The Allow Card Prepaid MasterCard was created especially to help parents teach their school age children about financial responsibility. Most cardholders are between the ages of 10 and 19. This innovative program uses interactive tools for the student to use in learning fiscal responsibility.
There are many benefits to using a prepaid card instead of using cash. First, is that it provides peace of mind. If the card is lost or stolen, the cardholder is protected. It is also convenient, as it can be reloaded from the online account or through a scheduled upload. Although there are several different fees attached to this card, they are negligible compared to some of the other options.
Read through this Allow Card of America review to determine if you should submit an online Allow Prepaid MasterCard application and also be sure and use our free credit card comparison tool!
Allow Prepaid MasterCard Parental Benefits
With the Allow Card Prepaid MasterCard, parents have the ability to track how much their child spends and where. This is included in the 35 different controls that account holders can set to manage spending.
There is real-time oversight associated with this card, which means that the account can be set up to email or text message to a specific account whenever the card is used at the time it is being used. Many parents find it difficult to get to the ATM or bank to get the cash for their child’s allowance or last minute needs.
By using this card, money can be loaded onto the account quickly and easily. There are no long-term commitments required to open an account and it can be canceled at any time.
Allow Credit Card Benefits & Discounts
For a low monthly fee, there are packages available that may meet the needs of the user or cardholder, providing them with various discounts. In the Family Entertainment Package, there are discounts up to 50% available at many common dining establishments, from casual dining and fast food chains to popular ice cream parlors.
There are 20,000 dining establishments around the country that accept the card for a discount. For those who enjoy going to the movies, there is a 40% discount available through major movie chains nationwide. There are also theme park tickets and golf course discounts applicable through this package. Theme park discounts will apply to merchandise purchased on site as well as for nearby accommodations.
The fee is $10.95 per month, plus a one-time application fee. If the family takes trips together or if they enjoy participating in family activities, it will be worth the charge. The Family All in One Package is a “best value” at $29.95 per month. It includes discounts on many areas of healthcare from dentistry and vision care to areas such as chiropractic and telephone physician consultations to prescription medications.
The LifeLock program has been developed to protect the identity of its members, nationwide. The Family Plan includes all of a parent’s dependents, up to $1 million dollars. Roadside assistance covers all of the family cards, regardless of whether they have been purchased or leased. The dining and movie inclusions are the same as in the Entertainment Package.
Disadvantages of the Allow Prepaid MasterCard
Although the services and benefits provided by the card are practical and useful, there are more than 20 different fees attached to it, from activation and ATM withdrawal fees to the fees charged to check the balance of the card, monthly maintenance, customer support and fees that are incurred when funds are reloaded.
There are different fees charged for cards that are loaded from a credit card versus a transfer from a checking or savings account.
There are other cards that allow for free deposits to the card, whether by a direct deposit method or via a credit card or bank account. For parents who want to keep an eye on the transactions, without “breaking the bank” in extra fees, it is worth it to take the time to research options before signing up for an account.