Review of the Prepaid MasterCard from AccountNow

The AccountNow Prepaid MasterCard gives you the convenience of a credit card, even if you don’t have the credit to be approved for one. A personalized prepaid card like this is one of the best ways to make smart spending choices through responsible and regular use of the card. For anyone without credit history or with a poor credit score, the AccountNow Prepaid MasterCard is an excellent choice to help with smart spending choices.

Read through this AccountNow Prepaid MasterCard review to decide if this is the best prepaid card for you and then click on the apply button above or click to compare all credit cards!

The Basics Of The AccountNow Prepaid MasterCard

Approval for the AccountNow Prepaid MasterCard is automatic. Because you are using your own money, the issuer is not taking the type of risk normally associated with credit cards. However, the card is similar to a credit card.

You can add cash to your actual prepaid card easily. By opting for direct deposit, no fees are incurred for adding money. You can also choose to add money to your card by visiting a cash network like MoneyGram, Western Union, Green Dot or others found in grocery stores, drugstores, convenience stores and even department stores. Paypal is another option for transferring money to your Prepaid MasterCard.

However, there is a store charge for adding money to your card using this method. Once there is money on the card, you can use it as you would a credit or debit card.

The Benefits Of The AccountNow Prepaid MasterCard

Because the AccountNow Prepaid MasterCard has the MasterCard Brand Mark, it is accepted anywhere Debit MasterCard is. This gives the user major flexibility in how the card can be used. Practically everyone needs the convenience of purchasing with a prepaid card; therefore by getting a prepaid MasterCard, those who are ineligible for other types of credit cards can enjoy the convenience of shopping online, by phone and not having to carry large amounts of cash.

Some of the most important benefits include:

  • 100% Guaranteed Approval* – No Credit Check
  • No Activation Fee**
  • $15 direct deposit bonus
  • Easy Online Bill Payment
  • Earn Purchase Rewards and Refer-a-Friend Cash Bonus
  • No Overdraft fees

* Subject to I.D. Verification

** To qualify for the $15 direct deposit bonus, within 6 months after being approved to receive a card you must deposit at least $500 per month via recurring direct deposit in two or more consecutive months.

You can even pay your bills online using this type of card. By using your AccountNow Prepaid MasterCard to do this, you provide the issuer with the information they need to help you.

If you have a history of less than ideal financial management, the AccountNow Prepaid MasterCard is a great way to take control of your spending without incurring costly overdraft fees. It limits you to working within your own budget.

The Disadvantages of the AccountNow Prepaid MasterCard

Even though the AccountNow Prepaid MasterCard is similar to a traditional credit card, it is in reality not a credit card. Your spending power remains limited to the actual cash you have available. If you do not have access to money to put on the card, you will not be able to use the card. While this offers security for some, the price is high. It has the high fees and terms associated with payday loans, so while it may appear to be a benefit, it is a very costly one.

The fees associated with prepaid cards, including this one are rather high. In fact, just the standard monthly fees total almost $120 annually. However, there are many other fees that you can expect to encounter also. While you can avoid many transaction fees by adding money to the card through direct deposit; there are fees for ATM use, cash advances, paper statements and even for requesting a check for the balance of your money if you are closing your account.

These are just a few of the fees associated with the card. Many other standard fees apply, as well as additional fees for those who add money to their card by cash networks instead of direct deposit.

While there are limits with practically any credit card, the AccountNow Prepaid MasterCard has rather restrictive limits on daily transactions, regardless of the amount of money available. Cash withdrawals are limited to $500 daily for those using direct deposit, $300 daily for those using cash networks to put money on the card. Purchases are limited to $1,500 daily for those requiring a signature and $4,000 daily for those using a PIN. Other limits also apply. These limitations make it difficult if you want to use the AccountNow Prepaid MasterCard for large purchases.

Account Now Overview

The Account Now Prepaid MasterCard and Visa was designed to help people who have poor or no credit. This card can accept direct deposits, so that paychecks can be sent directly to this account.

Money can also be transferred from a PayPal, checking or savings account to reload the card. To increase its flexibility, funds can be received from Visa ReadyLink, MoneyGram, Green Dot, and Western Union and loaded onto the card. The Account Now card is a prepaid card and operates differently than a standard credit card. As it is prepaid, the funds are removed as they are used.

Account Now Benefits

Applications require name, street address, telephone number, email and social security number. New account holders are sent a welcome package with their new card and a full listing of terms and conditions as well as any rewards programs that are applicable. The benefits include no minimum monthly balance must be maintained and cardholders can be 14 and older.

Visa and MasterCard each have options to choose from. Unlike other cards there are no set up fees, no membership fees or annual percentage rates. There are also free, unlimited transactions. This provides the freedom to make as many purchases as needed without worrying about transactions fees being taken in addition to the purchase price.

Downside to Account Now

It is important for individuals to review the terms and conditions before giving out personal information. Account Now is one of the most recent additions to the MetaBank™ family of prepaid cards. Many reviews state that a social security should not be required as there is no unsecured credit involved.

Research should be thorough to confirm that the company is trustworthy and has a solid history with satisfied customers. Before loading the card, talk with customer service to ensure they will provide you with the service you need, when you need it.

Applying for an AccountNow Prepaid Card Online

If you are ready to apply for the AccountNow Prepaid MasterCard or maybe even another type of prepaid or secured credit card, the credit card finder will help you find the best fit for your financial needs. Get started today by putting the credit card “Chaser” tool to work finding you the available credit options for you to compare and contrast.

Enroll for the AccountNow Prepaid MasterCard by clicking the apply button above or click to compare all credit cards now!

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Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!

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