JH Preferred Visa Card Review and Rating (Jackson Hewitt)
Things We Like
Things We Dislike
Like H&R Block and other tax preparation companies, Jackson Hewitt now has its own prepaid card. The JH Preferred Prepaid Visa Card, like those of its competitors, promotes itself as a quick way to get your tax refund – and it is much faster to get your tax refund loaded onto a prepaid card than it is to wait for a paper check. Additionally, every time you load at least $1000 onto your card in a month the $3 monthly account fee is waived. Strangely, though, direct deposit of a tax refund doesn’t count towards the $1000. The card can be ordered online or picked up at one of the many Jackson Hewitt offices nationwide.
Although the card’s website touts the rewards JH Preferred cardholders can earn, the only real perk seems to be getting $15 added to your account if you set up direct deposit. The card also offers bill pay options and text and email alerts but the list of payees for bill pay is sparse. Worst of all, at $2.50 per withdrawal, getting cash from an ATM is expensive.
Bottom line: Yes, getting a JH Preferred Prepaid Visa Card means you can get your tax refund faster than if you wait for the IRS to mail you a check. But the lack of perks and a $2.50 fee for withdrawing cash from an ATM is a steep price to pay for a quick tax refund.