Facecard prepaid MasterCard® for College Students, Editor Reviewed @ CompareCards.com

Facecard prepaid MasterCard® for College Students

Editor's Rating: 9.0
Consumer Rating: 0.0

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Intro APR:	*
Regular APR:	*
Annual Fee:	N/A*

Intro Period:	*
Balance Transfer:	Yes*

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A safe alternative to credit card debt.
Ability to use anywhere MasterCard debit cards are accepted, including ATMs.
Instant and convenient access to funds and allowances.
Have funds deposited directly onto your card-easier access to your paycheck.
Safe and easy way to have funds when studying and travelling abroad.
Receive Prewards, which are like coupons, put directly on your card.

Category: Student Credit Cards
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EDITORS' RATINGS OVERALL SCORE

9.0

Overall

The Bottom-Line

This prepaid debit card is intended for teenagers and young adults the so-called Millennials and Generation Y'ers. Cardholders are limited to whatever funds have been deposited (e.g., by their parents) and are currently available.

The Good

There are no over-limit fees, since they don’t allow over-limit transactions. There are no activation or membership fees.

The Not So Good

Because it’s not a credit card and no credit is involved, on-time payments do not contribute to the cardholder’s credit history. If a monthly, printed-and-mailed statement is desired, there’s a $2.95 per month fee.

CARD DESCRIPTION

Check this one out if the intended cardholder is a teenager or young adult and/or has no credit history or one that’s not very good. Could also be helpful on foreign trips. Funds of $10 or more can be added at any time, up to twice a day and up to four times per week or 10 times per month. The card can be used wherever MasterCard cards are accepted, including ATMs (where there’s a per-transaction account fee of $1.50 plus whatever fee the ATM provider charges). Since it’s a debit card with no credit check required, application is easy for those too young to have a credit history, but those under 18 require a parent’s permission. Maximum balance at any time: $2,500 (which should be more than enough for young people). Can be used at ATMs to withdraw up to $100 a day, and can’t be used at casinos.

DETAILED EDITORS' RATINGS

9.9