NetSpend Visa Prepaid Debit Card
The NetSpend Visa Prepaid Debit Card is an option worth considering for those who have experienced credit problems or banking problems that have resulted in them not being approved for either a checking account or a credit card. This prepaid Visa card is easy to use, very basic to understand and the best news of all is that everyone is approved for it!
The NetSpend Visa Prepaid Debit Card can be used to buy merchandise from retail stores. It can also be used to shop online. When bill time rolls around it can come in handy as the Netspend Visa can be used to pay all different types of bills.
Features of the Card
You want a prepaid debit card that has as much to offer you as possible. This card delivers consumers what they are looking for in terms of features. They are:
• No credit check (100 percent approval rate for everyone)
• Free direct deposit makes it possible to get paid up to two days faster
• Pay bills such as rent or utilities through the Internet or by telephone
• Track your spending easily thanks to online budgeting tools and alerts sent to your cell phone
Please note that the NetSpend Visa Prepaid Debit Card is a credit card and not a debit card. It is important to make this distinction. The money that is loaded and reloaded on this card is money you put onto the card as opposed to being credit that you borrow from a credit card company. This means that your problematic credit history will not be an issue at all.
Additional NetSpend Visa Prepaid Debit Card Information
There are some things that you need to know about the NetSpend Visa Prepaid Debit Card before you can decide if it is right for your needs. Let us look at that now.
When you use the NetSpend Visa Prepaid Debit Card you will keep your spending at a manageable level and regular use of this card will help you to stay on your budget. The fact that you load your own money onto it makes all of the difference in the world.
On the dismal side, there are no rewards to be had with this prepaid debit card and balance transfers to any other cards do not apply.
Unlike a credit card there is no annual percentage rate (APR) associated with this card. However there is a fee to purchase the card in the first place. The fee is “up to $9.95.” Once you purchase the debit card there is a fee structure to become familiar with. The fees you must pay are dependent upon the plan that you select.
There are three options for fee plans:
1. The Pay-As-You-Go Plan has no monthly maintenance fee but there is either a $1.00 signature purchase fee or a $2.00 PIN purchase charge for every transaction you complete.
2. The FeeAdvantage Plan is a monthly plan whereby you pay $9.95 on a monthly basis but are not charged a fee for every purchase you make.
3. The second FeeAdvantage Plan is on an annual basis and charges you $69.95 as a yearly fee. If you choose this option then you can load your debit card for free by way of direct deposit. However the originating bank may charge you extra fees as well. There are other fees connected to this plan as well. There is a transaction fee of $2.50 charged for ATM withdrawals made in the United States. For international ATM withdrawals the fee is $4.95. Make sure you read all conditions and terms before you decide to sign up for this plan.
The NetSpend Visa Prepaid Debit Card is an excellent choice for those who want plastic to shop online and off as well as to pay their bills. It is ideal for those without a traditional checking account or a credit card of any kind.
- 100% approval – No credit check required
- Short-term iAdvance Line of Credit – Now available!
- No overdraft fees or minimum balances
- Online Bill Pay – Easily send a check to anyone
- 5% APY Savings Account – Exclusive
- Free Direct Deposit from your paycheck or government check
- Add up to $10K to your account in over 65,000 locations
- As seen on TV and in stores nationwide
