Read this AccountNow Visa Prepaid Card review to determine if this is the best prepaid card for you. One way that you can accomplish your spending goals is to get an AccountNow Visa Prepaid Card. Prepaid credit cards help you get approved for a card without all the risks that come with standard credit cards.
- $0 Monthly Fee
- 100% Guaranteed Approval* – No Credit Check
- No Minimum Balance
- Free Direct Deposit and Online Bill Payment
- $15 Direct Deposit Bonus**
- Now with Purchase Rewards
- Perfect for Occasional Use
* 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.
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When a Prepaid Card is a Good Option
How does someone get into a situation where a prepaid Visa card is the main option for them? There are two main ways that this happens. The first way is if you have never established credit. For college students or even recent graduates, establishing credit is important. You will not be approved for things like mortgages, car loans, or even rent in some cases, if you don’t have an established credit history.
This leads to the questions, how can you establish credit if you’ve never used credit and how can you be approved for a credit card if you don’t have a credit history? This is where a prepaid visa comes into play. By using this type of card wisely, you can make smart spending choices.
Another situation that leads to a prepaid Visa as your main choice is the reestablishing of credit. Many people find themselves in different situations that result in a negative credit history. Some of these situations may be the loss of a job, filing for bankruptcy, a disability, or poor handling of credit. Any of these situations can lead to the need for a prepaid visa because you are denied for a traditional credit card.
How the AccountNow Visa Prepaid Card Works
The AccountNow prepaid card can be used anywhere Visa debit cards are accepted and can be shown as a prepaid card when filling our application, etc. There is one major difference between this card and a traditional credit card. You have to deposit money into your AccountNow card before you can use it for purchases. If the money is not deposited, the purchase can’t be made.
You can direct deposit your payroll check, your benefit check, money from a PayPal account, and certain other types of income directly onto your Visa prepaid card. Then you can use up to the amount you deposited for purchases, to pay bills online, to shop, and to make smart spending choices.
You can also use your Visa prepaid card to withdraw cash at MoneyGram, Western Union, Visa ReadyLink, Green Dot, and other locations. It is not entirely free to have an AccountNow Visa Prepaid card. There are fees associated with the card. There is a $9.95 monthly maintenance fee, it cost $1.00 to receive your current balance, $2.50 to withdraw money, and $1.00 if your card is declined at an ATM. If you have a reoccurring direct deposit, certain other fees are waived.
There are also several optional services that cost money but may be helpful depending on your situation. Optional services include: withdrawing money from a bank teller with a fee of $4.95, expedited delivery of your card for a fee of $40.00, bill payment stop payment for a fee of $20.00, card replacement for a fee of $10.00, closing your account when money needs to be returned to you for a fee of $15.95, and using an international ATM for a fee of $4.95.
The card also comes with limits. For example, cash withdraws are limited to $500 per day for those with reoccurring direct deposits and $300 per day for those without direct deposit, card purchases are limited to $1,500 per day when a signature is required, $1,000 per day when a PIN is used, direct deposits are limited to $6,000 per day, cash deposits are limited to $950 per day, and the maximum balance you are able to keep is $10,000.
Is an AccountNow Visa Prepaid Card Right for You?
There are many Visa prepaid cards available today. Enrolling through the mail or online is simple, but researching the right card should be done first. The best way to decide if this card is right for you, or if another card would be more suitable, is to compare cards online. Using an online comparison tool allows you to view what different cards have to offer and see how you could best benefit from each card. Click on the orange button above to submit an AccountNow Visa Prepaid Card application or use our free prepaid card finder to compare cards today and find the best credit card for you!