Account Now Vantage Debit MasterCard

Free Direct Deposit Keep Track of Monthly Spending Free Pay Anyone Bill Pay Make Purchases Online and Offline No Need to Carry Cash No More Check Cashing Fees

Account Now Vantage Debit MasterCard Review

The Account Now Vantage Debit MasterCard, issued by MetaBank, is a stored value card designed for those who may have difficulty in obtaining a standard unsecured credit card.

Although the card does not require a banking account to be opened, it does require payments in advance, which are then used to offset future purchases made with the card.

Advance payments can be funded directly from the cardholder's paycheck and automatically loaded to the card every pay period. The card can also be loaded by wiring money from an established bank account or through MoneyGram ExpressPayment.

It is important to note that there are some fees associated with this card that include a processing fee of $19.95 and a monthly participation fee of $4.95, which amounts to $59.40 annually. It should also be noted that there is a $0.50 transaction fee that is charged for each purchase made with the card. So, in the first year alone, a cardholder can expect to pay a minimum total of $79.35 in fees.

It is common for stored value cards to lack benefits; however, this card does offer a free bill pay service (for the first seven transactions each month) and access to a free credit builder service, which reports bill payment information to a national credit reporting agency.

Therefore, those who are looking for a stored value card with flexibility to pay in advance for purchases, do not mind paying upfront fees, and would like the opportunity to participate in the credit builder service will find the Account Now Vantage Debit MasterCard to be a beneficial option.

This card offers cardholders their choice of three unique plans, which differ in terms of the fees and the services that are offered, so cardholders should review the terms and conditions before applying to see which plan will fit their needs the most (the current card review reflects the plus plan).