Chase launches reloadable card

New reloadable card

Chase is launching a new reloadable card called Chase liquid (view press release).  The card has a flat monthly fee of USD4.95 and can be used anywhere Visa is accepted. Cardholders will be able to receive online and paper statements and account alerts via SMS or email, check balances via SMS and transfer funds to the card from Chase accounts, Chase ATMs or

Consumers are looking for an affordable and predictable way to manage their money,” said Ryan McInerney, CEO of Consumer Banking. “Chase Liquid is a low-cost alternative to traditional checking accounts and its convenience and pricing transparency sets a new standard for prepaid products. [The card] can be used to make everyday purchases, pay bills and more, without any surprise charges.

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