Prepaid Debit Card Reviews, Complaints, Etc

Tag: Prepaid

  • Netspend Prepaid Visa Rating (Up to $5000 Sweepstakes Offer)

    The Netspend Prepaid Visa Debit Card (read full  Netspend Card Rating here) is one of the most popular prepaid Visa debit cards on the market. The card is FDIC insured. This is one of the better prepaid debit cards because it comes with excellent features which can be hardly accessed in other prepaid Visa cards.

    Account holders can run their financial errands with the card with no interest or late fees which make the card more convenient. With the card, there are no surprises as well as no credit checks. What’s more, card holders can easily have their paycheck deposited to their accounts directly with direct deposit.

    With the Netspend Prepaid Visa Debit Card, shopping is just a click away and has enabled many to enjoy an incredible shopping experience. It is widely accepted in a number of stores, supermarkets and many other shopping places. Card holders can comfortably purchase groceries, pay bills; make online purchases which save a great deal of time and buy gas among other products.

    One does not have to carry huge amounts of cash to shop anymore. It is also convenient for shopping in the sense that if you run out of cash, the card serves it purpose best since it’s widely accepted in supermarkets. There are many reasons as to why this card is highly efficient and one of the most trusted prepaid debit cards in the industry.

    The Netspend prepaid debit card is issued by highly reputable banking institutions. It is therefore a card that can be used anywhere there its acceptable with confidence. For this reason, it is a smart and excellent way of managing your finances even in the comfort of your home. It doesn’t matter which part of the globe you may be, in order to use a Netspend Prepaid Visa debit card. The card can be used in different ATMs across the globe which provides more convenience to account holders.

    When opening a Netspend account, a person has to provide factual information which will be used for identification and security purposes. This includes the name, ID card number, driving license, date of birth, and address among other vital details. These will be used for security purposes. Card holders are assured of cash safety even in the event of robbery or in case a card is lost. If an incident occurs, it is essential to notify the issuing bank immediately. This way, necessary security measures will be undertaken to secure your funds. The bank will process a new debit card and guard your account against any unauthorized transactions.

    The Netspend prepaid Visa debit card is of high quality and highly valuable. It is designed with the best technologies in order for it to serve its purpose best. Whether it is used on regular basis or not, the card will remain functional for a long time. In addition, a card holder has authority to choose and control the best value pricing plan that suits his or her personal needs more efficiently. The card is free of charge and for more convenience, it is issued online. In this connection, one can order for a Netspend Prepaid Visa Debit Card within 60 seconds.

    For more from this author visit:  Tameka Riley’s Author Page

  • Bomb Threats Over Prepaid Cards

    Bomb Threats Over Prepaid Cards

    The number of ways criminals are attempting to utilize prepaid debit cards increasingly seems to match the rapid proliferation of the cards themselves. As we have written about numerous times at BestPrepaidDebitCards.com, thieves have been especially attracted to the use of prepaid debit cards in a scam that involves turning people’s lights off: from California to North Carolina to Pennsylvania, reports about crooks posing as utility workers and threatening to turn off a victim’s power if they don’t pay a late bill using a prepaid card have prompted press release after press release and numerous news articles over the past few months.

    While nobody wants to see their electricity turned off, another scam involving prepaid debit cards is even more alarming. According to a report in The Morning Call newspaper in Pennsylvania, a number of police departments in the area around Allentown were collaborating to investigate a series of threats aimed at local pharmacies.

    In the article, reporter Manuel Gamiz, Jr. writes that the Upper Macungie Township police responded to a threat phoned in to a CVS on Sept. 18. “An employee had refused to load money onto a caller’s Green Dot debit card, and the caller said he would blow up the store,” reads the story. That same afternoon, police in Allentown also responded to the very same threat at another CVS. According to the article, it was the second time in two weeks that Allentown police had been called out to investigate a bomb threat at a pharmacy.

    In each of these cases, police and emergency crews were dispatched to the pharmacies to determine whether or not any explosives were present. In each instance, nothing was found. This report out of Pennsylvania follows similar bomb threats involving prepaid debit cards made to pharmacies in and around New Orleans, Atlanta and Milwaukee.

  • The Occupy Prepaid Card: The Occupy Money Cooperative is being launched

    The Occupy Prepaid Card: The Occupy Money Cooperative is being launched

    Nearly two years after the Occupy Wall Street movement grabbed the attention of the media, politicians and general public, the rag-tag collection of protesters is back in the news. This time, however, the loose coalition – whose ire was targeted at the financial and political institutions that cement advantages for a few while ignoring the plight of the many – is announcing its entry into the very banking industry it so loathes.

    Indeed, according to a July 23 article in Forbes, the Occupy Money Cooperative is being launched, and its very first product will be a prepaid debit card. Not surprisingly, the ethos behind the Occupy Money Cooperative and its new prepaid debit card is both decidedly democratic, and a new way to highlight what its founders see as the predatory practices of the banking industry. “We launched [the Occupy Money Cooperative] because we felt the way the for-profit banking industry operates in the U.S., it intrinsically exposes the U.S. economy to risk and makes us vulnerable to the consequences but, above all, fails many millions of Americans who don’t have bank accounts and are denied banking services,” founder and director Carne Ross told Forbes contributor Laura Shin.

