Credit Card Review & Application
- $0 Monthly Fee Pay As You Go Plan (See Cardholder Agreement on site)
- No Credit Check or ChexSystems Checks
- No Risk of Overdraft Fees
- No Bounced Checks - Ever!
- Free* Direct Deposit
- Easy Cash Reloading at 50,000 + Retail Locations
- Send Checks with Easy Online Bill Pay
|APR on Purchases:||N/A *|
|Card Issuer:||The Bancorp Inc.|
|Card Category:||Consumer (Stored Value)|
|Card Type:||- Card for Bad Credit|
- Guaranteed Approval
- Prepaid Debit Card
- Tax Refund Card
|Credit Needed:||Bad Credit OK*|
The READYdebit Latte Control Visa Prepaid card is a prepaid credit card that behaves like a debit card attached to a bank account, but without some of the hassles that come with a bank account. For instance, there is no monthly fee. This in itself makes it competitive compared to other prepaid cards because most cards do require that a minimum amount of money be deposited into the account each month or that a minimum number of transactions be performed in order to waive the monthly charge. In this case, there isn't one.
However, there is a per transaction charge that is a small amount. This small amount of money is charged on both Visa and debit transactions. There is also a fee per ATM transaction, but this fee can be avoided by opting to receive cash back at the point of sale on debit transactions or finding an in-network ATM machine. The ATM machine owner's fee will always apply, but the READYdebit will not at in-network ATMs, which can be identified by checking locations online.
The card can also be used anywhere in the world Visa is accepted. If you are traveling abroad, you can use your card. However, there is a fee that is a percentage of each purchase. If the card is used at an international ATM machine, then a minimum ATM fee is charged. All fees are charged after the transaction amount is converted to U.S. currency.
Other than the aforementioned fees, there are no further transaction fees, but there are other fees charged for less common services. For instance, cardholders can have a bank teller perform the cash withdrawal. When this is done, there is a fee. If a card must be delivered by express delivery, then there is a charge per occurrence. When bills are paid by using the account number and routing number, there is a small per transaction charge. This is a charge that can be avoided by using the card number to pay bills or by using the free bill pay service that sends checks on your behalf to pay your bills. If you wish to stop a bill payment, there is a charge per request.
It is also possible to add another cardholder onto the account. To do so, there is a small charge per additional card. However, other individuals can open their own account because money transfers between READYdebit accounts are free. There are, however, limits to how many card-to-card transfers that can be done. There is also a limit to the amount of money that can be transferred per day.
Other limits include a limit on the amount of money that can be withdrawn via an ATM or over-the-counter. There is a limit on the amount of PIN and signature purchases, as well as the number of times cash and direct deposits can be made. Direct deposit is free and cardholders are allowed more direct deposits per day than they are cash deposits.
In addition to free direct deposit to place money in the account, cardholders can visit any of the over 60,000 that offer GreenDot MoneyPak or Visa ReadyLink. Both of these can be used to load money onto the card. There is a cost per load, but it is fast and easy. Cardholders may also transfer money from their bank account to their prepaid card by accessing their prepaid account online and connecting it with their bank account. If a MoneyPak is used to load money, then the MoneyPak details can be entered online and the money will automatically be loaded. That makes for three ways in which money can be deposited into the account.
If there are any issues, 24/7 customer service is available. You can check your balance and other important pieces of information by calling the 1-800 number on the back of the card. However, you can also access this information online at any time. If the card is lost or stolen, you do have two days to report it to customer service in order to eliminate or minimize any liabilities that could result from fraudulent use.
The review prepared by CreditCardsCo™. Opinions expressed therein are solely those of the reviewer.
|Other Benefits:||*See Terms and Conditions of the card for other benefits|
|Online Account Access:||Yes|
|100% Guarantee Approval:||Yes|
|APR on Purchases:||N/A *|
|Late Payment Fee:||N/A*|
|Opening Minimum:||See Terms|
|Application Fee:||See Terms|
|ATM Fee:||See Terms|
|Additional Fees||See website for Details*|
See website for Details* -
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† The information provided for READYdebit® Visa® Latte Control Prepaid Card is believed to be accurate at the time of evaluation (Feb 14, 2017). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.