Credit Card Review & Application
|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
- Reward Card
|Credit Needed:||Bad Credit OK*|
There is finally a card available that doesn't require approval. The mPower Visa Prepaid Card gives its cardholders the security that cash can't. There is no minimum deposit required and you can access your money anywhere you want, worldwide.
Many credit cards require credit checks and lengthy applications. This Visa is different because it's prepaid. You won't have a credit check, there's no long application and you will get approved no matter what. The card will arrive to you within a week or so, so you can have access to your money immediately. You can put in as little or as much money as you want because there are no minimums. The card is powered by your money so it's possible to be able to purchase based on what's on the card.
Cash can only purchase certain items. When your money is on a prepaid card, you've got the Visa logo granting you access into merchants all over the globe. You can purchase in stores, online and over the phone. Plus, you'll get access to your funds at ATMs worldwide.
The funds can be added to your account as often as you want or through direct deposit if your employer offers it. Cash can also be stolen. If your money's on the prepaid card, it's safe because of the Zero Liability Protection. If your card is stolen or lost you aren't responsible for any charges that you didn't make. Cash can't say the same thing.
As an mPower cardholder, you can send money to other cardholders. So whether you have friends that need money or someone wants to send you money, it will be able to be done quickly without fees associated with it.
You can find out what you're spending your money on by viewing everything online. There is also 24/7 access to your account online, so you will be able to see how much money you've got left to spend, the purchasing history and lots more. You can even sign up to get emails and text messages on your card activity.
The card is a way towards planning and budgeting without the extra fees that some credit cards charge. There's no annual fee and no interest rates. You won't have to worry about late fees or other unexpected fees, either. This means that you can spend your money on actual products and services without spending it on fees to a bank.
The card can be applied for online and the acceptance is instant since it's your money. You can build your credit history with a prepaid card and enjoy the powers of Visa along the way.
The review prepared by CreditCardsCo™. Opinions expressed therein are solely those of the reviewer.
|Rewards:||- $25 Bonus cashback|
|Other Benefits:||*See Terms and Conditions for other benefits|
|Online Account Access:||Yes|
|100% Guarantee Approval:||Yes|
|APR on Purchases:||N/A *|
|Late Payment Fee:||N/A*|
|Additional Fees|| |
ATM Balance Inquiry - $0.75
ATM Balance Inquiry Intl. - $0.75
ATM Withdrawal - $0.75
ATM Withdrawal - $2.00
ATM Withdrawal Decline - $0.75
ATM Withdrawal Decline Intl. - $0.75
ATM Withdrawal Intl. - $0.75
ATM Withdrawal Intl. - $3.00
Account Maintenance (Direct Deposit) - NONE
Account Maintenance fee - $6.95
Activation Fee (Direct Deposit) - NONE
Activation Fee - $9.95
Bank Account Registration - $2.50
Bill Payment Electronic - $1.00
Bill Payment Paper Check - $2.50
Card Reissue Fee - $10.00
Card to Bank Transfer - $2.50
Card to Card Transfer - FREE
Customer Service (per Call) - $2.95
Direct Deposit - FREE
Email Alerts - FREE
Expedited Card - $30.00
Issue Check - $15.00
Online Purchases - FREE
Over the Counter Cash Withdrawal - $4.00
POS Balance Inquiry - $0.75
POS Balance Inquiry Intl. - $0.75
POS Cash Advance - $1.00
POS PIN Purchases - $1.00
Paper Statement Fee - $5.00
Quasi Cash Fee - $1.00
Reload Using a Reload Network - FREE
Signature Purchases - FREE
Supplementary Card - $10.00
Text Message Alerts - FREE
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† The information provided for mPower™ Visa® Prepaid Card 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.