NetSpend Prepaid Visa Card Reviews

NetSpend Prepaid Visa Debit Card (Fee Advantage Version) Review

There is a reason why the NetSpend Prepaid Visa Debit Card is considered to the best in the market, in terms of growth rate, marketing activities and processing network. Not many debit cards can compare to what the NetSpend Prepaid Visa Debit Card can offer, especially since it offers such a diverse range of features in all three different versions of the card. Yes, this debit card has three different plans, with each plan targeting different types of consumers. There are hardly any debit cards in the market that are so customized and tailor-made to provide exactly what customers are looking for, but the NetSpend Visa Debit Card is one of them. This article will review the ‘Fee Advantage’ version of the debit card.

NetSpend Prepaid Visa Debit Card Overview

Being one of the leading debit cards in the market is not a simple achievement, especially when there are hundreds of different types of debit cards, each offering specialized features and options in one way or another. Therefore, when customers have so many options, something different has to be done to get their attention. The NetSpend Prepaid Visa Debit Card does exactly that. Looking at the features, it seems as if the all the features that a potential cardholder would prefer are jam-packed into one simple card. In addition, as we move further along in this review, you will realize for yourself that the previous statement is not an exaggeration at all.

NetSpend Prepaid Visa : Fee Advantage Plan

Firstly, we should go ahead and explain the Fee Advantage plan so that all of you have a better understanding what exactly this means. As most of you might be able to tell by looking at the name of this plan, it has something to do with the costs and fees of using the debit card. In reality, this plan is structured around making the fee plan as easy and clear as possible. You will pay a fee for some services, while others will be provided free of charge. We will discuss the actual fee structure later on in the article.

NetSpend Prepaid Visa Has Guaranteed Approval

Moving along, this debit card is like all other prepaid debit cards because it has a 100% approval rate. The service provider will not reject any applicant, as they do with credit cards because they feel people with a poor credit history are high risks. In fact, credit history and risk have nothing to do with this debit card, simply because it works in a completely different way, as compared to credit cards. Prepaid debit cards require the cardholder to deposit their own money into the account first before the card can be activated. If there is no balance on the card, it will not work, but if there is, you can then spend the money in the account. Since the cardholder is using his or her personal money and is not putting the service provider at risk, there is no need to reject anyone from enjoying the benefits of this debit card.

When Using The NetSpend Prepaid Visa, There’s a HUGE Reload Network

The great thing about this debit card is the network that it belongs to. Visa has one of the strongest, if not the strongest, networks in the world. This debit card can be used whenever, wherever and in whatever way the cardholder wants to, as long as Visa cards are accepted there. There are absolutely no restrictions as long as you have a balance, so you are at liberty to enjoy yourself to the fullest. Customer service agents are available around the clock for assistance, whenever a problem with the card arises. Moreover, if you require money transfer in the middle of the night, all you have to do is tell someone you know to send a text message to the appropriate number.

NetSpend Prepaid Visa Minimum Balance & Fees

There is no minimum balance with this debit card, which in turn means there is no overdraft fee too. Most people hate the idea of maintaining a predetermined amount in their card or bank account, which is simply a very smart tactic by banks and service providers. Most banks and service providers know very well that maintaining a balance is extremely difficult and something that a majority of account and cardholders cannot do. Moreover, by applying a penalty on anyone who falls below that level is a complete win-win situation for the bank and service provider. For example, by keeping a balance intact, the bank will have more money to use for its investment purposes, thus increasing their profits. However, if account holders and cardholders cannot maintain the minimum balance, they will have to pay a fee, which once again becomes a profit for the banks and service providers. However, with this debit card, the cardholder does not have to worry about any of this.
The cardholder can also use this card to pay all of their bills easily over the Internet. No more having to make special trips to banks and standing in long lines to pay your utility, mortgage or student loan instalments because this debit card allows you to pay anyone anywhere in the country with just a couple of clicks on your computer. While the card’s fees might be a little high, this is more than compensated by its great features.

The card’s activation and monthly fees are $9.95. Using the ATM to withdraw money costs around $2.50 per transaction and $0.50 every time you use the ATM to check the balance of your account. However, the free signature transactions, direct deposit, and online payment of bills should make up for this. Direct deposit is a very important service to have because it allows you to deposit money into your card whenever the need arises.

Resource

NetSpend Card Website