Credit Card Review & Application
- Surcharge-Free ATM Network at over 18,000 ATMs
- NO Card Issuance Fee - NO Activation Fee
- $0 Monthly with Direct Deposit $350/month or cash load $700/month
- Free Live Customer Service - 24 hours per day 7 days per week
- Free Text and Email Alerts and Online Account Access
- Send Paper Checks and Electronic Bill Pay to Anyone
|APR on Purchases:||N/A *|
|Card Issuer:||Meta Bank|
|Card Category:||Consumer (Stored Value)|
|Card Type:||- Card for Bad Credit|
- Guaranteed Approval
- Prepaid Debit Card
|Credit Needed:||Bad Credit OK*|
Individuals looking to start life on the debit side of things will appreciate the Bank Freedom Prepaid MasterCard. Designed for residents living in the US, the Bank Freedom card works with no line of credit or bank account linkings. It's a traditional prepaid debit card meaning the cardholder gets to spend only what's loaded on the card account.
Many consumers choose prepaid cards for a variety of reasons. Issues such as interest rates and bank charges do not come up with prepaid cards not to mention that applying for a prepaid card doesn't involve a credit check which means individuals just recovering from a bankruptcy or with poor credit have high chances of getting accepted provided they meet other less stringent requirements like proving citizenry or residency.
The Bank Freedom Prepaid Card comes on the MasterCard debit network, a widely popular credit card processor with over 30 million merchants accepting. This prepaid card will be accepted anywhere the MasterCard logo is displayed.
Adding cash to the Bank Freedom card works through direct deposit, and Green Dot Money Pak. Direct deposit is perhaps the most convenient way to add money as you can use the card to receive payment from an employer, Government benefits check, Tax rebates, Medicaid and so on. The Bank Freedom prepaid also lets cardholders pay for gas at petrol stations. A user can also use it to rent a car or book an hotel room. These usage scenarios are usually reserved for credit and debit cards so for cardholders on the Bank Freedom, it's a huge plus.
Another important use of the Bank Freedom Prepaid Card is as a shopping card both online and in store. The card works perfectly as a shopping card with which to pay for items you purchase. An easy bill pay service can have cardholders pay for their service bills online. This ends up in actual money savings and less time spent writing checks. When it's time to get cash, any ATM displaying the MasterCard, Maestro, or Cirrus logos would dispense cash from the card account wherever in the world you are. Access your card account anytime of the day online for account balance and transaction history. Of course email and SMS alerts are available to keep in touch with transactions, your account balance or important messages related to your account.
Bank Freedom charges a fixed monthly maintenance fee on the main card account, however, this fee can be waived with a minimum direct deposit or bank to card transfer exceeding a certain amount is recorded. There are no interest charges on the Bank Freedom card and card issuance is free.
The review prepared by CreditCardsCo™. Opinions expressed therein are solely those of the reviewer.
|Other Benefits:||- Internet related services|
- Free Unlimited Purchase Transactions
- Free Customer Service
- Free Direct Deposit
- Free Card Account Alerts
|Online Account Access:||Yes|
|100% Guarantee Approval:||Yes|
|APR on Purchases:||N/A *|
|Late Payment Fee:||N/A*|
|Additional Fees||- Prepaid Card Monthly Maintenance Fee: FREE with Direct Deposit totaling at least $350 per month OR FREE with Cash Loads totaling at least $700 each month OR $5.95 monthly if above monthly minimum Direct Deposit or Cash Loads are not met.|
- Bill Pay Fee: $4.95 - includes 5 electronic and/or paper check bill payments over a thirty (30) consecutive day period. Additional bill payments after the 5th payment during this 30 day period are only $0.85 each. This is not a monthly recurring fee and is only deducted from your card account if you use the online bill pay service to pay a bill.
ATM Balance Inquiry - $0.50
ATM Cash Withdrawal Out-Of-Network - $2.50
ATM Cash Withdrawal Surcharge-Free - $2.50
ATM Withdrawal Decline - $0.50
Account closure - $14.95
Bill Pay Stop Payment - $25.00
Card to Card Money Share - FREE
Companion Card Issuance - $9.95
Currency Conversion Fee - 3%
Expedited card replacement - $40.00
Int. ATM Balance Inquiry - $1.00
Int. ATM Cash Withdrawal - $3.95
Int. ATM Withdrawal Decline - $1.00
Int. PIN based Transaction - $1.00
Internet Access to Card Account - FREE
Loading Cash - $4.95
Lost or Stolen Card Replacement - $9.95
PIN Debit Transactions - $1.00
Paper Statement Online - $0.00
Paper Statement by request - $2.00
Paperless Account Statements - FREE
Payment to 3rd Party - $1.00
Prepaid Card Issuance - FREE
Signature Purchase Fee - FREE
Special research/documentation fee - $50.00
Toll Free Automated Phone Support - FREE
Toll Free Live Customer Support - FREE
We do not offer online application for this card at the moment.
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† The information provided for Bank Freedom Prepaid MasterCard® is believed to be accurate at the time of evaluation (Mar 23, 2014). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.