UniVision MasterCard Prepaid Card Review
The
UniVision MasterCard prepaid card is one of the
most efficient and cost-effective debit products available in the market
today. It offers a vast variety of amazing features and benefits that
are not present in any other product. The card has a very simple and
efficient fee structure. The UniVision card is one of the best debit
products in use today. It is extremely easy to use and makes it safer
than carrying hordes of money around. There is no hassle of a credit
check as the card has a 100% approval rate.
It also has significantly
lower check cashing fees and no money sharing or overdraft fees. The
cardholder also faces no frustration in opening a new account or linking
it to other bank accounts.
UniVision MasterCard Prepaid Card Summary Review
The
UniVision prepaid card has an amazing range of features.
It has very low monthly and activation fees at only $9.95 and $0.00
respectively. All the funds stored on the card are insured by the FDIC.
There is also no credit builder facility on the card, thus the
cardholder can rest assured of a healthy account balance. There is also a
simple and highly secure bill payment procedure. The card, which runs
on the MasterCard network, is issued by Bancorp Bank. This should
reassure the cardholders that their funds are handled by the most
renowned and trustworthy professionals in the debit card industry.
UniVision MasterCard Prepaid Card Features
Due to its wonderful array of features, this great product has
received the top complete rating of five stars. For heavy shoppers, this
card is an ideal product as it comes with no expensive fees, for online
or on-site purchases. This card also has no fees for overdraft or
having a negative balance. Funds can also be easily withdrawn at each
participating ATM without incurring any substantial fees. However,
despite the recognition given to this card, its Better Business Bureau
rating is quite low at only two stars out of a complete five. This is
because this card is still a new product in the market and the Better
Business Bureau has not had a chance to give them a viable ranking yet.
Similarly, as certain use of the card can lead to potentially
substantial fees, its fee feature has also been given a low rating of
four stars out of a complete five stars. Such fees include paper
statement fees, replacement card fee and even bill payment fees. If the
cardholder is not careful, all these can accumulate to a large sum.
Bank Of America VS. UniVision MasterCard Prepaid Card – Fee Comparison
On the other hand, this card remains competitive when compared to
alternatives such as the Bank of America’s “regular checking” feature
and the check-cashing store. For a monthly fee for one transaction per
month, the card charges only $9.95 whereas the Bank of America charges
$12. For cash back of $2000 per month, the card has no fee while the
check cashing store charges $90.80. For two ATM withdrawal transactions
per month, the card charges $3.90 as compared to Bank of America’s $4.
For five bill payment transactions per month, the card charges only $5
while the check-cashing store charges $5.50. All online and in-store
purchases are also completely free of charge.
UniVision MasterCard Prepaid Card – A Simplified Prepaid Card Fee Structure
The
UniVision MasterCard prepaid card has a very
simple and easy fee structure. It has no activation fee, and the monthly
fee is only $9.95. Moreover, there are no overdraft fees. All signature
and PIN transactions are also free. The card limit is $9000. The fee
for bill payments is $1.00. For all ATM transactions, the balance
inquiry service is free, while ATM withdrawal is at $1.95 per
transaction.
UniVision MasterCard Prepaid Card Conclusion
The
UniVision MasterCard prepaid card is a simple card with
no complex features. It only comes in one simple design. Like all other
debit cards, the UniVision MasterCard prepaid card can comes with high
additional charges. If you are not careful, you might accidentally incur
high charges. Nonetheless, this card remains popular due to its
numerous features. Hence, as long as you are careful and keep in mind
some basic tips, this might just be the card for you.
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