Hip Hop style meets redefined banking with the new Young Money Prepaid Discover Card. Young Money Entertainment, founded by rapper, Lil Wayne has partnered with ACCENT Intermedia, a stored value prepaid card marketing and management company to offer a fresh, new prepaid debit card as an alternative to traditional banking. The Young Money Discover card helps you easily control your finances and requires no credit check. Multiple loading options, shopping convenience and secure transactions are a part of Young Money’s prepaid card program.
Review of the Young Money Prepaid Discover Card
With fantastic features and simple, low fees this could be the card for you. Take a look at some of the great features offered by the Young Money Prepaid Discover Debit Card:
- Several loading methods including Retail Cash Deposits, FREE Direct Deposit, MoneyPak, Online Card Transfer and Tax Refunds
- Only six simple fees – purchase fee, monthly maintenance fee, ATM withdrawal fee, lost/stolen card fee, paper statement fee and reload fee
- Online Bill Pay and card account tools to budget, monitor spending and print monthly statements
- Text and email alerts so you can have access to your balance from anywhere
- Prescription, imaging and lab test savings card, so you can save on medical expenses
- Fraud liability protection
- A percentage of annual proceeds benefits Lil Wayne’s charity, the 1 Family Foundation
How We Rated the Young Money prepaid Discover card
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Rating Explanation
Young Money prepaid Discover card
4
GetDebit.com Editor
Simple and well disclosed fees, great online features and decent load features makes the Young Money Card a good value. The Better Business Bureau gives the highest grade to the program manager, ACCENT Intermedia, although the card issuer, MetaBank has had challenges in the past. Young Money has a simple fee structure, online bill pay, free customer service and good load options. There are lower fees out there, but this card seems to have some great features and a stellar website. You might want to give them a look.
Simple and well disclosed fees, great online features and decent load features makes the Young Money Card a good value. The Better Business Bureau gives the highest grade to the program manager, ACCENT Intermedia, although the card issuer, MetaBank has had challenges in the past. Young Money has a simple fee structure, online bill pay, free customer service and good load options. There are lower fees out there, but this card seems to have some great features and a stellar website. You might want to give them a look. |
Young Money prepaid Discover card Fee Examples
Want to know how much the Young Money prepaid Discover card might cost you to use in a typical month? We have crunched the numbers for you! We also show how Young Money prepaid Discover cardstacks 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.
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 Young Money prepaid Discover card*
| Activation Fee: | $6.95 |
Card Limit: | $10000 |
| Monthly Fee: | $3.95 |
ATM Withdrawal:** | $2.00 |
| Signature Transactions:*** | $0.00 |
ATM Balance Inquiry: | $0.00 |
| PIN Transactions:*** | $0.00 |
Bill Payments: | $0.00 |
Signature or PIN POS purchases are free with the Young Money Card. There is an activation fee called a card purchase fee and a rather high paper statement fee so manage your account online if at all possible. Although the monthly fee is very competitive it cannot be waived by using direct deposit like other cards. There are only six simple fees (we like that) and the fees are disclosed well, but there are some cards available with more competitive fees. Always review the cardholder agreement to make sure fees are in line with your needs.
Notes:
* Fees verified as of 11/11/2011. 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 Young Money prepaid Discover card in a "signature" transaction, select "Credit" when checking out at a brick and mortar merchant. Most internet transactions are automatically processed as "signature" transactions.
Young Money prepaid Discover card Card Options
Currently, there appears to be one card design available. An additional card may be requested for another person.
Here are GetDebit’s “Low Fee Tips” for this Card
By using the Young Money Discover card wisely you can avoid some fees such as Paper Statement fees, Reload Fees (use direct deposit), Lost/Stolen Replacement card fees and ATM Withdrawal fees (ask for cash over at merchants).
Tips for Using The Young Money Prepaid Discover Card
