NetSpend MasterCard Prepaid Card (Pay As You Go Version)

Millions of prepaid debit customers prefer NetSpend financial tools given the company’s size, product flexibility and security. The “Pay as You Go” NetSpend Prepaid MasterCard is a superior product for prepaid card holders that tend to only use it occasionally. Besides the Pay As You Go plan, NetSpend also provides the “Fee Advantage” plan, and the “Premier Fee Advantage” plan (direct deposit only) for those customers that have a desire to transact more frequently.

Review of the NetSpend MasterCard Prepaid Card (Pay As You Go Version)

NetSpend MasterCard Prepaid Card (Pay As You Go Version)


The Better Business Bureau rates NetSpend Corporation very high when it comes to satisfying clients. The added security of FDIC account protection along with MasterCard’s Zero Liability program make the NetSpend family of cards beloved by millions nationwide. Ample loading options, worldwide acceptance of MasterCard and a great online account management system are a few of the benefits that you will receive should you choose to go with the NetSpend MasterCard Prepaid Debit Card. Here are a few more you might like to know about:

  • 100% Approval – No credit check needed (ID verification required).
  • Get your paycheck, government benefits and tax refund faster with free direct deposit
  • New – Get rewarded with NetSpend Payback RewardTM options.
  • Real-time account activity alerts to your mobile phone.
  • Funds are FDIC insured up to the current coverage limit (ID verification required).

    Apply Now!



How We Rated the NetSpend Pay As You Go MasterCard

Card FeaturesNetSpend Pay As You Go MasterCard Features
FeesNetSpend Pay As You Go MasterCard Fees
Disclosure ClarityNetSpend Pay As You Go MasterCard Disclosure
BBB RatingNetSpend Pay As You Go MasterCard BBB Rating
Load OptionsNetSpend Pay As You Go MasterCard Reload Options
Overall RatingNetSpend Pay As You Go MasterCard Rating
Rating Explanation
NetSpend Pay As You Go MasterCard 4 GetDebit.com Editor The NetSpend line of prepaid cards continue to receive some of our highest scores for their features and for their load options (you can load these cards in tons of different ways). Also, the company behind the NetSpend cards (NetSpend Corp.) is very highly rated by the Better Business Bureau (which shows that they are serious about dealing with consumer issues). The only reasons why this card is not the absolute highest rated card is because the fees are slightly higher than some other cards. (which is typical for a "Pay as You Go" card). However, if you are a light user of your card (and make few ATM withdrawals and PIN purchases each month), this card is extremely inexpensive. If you have a need for heavier use (and additional features such as a credit line), we recommend the NetSpend Premier Fee Advantage line of cards.
The NetSpend line of prepaid cards continue to receive some of our highest scores for their features and for their load options (you can load these cards in tons of different ways). Also, the company behind the NetSpend cards (NetSpend Corp.) is very highly rated by the Better Business Bureau (which shows that they are serious about dealing with consumer issues). The only reasons why this card is not the absolute highest rated card is because the fees are slightly higher than some other cards. (which is typical for a "Pay as You Go" card). However, if you are a light user of your card (and make few ATM withdrawals and PIN purchases each month), this card is extremely inexpensive. If you have a need for heavier use (and additional features such as a credit line), we recommend the NetSpend Premier Fee Advantage line of cards.

NetSpend Pay As You Go MasterCard Fee Examples

Want to know how much the NetSpend Pay As You Go MasterCard might cost you to use in a typical month? We have crunched the numbers for you! We also show how NetSpend Pay As You Go MasterCardstacks up against some common alternatives so you can see if you would save money using this card. Please remember -- cost should NOT be the only reason why you pick a card -- make sure to consider the card's features (some cards have more features than a typical bank account).

To see different scenarios, change the following variables.
Number of transactions each month NetSpend Pay As You Go MasterCard Bank of America "Regular" Checking Check Cashing Store
Monthly Fee Once per month $ $ $
Cash paycheck (per month) $ $ $ $*
ATM Withdrawals $ $ $
Bill Payments $ $ $
Online Purchases $ $ N/A
In-Store Purchases*** $ $ N/A
Overdrafts:**** $ $
Total $ $ $

Note: * Based on a U.S. Average check cashing rate of 4.54% (per the Brookings Institution),
**Using the Money Order fees from the U.S. Post Office (Some of the lowest available),
*** We assume that 1/2 of your in-store purchases will be made using your PIN,
****A LARGE portion of Americans experience at least 1 overdraft each Month. Also note that the Check Casher CANNOT buy items online, and must use cash for all purchases.

Fees Associated With The NetSpend Pay As You Go MasterCard*

Activation Fee:$9.95 Card Limit:$2500
Monthly Fee:$0.00 ATM Withdrawal:**$2.50
Signature Transactions:***$1.00 ATM Balance Inquiry:$0.50
PIN Transactions:***$2.00 Bill Payments:$0.00

The NetSpend prepaid MasterCard with the "Pay as You Go" plan has a very simple fee structure. You pay for each transaction, including point of sale PIN and signature debit transactions. You also get charged for certain customer service phone calls and IVR calls, so if you need help, use the Internet service portal at NetSpend. With normal use, your primary fees will be the per-transaction fees and ATM fees ($2.5 for withdrawals, in addition to any fees charged by the ATM operators). If you need special assistance (like a stop payment of a bill pay transaction, or a new or replacement card, additional fees will be charged).


Notes:
* Fees verified as of 01/18/2011. Check the Current Terms & Conditions for a list of all the fees.
** Some ATM operators may charge a fee for use of their ATMs in addition to this fee.
*** To use your NetSpend Pay As You Go MasterCard in a "signature" transaction, select "Credit" when checking out at a brick and mortar merchant. Most internet transactions are automatically processed as "signature" transactions.

NetSpend Pay As You Go MasterCard Card Options

The NetSpend line of cards comes in a variety of options, including the "Pay as You Go" plan, the "Fee Advantage" plan, and the "Premier Fee Advantage" plan. NetSpend issues both Visa and MasterCard debit cards in each of these plans.

Here are GetDebit’s “Low Fee Tips” for this Card

Many prepaid cards, including the NetSpend "Pay as You Go" MasterCard, have fees that can be avoided with careful use. Here are a few tips to minimize your monthly fees and costs associated with this card.
  • First reduce the number of ATM withdrawals you make. If you need $200 of cash for the week, take that whole amount in one withdrawal from the ATM (assuming you have enough funds in the account!). Don't withdraw $20 or $40 at a time (the fees add up FAST).
  • Save paper. Don't order paper copies of your account statements. AccountNow (like many prepaid issuers) charge you extra to receive statements by mail. Why not save a tree and save yourself some money?
  • Treat your card like a checkbook. Don't try to take money out when you don't have it (you won't get an overdraft charge, but you could get a "decline" transaction at an ATM).
  • Avoid the need for special fees, like stop payments on bill pay transactions, or special customer service.
  • ALWAYs use direct deposit (it's good for the planet since it reduces paper, it's good for you, and it's good for your bank account).

Tips for Using The NetSpend MasterCard Prepaid Card (Pay As You Go Version)