    The article goes on to point out that the Occupy Money Cooperative will be run in a similar fashion as a credit union, which are owned and controlled by members, albeit the Occupy version will have membership open to anybody who applies. The new entity’s web site explains that it hopes to, among other things, impact the entire financial community by providing an example of how a financial services organization can function in a way that benefits society as a whole. It also commits itself to being low cost, transparent and available to anyone. The first test of that philosophy will come with the release of a prepaid debit card, which the article says will happen once it has raised sufficient money for staff and operating expenses. The so-called Occupy Card will be extremely low cost, charging users just $0.99 per month. But other important details about typical prepaid debit card fees, including for ATM withdrawals and other transactions, were not yet available. “Like any prepaid card, there will be a range of fees. We hope the Occupy Card will be among the best value on the market, and one thing we guarantee are that all costs and fees will be completely transparent and clear to the consumer,” Ross told Forbes.

    Given the legacy prepaid cards have had of victimizing low-income consumers who have no other banking options available, this product alone could stand as one of the Occupy movements most tangible accomplishments.

  • Pros and Cons of Prepaid Debit Cards

    Pros and Cons of Prepaid Debit Cards

    Don’t believe the hype about prepaid cards. But don’t believe the doomsayers, either

    We live in a world of incessant hyperbole. The latest version of the iPhone? Best invention ever. The current members of Congress? The most corrupt and feckless in history. And let’s face it, advertising and promotion is based largely on inflated claims such as these, and that includes the efforts companies use to pump up interest in prepaid debit cards. To hear card issuers describe them, prepaid cards are the most convenient, reliable and safe financial products ever conceived. But that is, of course, hyperbole. The truth involves a great deal more nuance. There are, in fact, some real benefits, especially for people who don’t have or can’t get traditional credit cards. There are also significant red flags with prepaid cards, ones that any consumer should be aware of. So all hyperbole aside, let’s take a look at a few of the good, bad and ugly qualities of prepaid cards.

    The Upside

    • Easy, easy, easy. One of the main reasons people carry around credit and debit cards in their wallets is because it’s so darn easy to use them. Accepted virtually everywhere – at restaurants, shopping malls and even parking meters – plastic is simply more handy than cash. Prepaid debit cards provide that same convenience, including being able to get cash when you have to have it from ATMs all around the world.
    • Under your management. With features like online account management and email alerts when you’re close to exhausting your available funds, prepaid cards give you easy control over how you spend your money. They’re also simple to replenish via direct deposit or by using a credit or debit card.
    • Web ready. Try logging on to Amazon and buying a book or DVD with cash. Uh, it doesn’t work. Online retailing is exclusively the domain of those who have plastic. Thankfully for those who don’t have a credit card, prepaid cards can be your portal to online purchases.
    • Safety first. There’s no need to walk around with large wads of cash when you have a prepaid debit card. Importantly, and unlike cash, losing your card doesn’t mean the money is gone forever, especially if you report the loss immediately.
    • A snap to get. Unlike credit cards, there’s no credit check if you apply for a prepaid card. Just sign up, fund the card and go.

    The Downside

    Just like any other means of payment, prepaid debit cards possess a number of disadvantages. Here are a few.

    • Fees, fees, fees. Although they vary from card to card, fees are inevitable. Whether it’s a monthly account maintenance charge or getting dinged to withdraw money from an ATM or even to add cash to your card, there’s no way around at least some fees. And if you use your card a lot and its fees are onerous, that amount can pile up quick. Which is why being a savvy, conscientious comparison shopper is vital.
    • Not earning credit. One of the main reasons consumers gravitate towards prepaid cards is because they can’t get a credit card. But relying on a prepaid card will do nothing to help you build the sort of credit history you need to eventually get one. Since the money to fund a prepaid card is, by definition, given upfront, there are no repayments and hence nothing to report to the credit bureaus that track that behavior. If you want to build credit, look into a secured credit card.
    • Not yet ubiquitous. Even though prepaid cards are gaining in popularity, they are not yet universally accepted at all stores. It’s always best to check with a merchant before you make a shopping trip.

  • AccountNow Gold Visa Prepaid Debit Card

    AccountNow Gold Visa Prepaid Debit Card

    Nowadays very many people are more warmed up to the idea of prepaid services. One type of prepaid service that has gained wide usage is prepaid debit cards. These cards are replacing the traditional credit cards. If you are looking for a better way to manage your money then you should consider applying for the AccountNow.com Gold Visa Prepaid Debit Card. This prepaid debit card is licensed by Visa USA. This card allows you to load cash online; you can login at www.accountnow.com or through direct deposit.

