The MetaBank issues the Account Now Vantage MasterCard. This should not to be confused with an unsecured card, which it is not.
It is designed to be used as a credit card but limits your purchases to the amount of money loaded on it. You can load your card with money several ways; direct deposit, transfer from a checking or savings account, PayPal, or participating merchant. Once you have loaded, you may use it the same way as a credit card. You can make purchases and get cash advances though within the confines of the amount loaded onto the card.
There are two plans; the classic and the premium plan and each plan offers benefits. With either plan benefits include $0 activation fee with direct deposit, guaranteed approval, no overdraft fees, no minimum balance, no credit check, and, free online bill statements.
However, there are some charges you need to be aware of. They include; $4.95 monthly fee for the Classic Plan and $9.95 monthly fee for the Premium Plan; activation fee of $9.95 without direct deposit; $1 fee for U.S. card purchases if you use your PIN (free for Premium Plan); $1 fee if you use an ATM to determine your balance; and, a $2 fee if you use an U.S. ATM to withdraw money. Before you apply for any card, you should always review the terms and conditions and fee schedule.
In addition be careful if you use retail locations to load money as the retailer may charge a fee. Likewise, if you use an international ATM to withdraw money, you will incur a $4.95 fee for the transaction.
Be aware that if you use currency conversion when making a foreign purchase, you will incur a fee of 2.95%. That is a percentage of your purchase, not $2.95. For instance, if you make a purchase in Italy that is the equivalent of $500, you will be assessed a fee of $14.75 for the currency conversion.
The Account Now also offers the iAdvance loan option. This is an open-ended line of credit which MetaBank provides to cardholders.
And free credit builder this is a voluntary program which can be accessed when you sign up for online Bill Pay.
The way this works is you pay your bills through Bill Pay and Credit Builder reports your payments to a national credit reporting agency. The only transactions which will be reported to PRBC are the bills you pay using Bill Pay. No debit transactions will be reported.
In summary, if you are looking for a card which limits your purchases, while providing the benefits of online banking and the reporting of timely bill paying, this card may be for you.
For more about
AccountNow credit card or
Bad Credit Credit Cards visit us. Or for a free credit consultation call 1-800-483-0256.
