Google Wallet Card
Things We Like
Things We Dislike
Does everything Google touch turn to gold? Well, the Google Wallet Card is the search engine giant’s foray into the prepaid debit universe. Designed for use with Google Wallet accounts, this free debit card is both similar and different from other prepaid cards on the market. Like so many other prepaid debit cards, the Google Wallet Card allows users to make purchases anywhere MasterCard is accepted. In addition, the card allows for cash withdrawals from ATMs. But there are also significant differences. For instance, this card can be loaded with money either from a Google Wallet account or from bank and credit card accounts. Not surprisingly, there's a fee of 2.9% per transaction (a minimum of $0.30) to load money using a credit or debit card.
The very best thing about the Google Wallet Card is its notable lack of fees. There’s no charge to obtain and activate the card, nor are there annual or monthly account fees. Since Google Wallet is a smartphone app, it is linked to a consumer’s credit card or bank account. This allows for instant notifications delivered straight to a cardholder’s phone whenever a purchase is made.
Another interesting feature of this card is that it allows users to store their loyalty program information all in one place (Google Wallet, that is), leaving your pocketbook free of unnecessary plastic cards.
Note: Google is also rolling out a plan to allow US Gmail users to transfer money using their email address.
Bottom line: There’s a lot to like about the Google Wallet Card. If you already use Google Wallet, the card offers more convenience and flexibility. It is also largely free of fees, which is always a plus. A downside is not all retailers accept Google Wallet for payments, so acceptance is an issue at times.