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What should I know about prepaid debit cards before I get one for my son?
The major thing you should know is that some prepaid cards have evil, evil fees. There may be fees per purchase, to check your balance, to reload the card, etc.
What are the best prepaid credit cards, without annual fees?
Upside Card has the best prepaid credit cards, without annual fees. YOu can get your Visa prepaid debit card online at www.UPsideCard.com
How does netspend work?
NetSpend is a prepaid debit card that allows you to load funds onto the card and use it for purchases at any merchant that accepts Visa or Mastercard. You can add money to the card through direct deposit, bank transfer, or by purchasing a reload pack. There are fees associated with using the NetSpend card, such as transaction fees and monthly maintenance fees.
What do debit card fees usually total up to?
The cost of your debit card fees usually depends on what financial institution you are using. The standard fee on most prepaid debit cards is usually around 4.95 to about 5.00.
Are there hidden fees when getting a prepaid debit or credit card?
Sometimes yes. There are fees if you don't use it within X months, and generally fees for making purchases or withdrawing money.
Is it more cost effective to buy a prepaid visa or to use a standard debit card?
It's more effective to buy a prepaid visa versus a standard debit card. The reason being is that there are no hidden fees, it's re-loadable, and you do not have to be affiliated with a specific financial institution to have one.
What is a prepaid debit card?
A prepaid debit card is separate from the traditional debit cards provided by banks and also very different from a credit card. You can get a prepaid debit card from several outlets (Netspend.com is a good one I've used) and all the money on the card is put onto it by the card holder before they are able to spend anything. They work very much like debit cards issued by banks, except there are no interest fees, and no overdraft charges. You can use a prepaid debit card for shopping online, renting a car, paying bills, and even renting a hotel. Additioanlly, you can transfer money from standard bank accounts to the card, get money directly deposited to the card, and you can use it through PayPal as well. Check out the link below for more uses of the card, and how to sign up for one.)
What is the penalty for overdrawing prepaid credit debit cards?
You can only spend the amount of money that was added to a prepaid card so there is no penalty for overdrawing it. There is no over the limit fees and there are no interest charges either since you are not borrowing money
Are prepaid MasterCard's different than debit cards, and how do they differ?
Prepaid credit cards are essentially the same as debit cards, just with a credit card company name attached. You only get to spend the amount you have deposited, or you may go over by a set amount but then you start having to pay fees.
Is there a prepaid visa that doesn't have any fees at all?
Yeah, they're called "debit cards".
Where can I find a prepaid credit card without any fees?
You will not be able to find a prepaid credit card with absolutely zero fees, but most large retailers sell prepaid cards with a very low percentage fee.
What are the fees associated with giving a prepaid visa credit card as a gift?
There are no fees for giving prepaid visa credit card as gift. You must take care to instruct the recipient about all terms and conditions for best use of the card.