    This prepaid debit card is associated with numerous benefits. The first and very important benefit offered by AccountNow.com is that you can never use more money than you have. It has been said that you should bite only what you can swallow. Many individuals and families have found themselves in very compromising situations when they accumulate very large amounts of debts through the use of credit cards. The AccountNow prepaid debit card will save you from such kind of situations and embarrassments since you can only spend what you have loaded.

    The card goes ahead and ensures that you can use it anywhere that Visa debit cards are accepted. This is unlike other types of cards that can only be used in specific places. This means even when you travel, may it be from one side of the globe to the other you can make your purchases. Furthermore, you can use the prepaid card just like a debit card in ATMs and withdraw money for a very small fee. This does not mean the security of the card is compromised. Rather the card has very secure fraud liability protection just like the conventional credit cards issued by Visa.

    The AccountNow.com prepaid debit card allows you to make various online transactions including shopping, renting a car and booking airline tickets. You can also pay your bills online. For those receiving benefit or pay checks, they can be directly remitted to your account saving you the hustle of having to cash checks and the fees associated with them. You will also get free direct deposits and can qualify for a $25 direct deposit bonus within 6 months after opening the account if you deposit at least $500 per month through the recurring deposit in two or more consecutive months

    When you want to apply for the AccountNow.com prepaid debit card, you are not required to pay any fee. The subscription process is free and very efficient since it is not long. Once you open your account, you will be charged a $9.95 the first time you deposit your money. However, there is no minimum balance for this account. Each time you make an ATM withdrawal you will be a charged $2.50 fee. Every month you will be charged a $9.95 usage fee but you can be exempted from this fee if you deposit $3000 dollars or more into your account in a month. The account does not charge the annual percentage fees. Just like other prepaid cards, the AccountNow card does not require a credit check thus you can open the account regardless of your credit score.

    The AccountNow Gold Visa Prepaid Debit Card is not the best prepaid debit card on the market and there are cheaper debit cards with lower fees out there.

    For more from this author visit:  Tameka Riley’s Author Page

  • Walmart MoneyCard Prepaid Visa Debit Card

    Walmart MoneyCard Prepaid Visa Debit Card

    The Walmart MoneyCard prepaid Visa debit card is one of the cards that have the most attractive features on the market. Normally what attracts a person to a prepaid debit card is not its physical look but its usable features. The Walmart reloadable prepaid Visa debit card is not lacking in these either.

    The first feature is the ease of acquisition. The card is one of the easiest to acquire. To obtain it you don’t require a bank account and neither do you require any credit check. You can buy it at your local Walmart or Walmartmoneycard.com. Once you get the card you don’t have to stand in a queue for long periods of time waiting for it to get activated like you do with some cards offered by some financial institutions. To activate you only need to place a call to Walmart and they will activate the card for you immediately.

    A prepaid debit card no matter how good its features are, if its not easy to use will end up serving little or no purpose. The Walmart MoneyCard prepaid Visa debit card has been designed to make transactions easier for the card holders. The card is accepted in all Walmart outlets worldwide. This makes your shopping abroad as easy as shopping home. You can even use it to shop online. This is unlike most other prepaid debit cards that only allow you to shop from stores but not online.

    With the Walmart prepaid debit card, you don’t have to worry about acquiring cash whether you on tour abroad or at home. The card allows you to get cash from a large number of compatible ATMs the world over. This means that all you require when traveling is your prepaid visa card.

    The Walmart prepaid Visa debit card does not only cater for travelers, it also caters for those at home. You can use to complete a wide range of transactions while at home without the need for cash. You can use it to pay a wide range of bills. These include the cable bills. The power bills, water bills, cell phone bills and many other utility bills. The cards provide an easy and quick way of paying bills in that there are no long procedures involved. The process has been made deliberately short and without complexities so as to make it simple for the consumer. You can even use it to pay for other domestic expenses like buying groceries, paying for gas, paying bills at restaurants and so on.

    Over time, the Walmart prepaid debit card has become very popular with business people since it allows them for virtually everything they need. One can use the card to make hotel reservations, pay for airline tickets and many other expenses. Unlike cards that encourage careless spending, the Walmart prepaid Visa card enables one check spending. You can do this through by receiving email alerts every time you make a transaction on the card. One can also be receiving SMS balance alerts.

    Safety and convenience are another main advantage of the prepaid card. You are charged no transaction fee and neither do you pay anything if you reload your funds using the direct deposit. There are policies that protect the card holder from unauthorized purchases.

    How much does the Walmart reloadable prepaid Visa debit card charge? Fees?

    You will have to pay $2 dollars for ATM withdrawals, $1 for balance inquiries, $3 dollars for monthly maintenance which can be waived if you load or reload at least $1,000 dollars in a calendar month. And you also have to pay a fee to reload the card with a GreenDot MoneyPak which can average $4.95.

    These are just some of the fees you will have to pay.

    The Walmart MoneyCard prepaid Visa debit card also has several benefits that make it one of the best prepaid debit cards you can use. It has a lower monthly fee than other cards and offers a 1% cash back bonus on gas purchase through the end of 2011.

     

Prepaid Debit Card Reviews, Complaints, Etc