OK I can see how the rich, well off, or people with decent credit and a bank ccount can not find this deal appealing BUT people who are in my situation that have had a stroke of bad luck, cant get a bank account because they are on check systems, have bad credit to where no credit card company will give them one and with my situation dont need to have that temptation in my pocket will find this a needed thing for anything on line and at stores.
I dont have a bank account, filed BK, credit sucks, becasue I am disabled my wife has to work and she makes enough that we can only live pay check to pay check so I was able to get a refillable card that can be used at all credit card locations as long as my money is on it.
I sell here at anandtech and at others but 99% only paid by paypal so it allwed me to open a PP account. Now I am able to sell more stuff and get more money into my house hold.
May be able to open a Ebay account ad sell some other stuff that may be able to pull us out of our slump.
This card is one of the only I know that will let you link your card to your pp account AS a checking account making it so I can be verified and not have a limit. (see picture link on top)
This is one of the only cards because of that, that, will let you take the funds from your pp account and put it on your card as spendable cash.
IF I were to find another secured cc they will not allow you to do the above AND they will still charge me a anual fee. So the $69 is like getting one with a anual fee but I get all the above perks and no other charges BUT $2 when I take my money from a atm but why would you need to wen you can use your card as a credit card and not be charged to pay for things?? Also look at the fine print on a regual cc and see what they charge to pull cash off your real credit card at a atm. Bet anything its more then $2.
So if you would sit and think of other people in my situation and not yours you can see how this is a great deal for someone. When you factor in a one time fee for 3 years of $20 to get the card, if you are going to use it alot the anual fee of $69 is not all that bad if your in my shoes. Granted it may be a little more money BUT there is no other card out that will let me do what this one will which balances out the small extra charge.
Can you see how this is a hot deal now???
If you can find a cc company or bank that will give a cc with less fees, no credit check, a lower annual fee then $69, can transefer the money from your PP account to your card, will not charge you intrest on your own money, will let you transfer money from one card holder to the next for FREE no matter the ammount, let you transfer money from your bank account to your card for FREE no matter the ammount, check your statement online or have it sent to your cell phone, lets you link your card to your pp account as a checking account making you verified, a referal program to if your friend signs up you get $5 and they get $2, and because you dont have good credit still use it as a credit card anywhere master card or visa logo is PLEASE link it! Now when you get all of the above $20 for a card good for 3 years and the annual fee doesnt look all that bad does it?