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Control Prepaid MasterCard

 

 
Overview
 

Average Monthly Fees and Costs:
$13.41

 
Product Details:
  • Use Direct Deposit - get your paycheck or government benefits check up to 2 days faster
  • Get your tax refund faster when you e-file and use direct deposit
  • No overdraft fees & a simple fee plan. No cost to order or activate a card
  • Qualify for a $10 Purchase Cushion and $5/month fee plan after a Direct Deposit of $500 in one calendar month
  • Earn Cash Back Rewards & Refer A Friend bonuses
  • Free Bill Pay and online budget management tools
  • Transfer money to other cardholders online or with your mobile phone
  • Free Smartphone App - check your transactions, balance and find the closest reload location
    •  
      Activation Fee: $0.00
       
      Monthly Fee: $7.95
       
      Card Limit: N/A
       
      PIN Transaction Fee: $0.00
       
      Signature Transaction Fee: $0.00
       
      ATM Withdrawal Fee: $2.50
       
      ATM Balance Inquiry Fee: $0.50
       
      ATM Out of Network Withdrawal Fee: $2.50
       
      ATM Out of Network Balance Inquiry Fee: $0.50
       
      ATM Withdrawal Limit: N/A
       
      Bill Payment Fee: $0.00
       
      Bill Payment Limit: N/A
       
      Bank Teller Cash Fee: $2.5 + 3.5% Transaction Fee
       
      Bill Pay Expedited Service Fee: N/A
       
      Inactivity/Maintenance Fee: N/A
       
      Cash Load Fee (* asterisk indicates third party fees): N/A
       
      Wire Fee: N/A
       
      ACH Debit Fee: $1.00
       
      Card Purchases (SIgnature) Daily Limit: N/A
       
      Card Purchases (PIN) Daily Limit: N/A
       
      Send Money Limit: N/A
       
      Card Reviews: ,
       
Card Features
 
 
 
 
 


 
Initial Fees
 
 
 
 
 


 
Average Monthly Fees
 
 
 
 
 


 
Bill Pay Fees / Features
 
 
 
 
 


 
Loading Fees / Options
 
 
 
 
 


 
Total Score
 
 
 
 
 


User Rating
1 total rating

 

Things We Like


Online budgeting tools and mobile banking can help users manage finances. In addition, the card is FDIC insured. MasterCard branding means wide acceptance. Direct deposit is free, and transferring money to other card accounts is easy.

Things We Dislike


Having to agree to receive an unspecified number of marketing and promotional offers in order to get a card seems potentially troublesome. An ATM fee of $2.50 plus any surcharge from the ATM owner could prove expensive for some users. The monthly maintenance fee of $7.95 is on the high side, particularly given the ATM charges.


0
Posted June 20, 2013 by

 
Full Article
 
 

Control Prepaid MasterCard was introduced as a partnership of BET, NetSpend and MetaBank. Filling out an online form can have a “no obligation” card on its way to you the next day. (You load value on it to use the card.) However, the application includes an agreement to allow marketing and promotional offers to be sent to you. Comments on the Better Business Bureau website suggest that some consumers have found this bothersome. It’s easy to keep up with balances online, but fees can be a bit confusing (reloading may or may not cost money, for example). And if lots of offers in your email box will tempt you to overspend, you might want to think twice, or set up a separate email address for all those offers.

Setup fee: Initial card is free. (Loading money onto the card at a NetSpend Reload location may cost many, and the fee can vary among locations.)

ATM withdrawal fee: $2.50, plus ATM owner fees, if any

ATM balance inquiry: $.50

Monthly maintenance fee: $7.95 (upgrade: $5)

Star rating: 3

Bottom line: This card has some innovative features, but fees can be on the high side, particularly if ATMs are used frequently.


Curtis Arnold

 


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