Review of the Prepaid FaceCard Credit Card
The Facecard MasterCard is a prepaid debit card. Before you can use it to make purchases, you must first deposit money onto the card.
You have several options for loading money onto the card at no charge, including through bank transfers and with the ach network. There are other methods available, but those are at a fee. You may load between $10 & $2,500 onto your card.
This card is frequently used by parents to help teach financial responsibility to a child. Parents can access all of their childs account information.
There is free activation and no monthly fees. There is a $1.50 ATM fee from Facecard plus the banks ATM fee. There is a maximum of $200 a day that can be withdrawn from the ATM.
There are limits for how many times you can load money: twice per day, four times per week and 10 times per month. We only offer a mild recommendation for this card, because it doesnt provide many benefits other than the ability to monitor your childs spending.
This card may be used outside of the United States, but because of the $200 daily limit, it should not be counted on in a financial emergency.
This is a MasterCard that issued by Meta Bank, so you may use it wherever MasterCard is accepted.
They do have one unique benefit if you go out to a restaurant and are short on money you card will still be approved. It will also approve you for an additional 20% so you can leave a tip.
The way the Facecard is able to offer no monthly charges is, because they will market offers to your cell phone. What this means is that you will get text message from them telling you that you can save 10% at a specific retailer during a specific time.
In sum the Facecard does have some advantages, however because of their low ATM withdraw maximum of only $200 a day we suggest you have an additional card.
It is common for people to experience financial emergencies; additionally $200 is rarely enough money to cover that emergency. If you have a student away at college $200 is not enough money to pay for their books.
You have several options for loading money onto the card at no charge, including through bank transfers and with the ach network. There are other methods available, but those are at a fee. You may load between $10 & $2,500 onto your card.
This card is frequently used by parents to help teach financial responsibility to a child. Parents can access all of their childs account information.
There is free activation and no monthly fees. There is a $1.50 ATM fee from Facecard plus the banks ATM fee. There is a maximum of $200 a day that can be withdrawn from the ATM.
There are limits for how many times you can load money: twice per day, four times per week and 10 times per month. We only offer a mild recommendation for this card, because it doesnt provide many benefits other than the ability to monitor your childs spending.
This card may be used outside of the United States, but because of the $200 daily limit, it should not be counted on in a financial emergency.
This is a MasterCard that issued by Meta Bank, so you may use it wherever MasterCard is accepted.
They do have one unique benefit if you go out to a restaurant and are short on money you card will still be approved. It will also approve you for an additional 20% so you can leave a tip.
The way the Facecard is able to offer no monthly charges is, because they will market offers to your cell phone. What this means is that you will get text message from them telling you that you can save 10% at a specific retailer during a specific time.
In sum the Facecard does have some advantages, however because of their low ATM withdraw maximum of only $200 a day we suggest you have an additional card.
It is common for people to experience financial emergencies; additionally $200 is rarely enough money to cover that emergency. If you have a student away at college $200 is not enough money to pay for their books.
About the Author:
Instead we suggest the prepaid AccountNow Visa. You can visit us for a review and for a review of the prepaid Netspend Credit Card or for a free credit consultation call 1-800-253-3735.
posted by Debt Consolidation Loan at
7:55 AM
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