AccountNow® Prepaid MasterCard®

From the CompareCards.com Editor Team:

The AccountNow Prepaid MasterCard, like other prepaid credit cards, is designed to give those consumers who have been rejected by traditional credit card companies due to a lack of credit or a bad credit history. The card functions much like a bank debit card connected to a checking account, except that you never have to worry that you might overdraft your account. That’s because once you hit your spending limit – which you establish yourself by depositing cash into your card account – the card will cease to work.

All AccountNow prepaid accounts are FDIC insured, like a checking account, to ensure the safety of your money, and you can use the card at any place in the world that accepts regular Master Cards. You get unlimited bill paying and a credit builder tool free of charge – so there is no need to pay for postage or money orders. Also, you’ll never have to pay to cash your benefits or payroll check when you use our free direct deposit service.

The Bottom-Line
AccountNow Prepaid MasterCard is a typical prepaid credit card with a few extra features for convenience and to help the card user manage their credit and their budget.

The Good
The AccountNow Prepaid MasterCard online bill pay feature is a free convenience, there is no fee to activate the card, and it is possible to earn a $25 credit or reward when using the free direct deposit feature. There is also a so-called credit builder program available for free, which is a financial management tool that can help you figure out how to budget money and improve your credit score.

The Not So Good
As with any prepaid card, you have to first deposit your own cash into the card account before you can use it to charge anything, so the AccountNow Prepaid MasterCard has the same limitations found with any prepaid credit card product.