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The Facecard Prepaid MasterCard,issued by MetaBank, is the equivalent of having a prepaid card, gift card and cash all rolled into one. This prepaid, reloadable card is a safe alternative to credit card debt, and can be used anywhere that MasterCard is accepted, including ATMs. With the Facecard Prepaid MasterCard, cardholders enjoy free activation and no annual or monthly fees. Cardholders also receive Prewards, which are like coupons, put directly on the card.
The Facecard Prepaid MasterCard doesn't carry the risk of debt or overdraft fees because you cannot spend beyond what you have on the card. Reloading your card is easy. Simply transfer funds from your bank account, and they will become available within 4-7 business days. You can also have your paychecks automatically deposited to your card through direct deposit. Or put money onto your card from your credit or debit card. However, there is a maximum total balance of $2,500 allowed for this card.
The Facecard offers convenience by allowing you to manage your account online with 24/7 online account access. You can set your notification preferences and receive email and/or text message alerts about account activity.
The Facecard Prepaid MasterCard also offers a Prewards program. You automatically receive Prewards once you sign up for a Facecard. A preward is a digital incentive, or coupon, that is automatically added to your Facecard. Merchants in the partner network send digital incentives to your Facecard that you can enjoy at restaurants, stores, and other businesses. For example, if you have a $2 Preward for your favorite burrito place, and a burrito costs $5, only $3 will be deducted from your Facecard when you purchase a burrito.
While this card offers convenience and no set up fees, there are other fees associated with it. There is an ATM fee of $1.50 per transaction and an international purchase fee of $.50. If you choose to have your monthly statement printed and mailed to you, the cost is $2.95. Other fees include $9.95 for card replacement, a $9.95 shortage fee, a $19.99 chargeback processing fee, and a $4.95 inactive account fee.
Most Attractive Feature(s): Free activation and no monthly fees.
Additional Perks
Earn Prewards, digital incentives (like coupons)that are automatically added to your Facecard. Merchants in the partner network send digital incentives to your Facecard for you to enjoy at their restaurant, store or place of business. You do not have to do anything to get Prewards except sign up for a Facecard. |
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