What is a Credit Karma Card?
The Credit Karma card is an FDIC-insured debit card that helps users save money and stretch their shopping expenses. It is just like any other debit card, but with a little bonus. The good thing about the credit card is that it offers more than just a convenient payment method. Also, you can earn cashback, discounts, and other perks on purchases made with the card. The best part is that Credit Karma Money Spend has no monthly fees, no foreign transaction fees, and no annual fees, among other card benefits and perks.How to Load Your Credit Karma Card
Loading money onto your Credit Karma card is very easy. The card has several different ways for loading money, and all it takes is a few clicks of your mouse or taps of your finger. Once you can access the Load Money feature, you can fund your account with the following three options:1. Direct Deposit: Clients can set up direct deposit for their payroll, social security, unemployment benefits, and other recurring income sources. Users only need to give out their Credit Karma Money account and routing numbers to whoever is making the deposit.
2. Transfer: Users can transfer funds from their external checking or savings account to their Credit Karma Money Spend account. The process takes about one to three business days, depending on the bank.
3. Cash Deposit: Credit Karma Money Spend cardholders can deposit cash into their account at any Green Dot location. It can attract a $4.95 fee but can be waived if there are deposit amounts worth $1,000 or more in a month.
Benefits of the Credit Karma Card
Paying with a credit card can be very advantageous, especially if the card comes with additional benefits. Here are some perks of getting yourself a Credit Karma card:1. Fee-free: Unlike many other cards, Credit Karma Money Spend is fee-free. There are no monthly fees, no foreign transaction fees, and no service fees. Additionally, users are not charged for using over 55,000 ATMs worldwide as they do not have any surcharge or other fees.
2. Rewards: Those who use the Credit Karma card always earn more. The card offers cashback rewards of up to 1 percent on transactions, plus discounts on purchases from some stores and retailers.
3. Fraud protection: Credit Karma Money Spend has a zero liability policy on fraudulent transactions. Users are not liable for any unauthorized purchases that occur on their account. Customers can also freeze and unfreeze their account whenever they wish.