AccountNow MasterCard (with Direct Deposit) Review
The Account Now Prepaid MasterCard provides users with the same convenience as a credit card does, even if it does not have the same prerequisites for obtaining a credit card. The AccountNow Prepaid MasterCard is a prepaid debit card that enables the user to make smart and responsible spending decisions. Anyone with no credit history or even one with an extremely poor credit rating or score can apply for the AccountNow Prepaid MasterCard.
AccountNow Prepaid MasterCard Summary Overview
There is no lengthy application process with this prepaid MasterCard, which has a 100% approval rate. The reason is that each potential cardholder has to top up the account with his or her own money first. Since there is no risk for the bank or card provider, the card applicants are not subject to review or rejection, which is the major difference from credit cards. It is very easy to add cash to this card whenever the need arises. If the cardholder chooses a direct deposit, no fees will be imposed on the deposit transaction. Moreover, you also have the option to top up the card at places other than the bank, such as Western Union, MoneyGram and stores which offer such services. For certain stores, they might charge a nominal fee for top-up services.
Benefits Of The AccountNow Prepaid MasterCard
There are many benefits in using an AccountNow Prepaid MasterCard. Firstly, this card is accepted wherever MasterCard service is available, thus giving the cardholder much flexibility. This means that there is no need to keep visiting ATMs or banks just to withdraw cash. However, if an emergency need for cash does arise, these prepaid debit cards can also be used at all ATMs. This card basically gives those who are not eligible for credit cards an opportunity to enjoy similar services with a debit card.
AccountNow Prepaid MasterCard For Online Shopping
One of the main reasons why people want to own at least one credit card is to be able to shop online or over the phone. Some things that can only be bought over the internet and phone, and the only mode of payment possible is a credit card. Nevertheless, since there are so many people who cannot even apply for credit cards, this prepaid debit card is the perfect alternative for them. Unlike regular debit cards, the AccountNow Prepaid MasterCard can also be used for online or over the phone purchases.
AccountNow Prepaid MasterCard Bill Payment Functionality
This card also allows users to pay all types of bills over the Internet. This means saving the cardholders a major hassle of going to the bank to pay the bills. In addition, these debit card transactions are completely free. This card is also great for those who are trying to control their spending or trying to work within their budget. Since it is a prepaid card, you will be using money that you already have and you will be perfectly aware of how much you can or cannot spend. This will help to turn you into a responsible spending in the long run. The other great features of this card are the free money transfers from one card to another, completely free customer service and a program that allows cardholders to build up their credit score.
AccountNow Prepaid MasterCard Small Disadvantages
However, this card also has some disadvantages and it is important that every potential and current AccountNow Prepaid MasterCard holder knows about it. Firstly, the spending power is always limited by the total amount of money that you have in the account. While this can be seen as a benefit, it might also be an inconvenience if you are in sudden need of money. Moreover, if the card is left idle with no money in it, you are actually putting yourself in a bigger financial hole because of all the fees that you will have to pay every month. Therefore, one can either continue using the card in a beneficial manner or dispose of it completely.
AccountNow Prepaid MasterCard Fees & Pricing
Currently, there are no activation or monthly fees for this card if you are able meet the condition of maintaining a minimum balance of $2500 and opting for the direct deposit facility. The limit for this card is $10000. The fees for ATM withdrawal and balance inquiry are $2.50 and $1 respectively. There are also no fees for signature transactions and PIN transactions. One shortcoming is that you will be charged a fee for each ATM transaction. However, this is still not too bad, given the other benefits and savings provided by the card.
AccountNow Prepaid MasterCard Conclusion
This card has received much praise for its excellent customer service. If you want a good card to help manage your finances, getting this one is a good start.
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