The Young Money Debit Card is a prepaid debit card that can be used just like a regular credit card. The only difference is that because it is a prepaid card, you can only spend the money that you deposit onto your account. Once you load your Young Money Card with funds, you will be able to shop online, eat at restaurants and withdrawal money at the ATM. It’s a lot more convenient than carrying cash and is safer as well.
The Young Money Card was launched by Young Money Entertainment and its founder Lil Wayne. It is their way to allow underbanked or people who do not trust banks to have the same benefits of traditional credit card holders or debit card users. The major benefit is that with a prepaid card, you will never be driven into debt or be forced to pay the excessive fees from credit cards.
Young Money Prepaid Debit Card Features
- Access to your money faster with free direct deposit onto your prepaid card
- Online bill pay for all of your utilities, home, auto or other bills
- Savings card program that includes prescription, imaging & laboratory discounts
- Text and email alerts if your balance is ever low
The Young Money Discover Card is also backed by the Discover Card Fraud Protection. This means if your card is ever lost or stolen, you will not be responsible for the lost funds. This can provide a major relief when using a credit card, because there are so many areas for potential fraud. Having Discover Card guarantee your funds and back them in the event that your card is stolen makes using a prepaid card much safer than carrying cash.