.

The card also can serve as a great tool for parents to teach their teenagers responsible card use while still maintaining control of limiting the balance and monitoring activity. It can help teens learn to budget and gives them some freedom to shop for friends and family during the holidays with a controlled amount of independence.

About PrimeWay Federal Credit Union

Since 1937, PrimeWay has been serving the greater Houston metroplex area, including Harris and Fort Bend counties. With a value statement representing compassion, accountability, real value, integrity, new ideas and guidance, PrimeWay leads the way in member service and putting families first. It takes a vested interest in each of its members and employees, making PrimeWay truly a place where people love to work and do business.

About GOBankingRates

GOBankingRates.com connects consumers with the best credit unions, banks and interest rates nationwide, aggregating over 11 million rates from more than 6,000 institutions.

Contact:

Roxy Barghahn
Media Relations, GOBankingRates
[email protected]
(310) 297-9233 ×202

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SOURCE GOBankingRates