NetSpend Prepaid Visa Debit Card (Pay As You Go Version)

NetSpend Corporation continues to astound the masses with some of most flexible and consistent prepaid debit card products around. The NetSpend Prepaid Debit Visa card is a spectacular financial device brought to you in three varieties – a PAY AS YOU GO card (see review below), a FEE ADVANTAGE card, and the powerful PREMIER FEE ADVANTAGE card (requiring direct depost). The Pay as you Go plan was developed for light shoppers and those that really only use the card occasionally.

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

NetSpend Prepaid Visa Debit Card (Pay As You Go Version)


Safety, Security, Flexibility and the well known and respect Visa label make the Prepaid NetSpend debit card a preferred choice for millions of prepaid customers around the globe. Netspend Visa is recognized by the Better Business Bureau as one of the best prepaid companies to transact with given its high customer service marks. FDIC protection along with the Visa ZERO LIABILITY program assures you that your funds are protected against theft, loss and fraud. The NetSpend Visa prepaid card comes with some other excellent benefits:

  • 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).

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How We Rated the NetSpend Pay As You Go Visa

Card FeaturesNetSpend Pay As You Go Visa Features
FeesNetSpend Pay As You Go Visa Fees
Disclosure ClarityNetSpend Pay As You Go Visa Disclosure
BBB RatingNetSpend Pay As You Go Visa BBB Rating
Load OptionsNetSpend Pay As You Go Visa Reload Options
Overall RatingNetSpend Pay As You Go Visa Rating
Rating Explanation
NetSpend Pay As You Go Visa 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 Visa Fee Examples

Want to know how much the NetSpend Pay As You Go Visa 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 Visastacks 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 Visa 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 Visa*

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 Visa 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.


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 Visa 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 Visa 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" Visa, have fees that can be avoided with careful use.

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