Visa Introduces New Preloaded Debt Card

  • 📰 TheOnion
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

FOSTER CITY, CA—In what the company stated was an effort to better cater to the financial realities of its customers, Visa has reportedly introduced a new preloaded debt card, sources confirmed Tuesday. “Our new debt card is available in outstanding balances from $50 to $150,000 on our platinum offering, allowing customers to begin owing money immediately,” said Visa CEO Al Kelly, adding that over the next few weeks, all current and pre-approved prospective Visa customers would receive a debt card in their name, and if they activate it within 30 days, they could receive an extra $1,000 in debt without any additional fees. “This is the kind of debt that can take years to accumulate, ready and waiting for you on the preloaded card. The debt card offers something for all our customers, whether it’s young people who haven’t had a chance to go into the red yet, or families who could use a little help toward losing their home. At Visa, we really wanted to give our customers a chance to build up strong and lasting debt.” Kelly added that the preloaded debt cards came with free debt monitoring services, in which Visa would track their debt scores, as well as notify customers if they could participate in any fraudulent deals or services.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Careful, they make you give all that money back. Plus some.

Next in the works they have a new pad of paper you can write an amount of money on and use it in exchange for goods and services in case you lose your debit card

Calculated on all the things you bought from Amazon and returned after use.

When the debt you owe, just isn't enough.

ADD / SUBTRACT / DIVIDE / MULTIPLY ... CC NFT WEB3 MRNA

Available In Healthcare, Student Loans, and Divorce Debt

DaveRamsey

i have that. came with one late payment installed. love it

I have one of those already

Rebranding at its finest.

Ok, this is actually amusing. Well done Onion.

💖

'.. families who could use a little help toward losing their home. At Visa, we really wanted to give our customers a chance to build up strong and lasting debt.'

Preloaded with maintenance fees, hidden charges and outrageous intrest rates?

“It’s more efficient by cutting out the middleman”.

In love with this card already.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 724. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

4 things to do with your money now, while interest rates are lowTo take advantage of the low Fed funds rate, now is a good time to consider consolidating credit-card debt and refinancing student loans.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Argentina's Fernandez says debt is a problem that must be resolvedArgentina's debt is a problem that the incoming administration must resolve... With Mexico´s money? Really?
Source: Reuters - 🏆 2. / 97 Read more »