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4 Stereotypes About Green Dot Prepaid Visa Card That Aren’t Always True | green dot prepaid visa card

The Green Dot prepaid Visa Card is an incredibly popular card because it's available widely at online retailers such as 7-Eleven, CVS/pharmacy, Wal-Mart, Dollar Tree and many more. The card provides an opportunity for consumers to completely waive the annual fee and does not charge for online purchase transactions. The card also features zero interest for the first twelve months, then at a much higher rate of interest. This allows for a great option for people who are trying to get out of debt while still improving their credit score.

When you apply for the green dot prepaid visa card you will be given the chance to load your account with money which is held in an account similar to checking. There is no credit check and no collateral needed. All the account holders have to do is load funds into the account when they make a purchase using the card.

Because there is no annual fee, it's easy for anyone to get started. You can begin with just a few dollars and load funds onto the card and then begin building your credit. Once you have made some purchases with the green dot prepaid visa card, you can add more money onto the card and start paying off bills that are due. You can continue to do this up until the full year has been completed.

While there is no credit check, the following fees may apply: load fees, transaction fees, monthly statement fees, and the addition of an annual fee to the green dot prepaid visa card. There is also an extra monthly fee for the use of the debit card. It is based on the amount of money that is loaded onto the card, not for the purchases that you make. This makes it more like an ordinary prepaid debit card. If you choose to pay off your balance each month by cheque, then you are only responsible for the payment that you have made.

On top of these charges, you will also need to pay an extra fee to use the online features and benefits of your card. One such benefit is the ability to make online purchases. You will need to download the free green dot prepaid visa card mobile app to access the online features and to make purchases. If you don't have an internet connection at home, you will still be able to make purchases. The online transaction is done through the secure connection that is provided by your bank, so you don't have to worry about giving out your credit card information.

In addition to charges for the purchase of items online and for the debit card that you use to make the purchase, you will be charged a monthly fee to use the online facility. The monthly fee that you will be charged will be different from the charges that you would be assessed if you had a regular credit card. For example, if you have an APR of twelve months, then you will be charged twelve dollars every month for the privilege of making online purchases. With a green dot prepaid visa card, you will be charged only one cent for each transaction. This one cent fee is much less than the fees that you would be assessed if you had a regular credit card.

As part of its efforts to attract new customers, the green dot prepaicards offers cash back rewards as a part of its incentives for using their service. There are various cash back offers that you can choose from. Some offer one percent cash back, some two percent and some five percent cash back rewards. Since there are numerous offers, you can choose one that best suits your needs and requirements.

In addition to cash back rewards, the green dot prepaid cards also offer direct deposit. This is similar to direct deposit that you get with some banking institutions. However, you get this service with the prepaid service of Green Dot. You also get an automatic submission of your paycheck to your account.



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