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NetSpend® Visa® Prepaid Card Review

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NetSpend® Visa® Prepaid Card Review

One of the limitations to using a prepaid credit card is the fact that most cards have low load limits, making it difficult to get a high enough balance to make a large transaction.

The NetSpend® Visa® Prepaid card is a good solution to help you overcome these problems, because it has a limit of $15,000, which is much higher than most cards that cap the balance at $5,000 or less.

The NetSpend® Visa® Prepaid Card is Easy to Use

Because it is a “Visa” branded card, this prepaid option can be used anywhere Visa cards are accepted, which is at most major retailers.

When you use this prepaid card, you can place funds on the card and then use it similar to a debit or credit card. It’s not a checking or savings account, because it only gives you the option to make purchases against the prepaid balance that has been loaded on the card.

Because it’s not a bank account, you will not accrue interest on the deposited money, and you don’t need to worry about any overdraft fees or other fees associated with a bank account.

Instead of charging overdraft fees, the transaction will simply be declined if there isn’t a large enough balance to pay for the purchase.

Advantages of the NetSpend® Visa® Prepaid Card

The biggest advantage to this type of prepaid credit card is the fact that you can get the card without a credit check.

If you are in a situation where you are unable to get a credit card because of no credit history or a bad credit score, then you can use this prepaid card in place of a regular credit card.

This prepaid card is not a line of credit, so you don’t need to be approved in order to qualify for the card.

It is easy to manage the balance on your card, because you can access your account information online. Any time you need to load funds onto the card again, you can send a payment via direct deposit or by visiting approved locations to add cash directly onto the card.

Direct deposit is free if the money is coming from your government check or paycheck, although some cash loading locations will charge up to $5 for the load fee.

Features of the NetSpend® Visa® Prepaid Card

When you look online for a NetSpend® Visa® Prepaid Card review, you will notice some of these features that make the card unique:

• No credit check is required, and there is nearly a 100% approval rate
• The card can be used anywhere Visa is accepted
• No minimum balances or monthly fees
• Maximum limit of $15,000
• No limits on the number of times you can add funds onto the card
• Free direct deposit
• Pay bills online with Bill Pay, to easily send a check to anyone
• Receive real time account updates via text message

If a regular credit card isn’t the right method of payment for your needs, then you might consider using the NetSpend® Visa® Prepaid Card instead.

This card offers a variety of benefits, and it is easy to see why it is one of the most popular prepaid cards on the market.

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