GOBankingRates client PrimeWay Federal Credit Union has launched a re-loadable prepaid card to enable PrimeWay members to shop, pay bills and travel via a credit or debit card like device sans the need for a linked checking account.

The card with features comprising free cash back, text alerts for balance or other information, online account status availability and no monthly or late fees with direct deposit, will be replaceable if lost or stolen.

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The re-loadable card will have its fund availability set by the credit union member without exposing an entire checking or savings account balance.

GOBankingRates managing editor Casey Bond said: "Many Americans struggle with credit card debt, but PrimeWay’s Reloadable Prepaid Card offers the convenience of a credit card with the reassurance of specific fund availability."

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