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The Chase Liquid card is a reloadable prepaid debit card. You load money on the card and then use it at ATMs to make purchases or pay bills. It’s a good way to make sure your budget stays on track because you can’t spend more than what you have on the card.
Keep reading this Chase Liquid prepaid card review to decide if this Chase card is right for you.
|Chase Liquid Prepaid Card at a Glance|
|Rates are accurate as of Oct. 4, 2018.|
In This Review:
- What You Need to Know About the Chase Liquid Prepaid Card
- Best Features of Chase Liquid Prepaid Card
- Chase Liquid Prepaid Card Helps You Stick to Your Budget
This card can be an effective budgeting tool since you cannot spend more than the money you deposit on the card. If you pay your monthly bills from your checking account, you could deposit your spending money on this card to prevent you from dipping into the money that you have earmarked for bills. It’s also a good way to provide teenagers and college students with a card and have some control over what they spend.
Best for: People who want to keep their discretionary income separate and make sure that they don’t overspend. You can also use it if you don’t have a checking account and you want to have your paycheck direct deposited on the card.
The best feature of this card is that you cannot go over your spending limit. You can also use it for bill payments, at ATMs and anywhere that accepts Visa debit cards. Those with a Chase checking account can avoid the Chase Liquid card monthly fee.
Using the Chase Liquid card allows you to separate the money you spend on extras, like dining out and impulse purchases, from the money you use to pay bills. For example, if you get paid once a month, you could use automatic bill pay from your checking account for your rent, car loan, utilities and other monthly payments. Then, you could deposit what you have left after your bills are paid on your card. Use your Chase Liquid Prepaid Card for your “extras,” and you won’t risk overspending during the month.
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Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Chase.