Netspend Prepaid Card Fees - Currencies Available - Mobile App
Netspend Prepaid Visa Card.
NetSpend Pay as you go worldwide prepaid card is MasterCard branded where the NetSpend Prepaid MasterCard No Credit checks, no bank account.
The NetSpend prepaid credit card is becoming increasingly popular, as customers turn away from the traditional. Unsecured credit card and look for other financial options. In this article, we review this card and look at its advantages and disadvantages.
The first point to note is that The NetSpend card is not actually a credit card. Customers are not being offered a line of credit. But as the card has virtually identical uses and appearances to a credit card, it is often called so, both by customers and in the media. We will also use the term for the purposes of this article. But important aware of the difference.
How does Netspend Card Work?
Next, we will look at how the card works. As it, not a credit card, there no credit limit. A new customer required to top up their account with their own money before they start using it. In the same way, once the funds exhausted. The customer has to reload before using again. At no time they go into a minus figure and get into debt.
There are several different ways in which an account holder can add funds to their NetSpend prepaid credit card. A common method is to have their paycheck transferred directly into their account on payday, through Direct Deposit. They can also add money at a designated NetSpend Reload Center, or purchase a reload pack from a retailer.
Netspend Prepaid Card
Once the funds in place, the card used in the same way as a regular credit card. As it carries either the Visa or MasterCard logo. Used to pay for products and services at anywhere that accepts these methods of payment. Literally millions of outlets worldwide. Also used to withdraw cash from ATM's, subject to cleared funds available.
Important to consider that not all of these services free of charge. The card costs $7.95 as a one-time fee to purchase. There varying re-load fees, and also charges for services such as ATM withdrawals.
There many advantages of the NetSpend prepaid credit card as well though. As it is not actually a credit card there are no credit checks to go through. And a 100% guaranteed approval rate. Subject to ID status. Spending your own money means there are no overdraft fees. Interest charges or monthly payments. And the card is much easier to use than a bulky chequebook and safer than carrying around large wads of cash.
Although there are many companies that now provide prepaid credit cards, the offering from NetSpend is one of the best available. NetSpend a reputable company who well-established in this field, and their fees and charges put firmly amongst the frontrunners.