I'm thinking of moving a part of my emergency fund over to a pre-paid visa to get the 5% savings rate, up to the 5k limit.
However, I'm wondering if there are reasons this could be a bad idea. I have great credit - and I'm not certain if using a product primarily designed for those without great credit could cause a problem. But since it's all pre-paid, it doesn't seem like it should affect my credit at all.
It could be useful to have some of the emergency fund a bit more liquid - currently it sits in a 1% yielding Barclays savings account that takes a few days to transfer funds out of.
Folks that have done this - was it a good idea?
Link to the product in question: http://ift.tt/1oBUOTR
Submitted March 17, 2017 at 08:47AM by madmenisgood http://ift.tt/2nz8L50
