Can you get a prepaid credit card at Walmart?
Does Walmart have a prepaid credit card
Walmart MoneyCard Prepaid Mastercard or Visa Card.
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What do you need to get a prepaid card from Walmart
Open an account online or pick up a starter card like this at a Walmart store. Must be 18 or older to purchase a Walmart MoneyCard. Activation requires online access and identity verification (including SSN) to open an account. Mobile or email verification and mobile app are required to access all features.
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How much does it cost to get a Walmart prepaid card
$1 fee
Fees. There is $1 fee to open a Walmart MoneyCard and a $5.94 monthly fee to keep the account open. The monthly fee is waived when you deposit $500 or more into your card each month, excluding person-to-person transfers.
Can you get a prepaid card at a store
You buy a card with money loaded on it. Then you can use the card to spend up to that amount. A prepaid card is also called a prepaid debit card, or a stored-value card. You can buy prepaid cards at many stores and online.
How do Walmart prepaid credit cards work
The Walmart MoneyCard is a reloadable prepaid debit card that you can use to make electronic purchases everywhere MasterCard or Visa debit cards are accepted. If you have an Apple or Android smartphone, you can download the Walmart MoneyCard App to track the activity on your prepaid card.
How do I get a prepaid credit card
Learn more about the fees you will have to pay. You can buy prepaid cards at retail locations (such as grocery stores and drug stores), online, over the phone, or from some banks and credit unions. If you buy the card online, you may be issued a virtual card, or they may send you a physical card in the mail.
How much does it cost to get a prepaid card
Most prepaid cards charge monthly maintenance fees around $10, which is similar to checking account fees that can cost up to $15 a month. But you may also pay a fee to open your prepaid card, typically around $5. You can also expect to incur an ATM fee, reload fee and foreign transaction fee with many prepaid cards.
What are the disadvantages of having a prepaid credit card
There are only a few downsides to using prepaid cards, but they are significant. Prepaid cards come with fees. Cardholders may have a lot of fees, including activation fees, transaction fees, ATM withdrawal fees, reloading fees, monthly fees, or inactivity fees. Check the fine print on the card for fee types.
How much does it cost to buy a prepaid Visa card
Costs Associated with Getting a Visa Card
| Type of Visa card | Fee to acquire the card | Typical fee range |
|---|---|---|
| Prepaid cards | Card purchase fee (if purchased at a retail location) | $0 – $9.95; varies by retailer |
| Gift cards | Card purchase fee (based on the card's value, where applicable) | $0 – $6.95 |
| Debit cards | None | $0 |
Can a prepaid card be used as a credit card
The prepaid card can then be used in place of a credit card for payment, but unlike a credit card, the prepaid card won't build up any debt or incur interest charges. Instead, the prepaid card can only be used for spending the money you already have.
What are the disadvantages of a prepaid card
ConsHidden fees. This is the biggest, most significant downside to prepaid cards and may outweigh all of the pros.No interest. Money stored on prepaid cards does not accrue interest.May not be safer than credit cards.No credit-history boost.
Is it a good idea to have a prepaid credit card
Prepaid cards can be a good way to stay out of debt because you can't spend more than the amount you've already deposited. They're also a useful budgeting tool. Even if you have a checking account, you could put a fixed amount on a prepaid card each month for certain spending categories, such as dining out.
Is it better to use a credit card or a prepaid card
Much like a regular credit card, a secured card helps you build credit by making on-time payments each month. A prepaid card is best for those who simply want a convenient way to pay without cash. Since prepaid cards aren't a form of borrowing, you won't see an impact on your credit score.
Which prepaid Visa card is the best to buy
Here are the best prepaid cards of 2023:
| Rank | Card Name | Expert Rating |
|---|---|---|
| 1 | Walmart MoneyCard® | 4.9 |
| 2 | Brinks Prepaid Mastercard | 4.8 |
| 3 | NetSpend® Visa® Prepaid Card | 4.8 |
| 4 | NetSpend® Visa® Prepaid Card | 4.8 |
What is one thing to be careful of with prepaid cards
If you don't keep track, you could run out of funds
If you're used to swiping a credit card without much thought, there's a chance a prepaid card could leave you high and dry when you go to make a purchase. Just be sure to keep tabs on the amount of money you've loaded — and spent — on your card.
What are the downsides of using a prepaid card
There are only a few downsides to using prepaid cards, but they are significant. Prepaid cards come with fees. Cardholders may have a lot of fees, including activation fees, transaction fees, ATM withdrawal fees, reloading fees, monthly fees, or inactivity fees. Check the fine print on the card for fee types.
Can you be denied a prepaid card
In most cases, you won't be declined for a prepaid card. In general, anyone can buy and use a prepaid card. Some providers require you to register your card when or after you purchase it by asking you to provide certain personal information.