Silver Prepaid MasterCard card

Here’s a great idea: offer a credit card that is accepted world-wide for any purchases, but leave off the credit line and base it solely on the money in the account. That is the premise of the MetaBank Vision Silver Prepaid MasterCard. This card is designed for those who are not able to obtain either a secured or unsecured credit card.

There are inherent advantages in this system. Applicants are not taken through a credit check. Approval is guaranteed. The reason that this is so is because cardholders fund their own credit lines with their own money. This also eliminates the possibility of owing creditors money which can be difficult to pay back if there are difficult financial circumstances.

There are fees, however, that each applicant must know about before choosing to obtain one of these cards. First there is an activation fee of $9.95. This is a one-time fee. Then, there is a monthly fee of $3.95 to keep the card active. An aggregate of these two fees will cost the card holder just under $60.00 per year. Also, cardholders are charged a $25.00 fee for a shortage in the account whenever their accounts go into negative balances.

In addition, you will find fees for ATM usage, PIN transactions, and cash advances.

There are some free features, too. Among these are unlimited signature transactions, online account statements, email and text message alerts and automated customer support.

This card is ideal for customers who need to make electronic transactions, but do not want to or cannot get traditional credit cards with lines of credit.

MetaBank was started as Storm Lake Savings and Loan Association in Storm Lake, Iowa in 1954. They are dedicated to helping those who need payment options but are not able to or do not wish to obtain credit in order to do so.

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