AccountNow® Prepaid MasterCard®

Card Type: MasterCard
Card Issuer: MetaBank
Card Category: Pre-Paid

Review

The AccountNow® Prepaid MasterCard®, 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). Therefore, those who are looking for a stored value card with flexibility to pay in advance for purchases and do not mind paying upfront fees will find the AccountNow® Prepaid MasterCard® 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 MasterCard is issued by MetaBank pursuant to license by MasterCard International Incorporated. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.

Most attractive features: Free bill pay service for the first seven transactions per month.

Least attractive features: Application fee; monthly maintenance fee; transaction fee.

Additional Perks: Free bill pay service for the first seven transactions per month. No liability for unauthorized transactions. See website for additional benefits.

Rates & Fees

Introductory rate: No Introductory Rate Available

Applied towards: None

Introductory Rate Details: n/app

Apr(Purchases): n/app

Apr(Cash Advances): n/app

Finance Configuration: n/app

Annual Fee: $0

Additional Cardholders: n/app

Grace Period: n/app

Minimum Credit Limit: n/a

Maximum Credit Limit: $10,000

Late Payment Fee: $29

Cash Advance Fee: $2.50 U.S. ATM transaction fee, plus ATM owner fee; $4.95 bank teller cash advance and international ATM transaction fee

Balance Transfer Fee: n/app

Important Notations: 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). **The account set up fee of $9.95 is waived with direct deposit loads. The direct deposit limit plus the cash deposit limit is the maximum deposit. There is no transaction fee for U.S. purchases. $1 fee for ATM balance inquiries. $1 fee for international purchases. No employment verifications. Must be at least 18 and a U.S. citizen or permanent resident. See website for complete terms and conditions of card usage and application disclosure.

Rewards

First Purchase Bonus: n/app

Balance Transfer Bonus: n/app

Annual Bonus: n/app

Other Bonus: n/app

Bonus Details n/app

Reward Type: n/app

Optional Rewards: n/app

Minimum Rebate: n/app

Rebate Details: n/app

Maximum Rebate: n/app

Additional Rebates: n/app

Miles per Dollar spent: n/app

Mile Reward Details: n/app

Additional Miles: n/app

Points per Dollar spent: n/app

Point Details: n/app

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