subject: Prepaid Credit Cards With No Fees - 8 Very Important Things To Look For [print this page] I don't want to start this article off on a negative vibe, but you probably won't find prepaid credit cards with no fees, all prepaid cards will charge different fees. That's the bad news...The good news is that some companies waive some or all of their fees if you simply sign up for direct deposit for example.
What Fees Should I Look For?
1. Activation Fee - This ranges anywhere from FREE to $29.95 or more. The key here is that if you use direct deposit, some prepaid credit card companies will waive this fee!
2. Monthly Fee - $5 and under would be ideal, but can be as high as $9.95. Again some companies will waive this fee with direct deposit or if you conduct a certain amount of transactions per month.
3. Purchases using your PIN - Usually from FREE to $1.00.
4. Purchases using your signature - Again from FREE to $1.00
5. ATM balance inquiry - $.50 cents to $1.00
6. ATM cash withdrawal - Typically around $2.00.
7. Live Customer Service - Some prepaid credit card companies have a certain amount of FREE calls before charging. Charges here will range from FREE to $3.95 and possibly more.
8. Automated Calls - Fees range anywhere from FREE to $.95 cents or so.
As you can see most of the fees across different card companies are very similar. The biggest differences will be the activation fee, and monthly fee.
Obviously fees become more prominent the more that you use your card, so make sure to do your due diligence while researching prepaid credit cards with no fees!
Now that you know what fees to look for, start taking advantage of the true benefits of prepaid credit cards like 100% guaranteed approval, and the ability to rebuild your credit and save money!
Now that you know what fees to look for when applying for your new card, take the next step and check out these prepaid credit card offers to ensure you get the best possible deal!
Prepaid Credit Cards With No Fees - 8 Very Important Things To Look For
