Today, most Americans are facing a condition of credit affliction, which leads to prepaid debit cards be more in-demand. Credit cards with high interest rate are being replaced with other debt cards like MasterCard. It is still the same with credit cards, looks like credit cards also however; there are no monthly payments and no interest as well. Usually, the interest rate of a typical credit card is from 3.5%-29.95%.

Let us say, if you purchase something worth $500, you will pay around $650 at the end of the month. This is the reason why prepaid cards are most commonly used nowadays rather than credit cards. Anybody can use this type of card even though you have a bad credit or even people with excellent credit use. The amount of payment will vary on the type of card you use but mostly, fees are quite lesser compared to credit cards.

If you want to have your own prepaid debit card, try the Account Now MasterCard. Most people try this nowadays. No credit check or Chexsystems verification. This will never let you feel upset when applying since application will be usually 100% approved. Most important, its funds are insured up to $250,000 by the FDIC.

In cases as if your card was lost and somebody found it, you do not have to worry if $500 worth is used for purchase of items since all the funds under MasterCard is insured under FDIC. There are no overdraft fees or an upfront fee as well if you choose direct deposit of your check.

You can also automatically deposit your paycheck onto your card every payday. Money Grams, Western Unions and Green Dot can also be used to add money to your card instantly. However, there are certain fees to be applied on these, depending on the method you choose. Fees are involved with any cards actually. It just depends on the plan you choose. In addition, there is usage limits associated with your card. These are the few things you need to know about prepaid cards. You may visit your nearest bank and consult everything about having your own Account now MasterCard.

Now, before you set out and apply for this card, you’re going to have to know a few things about the card. For starters, you’re going to want to make sure that you know that this card is a prepaid based card. Generally, this means that you’re not going to be able to build your credit. You will want to treat this almost like it’s a gift card. It’s great if you want to travel, and not worry about your finances getting stolen.

If you want to build up your credit, you’re going to probably want to look somewhere else, but if you want the convenience of a credit card and you want to be able to manage your credit, you’re going to find that this may be an option. Keep in mind that there are many other cards on the market that you can apply for, so keep your eyes peeled!

Author Bio: Want to know more about the Account Now card? Find out more about it and what other people think.

Category: Finances
Keywords: account now, account now card