Capital One offers a prepaid card that is essentially fee-free, which allows you to enjoy the benefits of a prepaid card without paying exorbitant fees.
If you are looking for a way to use a card for online purchases and bill payments but you can’t get approved for a regular card, then you might consider the features that are offered through the Capital One Prepaid Card.
Advantages of Capital One Prepaid Card
The main advantage to using this card is the fact that there are minimal account fees, which is very beneficial since other prepaid cards often charge monthly fees and transaction fees.
You can take advantage of the free direct deposit to load money onto your card, and then use the card in the same as you would any other debit or credit card.
The only drawback to using a Capital One prepaid card is the fact that you don’t build your credit history with this card. Since you don’t have a line of credit associated with the card, it has no impact on your credit score.
It is hard to live in our modern world without a credit card, which can make things difficult if you can’t get approved for a credit card.
Instead of using a regular credit card, consider this Capital One prepaid card as an alternative to pay your bills and make online purchases. Since the funds on your card are managed separately from your bank account, you are protected if the card is lost or stolen.
Loading Money Onto Your Capital One Prepaid Card
The easiest way to load money onto your prepaid card is by using a direct deposit from your paycheck or other government checks.
When the check is deposited directly onto your prepaid card, you can avoid the check cashing fees that are often accrued when you take your check to a store to be cashed.
Features of the Capital One Prepaid Card
Here are some of the features that you can enjoy with the Capital One prepaid card:
• No credit check to be approved for the card
• Minimal fees
• Free bill payment online
• Free direct deposit
• $7,500 maximum limit on the card
• No activation fee
• Free monthly use as long as you load at least $500 each month
• No loading charges if you use an electronic bank transfer
• First ATM withdrawal each month is free, with a low fee of $1.95 per transaction after that
• $0 fraud liability if the card is lost or stolen
Since this card is not a bank account, you don’t need to worry about paying overdraft fees, bounced check fees, interest accrual, or late payment fees.
You can protect yourself from the rising costs of using a regular debit or credit card.
When you compare this Capital One Prepaid Card review with other online reviews for different prepaid cards, you will see that there are many advantages to choosing Capital One instead of a different card company.
This card is easy to use, doesn’t charge high fees, and it allows you to access your account information on the go.
Capital One Prepaid card phone number: 1-800-219-7931