Bank Freedom Prepaid MasterCard®

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.