 Most
Selected Credit
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| Business Credit Card | |
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AMEX Platinum Business Credit Card |
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| Annual Fee: $0 | |
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| Rewards Credit Card | |
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Citi Diamond Preferred Rewards Card |
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| Annual Fee: $0 | |
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| Secured Credit Card | |
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Orchard Bank MasterCard® Classic |
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| Annual Fee: $39** | |
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| AccountNow® Prepaid Visa® Issued by MetaBank |
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| Review | |||||||
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The AccountNow® Prepaid Visa®, issued by MetaBank, is a stored value card designed for those who may have difficulty in obtaining a standard unsecured credit card. Although the card does not require a banking account to be opened, it does require payments in advance, which are then used to offset future purchases made with the card. Advance payments can be funded directly from the cardholder's paycheck and automatically loaded to the card every pay period. The card can also be loaded by wiring money from an established bank account or through MoneyGram® ExpressPayment®. It is important to note that there are some fees associated with this card that include an account set up fee of $9.95 (waived with direct deposit loads) and a monthly participation fee of $9.95, which amounts to $119.40 annually. There is no additional charge for U.S. purchases. So, in the first year alone, a cardholder can expect to pay a minimum total of $129.35 in fees. It is common for stored value cards to lack benefits; however, this card does offer a free bill pay service (for the first seven transactions each month) and access to a free credit builder service, which reports bill payment information to a national credit reporting agency. Therefore, those who are looking for a stored value card with flexibility to pay in advance for purchases, do not mind paying upfront fees, and would like the opportunity to participate in the credit builder service will find the AccountNow® Prepaid Visa® to be a beneficial option. This card offers cardholders their choice of two unique plans, which differ in terms of the fees and the services that are offered, so cardholders should review the terms and conditions before applying to see which plan will fit their needs the most (the current card review reflects the premium plan). *AccountNow Prepaid Visa is issued by MetaBank. Funds are insured up to $100,000 by the Federal Deposit Insurance Corporation (FDIC). If you sign up for Credit Builder, your bill pay transactions will be reported to PRBC®. |
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Updated:
2009-04-01 00:00:00 |
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Note:
The review on this card was updated on April 01, 2009. The review is believed to be accurate during the
update, however, information posted may have changed since the
update. We strongly suggest that you carefully read the Terms
and Conditions statement that accompanies the credit card application. |
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| Specifics | |||||||
| Not sure what something means? Simply click on the category name for a pop-up definition! | |||||||
| Card Category: Pre-Paid | |||||||
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Perks / Notations |
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Additional Information |
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See
other cards issued by MetaBank
Category: AccountNow® Prepaid Visa® by MetaBank |