ACE Elite Prepaid Visa Card Reviews

ACE Elite Visa Prepaid Card Review (with Annual Fee)

Among the prepaid debit cards currently in the market, one of the most efficient, as well as the easiest to use, is the ACE Elite Visa Prepaid Card (with Annual Fee). Offered in partnership with NetSpend, this unique card is a highly innovative product which was developed in line with NetSpend’s philosophy of excellence in service and innovation. The Ace Elite Free Advantage Visa has one of the best annual plans with some great features. The prepaid Visa cards are available in two main plans – The Free advantage and the spending level (which determines the amount you have to pay). The former plan offers customers a greater variety of options. The review below is for the Free Advantage annual plan with no direct deposit. (Please also check out our reviews for the Monthly Plans and the Free Advantage DD.)

ACE Elite Visa Prepaid Card (Annual) Overview & Base Fees

The card has many user-friendly features. The customer only has to pay a minimal amount of $3.95 for card activation and $5.83 as a monthly fee. The card, which is operated by Visa, is issued through MetaBank. Moreover, the card, which is insured under FDIC Insurance, has an easy and highly efficient bill payment structure. As this card has no credit builder option, it will help you to maintain a healthy fund balance.

ACE Elite Visa Prepaid Card (Annual) Feature Review

Given that ACE card users have a variety of options, they are more likely to source for and choose the plans that will best satisfy all their needs and provide the best service. The ACE Elite Visa Free Advantage annual plan does not require a direct deposit. The card offers an array of great features which are not usually available in other products. For example, the customer does not have to pay an application fee, nor has to go through a credit check. There are also free ATM withdrawals at many ACE locations. Users also receive Free Anytime Alerts through which they can check their transactions and balance any time via email or text. In addition, users also get a free savings account with APY of 5.00%. They also need not endure long queue to pay chasing fees. The ACE Elite Visa Card is the most secure card available today, given that it is completely supported by Visa’s Zero Liability and FDIC insurance. Users will definitely find this debit card a useful feature in their lives.

ACE Elite Visa Prepaid Card Ratings

The card has also received outstanding ratings for its excellent features. NetSpend, which is the operator for these cards, has been given a fantastic rating by the BBB primarily because of its dedication towards customer service. With its extremely low transaction fees and monthly fees, as well as its disclosure clarity, the ACE card has been given a high rating of four stars. The card does not allow the direct deposit option. Moreover, it is not suitable for users who require many transactions on a daily basis (e.g. paper statements, ATM transactions) as this could end up being very costly. For users who only require little transactions, the PAYG plan is a more suitable option as it has no monthly fees and very low activation dues.

ACE Elite Visa Prepaid Card (Annual) – Additional Benefits

With its wide range of features, the ACE Elite Prepaid Card can also help users achieve considerable savings. For one transaction per month, the cost per month can be as low as $5.83, compared to the $12 fee offered by Bank of America’s regular checking. The fee for transacting about $2000 per month is $0.00, as compared to the Cash Checking Store’s fee of $90.80. For five transactions per month, the cost is $0, as compared to Check Cashing Store’s fee of $5.50. For five online purchase transactions, they are in line with Bank of America’s regular cashing at $0.00. Similarly, for five in-store purchase transactions, they are also the same as Bank of America’s regular cashing at $0.00. (However, for two ATM withdrawals per month, its fee of $5 is higher than that of the Bank of America ($4) and the Cash Checking Store ($0.00)). In addition, there is no penalty charge for one overdraft, as compared to the Bank of America’s charge of $35.

ACE Elite Visa Prepaid Card (Annual) – Usage Fees

The ACE Prepaid Card has a simple fee structure, which does not have a direct deposit feature. The total annual fee of $69.95 includes the monthly fee of $5.83 and the activation fee of $3.95. The card limit is $5000. There are no charges for PIN and signature transactions, as well as bill payments. The fees for ATM balance inquiry and ATM Withdrawal are $0.50 and $2.50 respectively.

ACE Elite Visa Prepaid Card (Annual) Conclusion

With just a little extra care, users can easily avoid the fees associated with these cards. Therefore, it is important to go through the terms and conditions of each card, before deciding whether to use it or not. Read on about what to do when your debit card is misplaced or stolen, how to load funds onto a NetSpend card, how to attain a secondary card on a prepaid debit card, how to load money on a prepaid pay power card and how to create a direct deposit on a NetSpend Prepaid card. You can also contact us if you have any queries on such matters.

Resource

ACE Express Website