Credit Card Review & Application
|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*|
Prepaid debit cards satisfy tons of consumers looking to gain the benefits they provide as well as detach themselves from the interest rates or annual fee payments associated with most credit cards. The Exact Prepaid MasterCard issued by Metabank is one of such prepaid debit cards that looks to meet the needs of the common man. It is a prepaid card that is easy to use and little financial implications.
As can be expected, the Exact MasterCard is available to everyone who meets the minimum age requirement and possesses a valid social security number. There are no credit checks or minimum credit score requirements for this card. Once an application is accepted, the card gets shipped within a few business days with a small one-time activation fee being deducted from the card account on its first load.
One of the biggest benefits of owning the Exact card lays in the really broad acceptance of the MasterCard network. With millions of accepting merchants around the world - transacting is so much easier be it online or when you travel abroad. You can be sure of more than a few merchants to transact with anywhere in the world.
The mobile and email alerts feature helps customers identify fraudulent transactions more quickly. This somewhat eliminates the need to log into the online account management interface to monitor card expenses every now and then it all comes right to you.
Another benefit of the Exact card is the free direct deposit offer. This feature lets customers receive their payroll checks, government stipends, or dividends directly into the card for free. Direct deposits are said to be completed within the same day they are posted Otherwise, adding funds to the Exact card is open to a variety of other options as Western Union, Bank Wire Transfer, MoneyGram, PayzoneTM, and In-Person PaymentsTM are accepted ways to add cash to your account.
Loading agents close to you can be discovered using a loading locator widget on the card website. The loading limit on the Exact Card is similar to what is being offered on many other prepaid MasterCard's.
One thing to keep in mind is that this is not a credit card. And as such there are no line of credit or balance transfer features attached. Individuals who want to cut back on expenses will appreciate a prepaid card over conventional debit cards and even credit cards as a prepaid card works just like your wallet. Payments stop when cash in the account is exhausted. More so, it charges no interest or late fees.
Live customer agents are available during work hours Monday to Friday.
The review prepared by CreditCardsCo™. Opinions expressed therein are solely those of the reviewer.
|Other Benefits:||- Online related services|
- Widely accepted
- FREE direct deposit
- Live customer service agents
- Convenience and control of MasterCard
- Manage money easily
- Convenient loading locations (including PayXone, MoneyGram and Western Union)
|Online Account Access:||Yes|
|100% Guarantee Approval:||Yes|
|APR on Purchases:||N/A *|
|Max Credit Line:||$5,000|
|Late Payment Fee:||N/A*|
|Additional Fees||Cross-currency conversion fee of 3% of the transaction amount, above the specified fee, will be charged on international transactions.|
ATM Balance Inquiry - $1.00
ATM Balance Inquiry Intl. - $1.00
ATM Decline International - $1.00
ATM Decline US - $1.00
ATM Domestic Fee - $2.00
ATM Intl. Fee* - $4.00
Activation Fee - $9.95
Automated Voice Response - $0.50
Bal. Inquiry Decline - $1.00
Billpay Fee - $1.00
Call Center Customer Service - $3.95
Cancellation Fee - $9.95
Cash Advance Fee Intl. - $4.00
Cash Advance Fee US - $4.00
Check Cancellation Fee - $1.00
Dormancy Fee - $9.95
Express Mail Fee - $19.95
Manual Check Fee - $1.00
Monthly Fee - $4.95
PIN Foreign Transaction Fee - $0.25
PIN Transaction Fee - $0.25
POS Decline International - $0.50
POS Decline US - $0.50
Paper Statement Copy Fee - $2.00
Send Cash Fee - $1.00
Signature Intl. Transaction Fee - $0.25
Signature Transaction Fee - $0.25
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† The information provided for EXACT 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.