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  Netspend Visa Prepaid Card

Netspend Visa Prepaid Card

in Prepaid Cards from NetSpend

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Netspend Visa Prepaid Card

Claimed

in Prepaid Cards from NetSpend

SuperMoney Net Recommendation Score -46%

SUPERMONEY NET RECOMMENDATION SCORE

-46%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Mostly not recommended

3 users recommend
1 user is unsure
9 users don't recommend
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Highlights
Community Rating Mostly not recommended
Signature Purchase Transaction Fee $1
PIN Purchase Transaction Fee $2
Monthly Fee $0 - $9.95
Card Reload Fee $0 - $3.95
Number of Reviews 13

Netspend Visa Prepaid Card Review

The Netspend Visa Prepaid Card is designed for consumers who want the convenience of paying with plastic but don’t want (or don’t qualify) for a regular credit card. Prepaid cards only allow you to spend money already in your account. So you can avoid interest payments, bounced checks, or overdraft fees.

Netspend Visa Prepaid Card does not require a credit check, so approval is guaranteed. However, it will not help you build credit and some online merchants don't accept prepaid cards.

Netspend Visa Prepaid Card Pros & Cons
The Good The Bad
  • There is no fee for loading your card
  • Doesn't charge a fee for closing your account
  • No activation fee.
  • No minimum balance required.
  • Earn cash back.
  • Charges a monthly maintenance fee of up to $9.95.
  • Charges a $2 PIN purchase transaction fee
  • Charges a $1 signature purchase transaction fee
  • There is an inactivity fee if the card isn't used for 90 days.
  • No option for fully waiving a monthly fee.
Netspend Visa Prepaid Card FAQ

Who issues Netspend Visa Prepaid Card?

Netspend Visa Prepaid Card is issued by NetSpend, which is based in Austin, TX and was founded in 1999.

What fees does Netspend Visa Prepaid Card charge?

Netspend Visa Prepaid Card charges a monthly fee of up to $9.95. There is a signature transaction fee of $1 every time a merchant requires signature-based authentification. Purchases that require entering a pin to validate also come with a $2 fee.

Netspend Visa Prepaid Card Prepaid Card Fees
Description
Close Account Fee N/A
Card Replacement Fee $9.95
ATM Balance Inquiry $0.50
Signature Purchase Transaction Fee $1
PIN Purchase Transaction Fee $2
Activation Fee $0
Card Reload Fee $0 - $3.95

How Much Does Netspend Visa Prepaid Card Cost?

There is no activation fee.

Notice this card charges a monthly maintenance fee of up to $9.95.

There is a reload fee of up to $3.95 fee every time you reload the card.

Does Netspend Visa Prepaid Card charge an activation fee?

Netspend Visa Prepaid Card does not charge an activation fee.

What is the daily ATM withdrawal for Netspend Visa Prepaid Card?

Netspend Visa Prepaid Card has a daily ATM withdrawal limit of $940.

What is daily direct deposit limit for Netspend Visa Prepaid Card?

Netspend Visa Prepaid Card sets a daily direct deposit limit of $15,000.

What is the Card Replacement Fee for Netspend Visa Prepaid Card?

You will need to pay $9.95, if you need a card replacement.

What is the Maximum Balance for Netspend Visa Prepaid Card?

The maximum balance you can have on Netspend Visa Prepaid Card is $15,000. If you are often close to the maximum balance, it may be time to put your money to work and deposit it in an account that yields interest, such as a savings account, a CD, or a money market account.

How to apply for Netspend Visa Prepaid Card

  • Visit the NetSpend website.
  • Fill in the application form. Some prepaid cards require you to provide some personal information, such as your full name, address, date of birth, email, and SSN.
  • Check the information is accurate and submit your application.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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About Netspend Visa Prepaid Card

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View all prepaid cards offered by NetSpend

Message From Our Editor

What we love about NetSpend Prepaid Debit Card

The NetSpend Prepaid debit card gives you a debit card that you can use to make purchases at stores and online, even if you don’t have a checking account. Like most prepaid cards, it charges fees but it gives you flexibility in how you can structure those fees.

You can choose a monthly plan which involves a flat fee of $9.95 that you pay each month. You can also select the pay-as-you-go plan, which has no monthly fee but charges a $2 fee each time you use it.

NetSpend also offers a savings account that pays 5% APY on balances up to $1,000, giving you a chance to build your savings.

What could NetSpend Prepaid Debit Card do better?

Like most prepaid debit cards, the NetSpend Prepaid debit card’s fees are quite high. You can easily find a checking account with lower monthly fees or no monthly fee at all. This makes the card mostly useful if you have trouble opening a bank account for other reasons.

The card also doesn’t come with a network of free ATMs. That means that you’ll have to pay a $2.50 fee every time you want to withdraw cash.

NetSpend Prepaid Debit Card’s backstory

NetSpend is a company that specializes in prepaid debit cards. It was acquired by Total System Services (TSYS), a financial services company in 2013. TSYS was founded in 1959 as a division of Columbus Bank and Trust and today focuses on providing merchant services and financial services to the underbanked.

The Verdict

Like most prepaid debit cards, there’s not much reason to get a NetSpend Prepaid debit card if you can open a checking account. Checking accounts tend to be much cheaper and easier to use. However, the NetSpend Prepaid debit card is a fine choice if you’re unable to open a checking account for whatever reason.

Feature Breakdown

Daily ATM Withdrawal Limit $940
ATM Fee: In-Network $2.50
ATM Fee: Out-of-Network $2.50
Additional Card Fee Amount $9.95
Monthly Fee $0 - $9.95
Credit Score Range 300 - 850
Rewards Type No Rewards
Activation Fee $0
Card Reload Fee $0 - $3.95
Signature Purchase Transaction Fee $1
PIN Purchase Transaction Fee $2

Netspend Visa Prepaid Card Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

-46%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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