Review of the Prepaid FaceCard Credit Card

By Dan Moskel

The Facecard MasterCard is a prepaid debit card. Before you can use it to make purchases, you must first deposit money onto the card.

To load your card you must deposit $10 or more, with a maximum balance of $2500. You can load money through bank transfers and with their ach network at no charge. Other methods are available but at a fee.

Because parents can access all of the information on their childs account, this card often is used by parents to help teach their children about financial responsibility.

There is free activation and no monthly fees. There is a $1.50 ATM fee from Facecard plus the banks ATM fee. There is a maximum of $200 a day that can be withdrawn from the ATM.

There are limits for how many times you can load money: twice per day, four times per week and 10 times per month. We only offer a mild recommendation for this card, because it doesnt provide many benefits other than the ability to monitor your childs spending.

This card can be used internationally. However, because you may only withdraw $200 per day from the ATM, you should not count on it in a financial emergency.

Issued by Meta Bank, the card is a MasterCard and therefore is accepted everywhere you see the MasterCard logo.

One unique benefit of the card is that you will still be approved if you go to a restaurant and are short on money. You will also be approved for an additional 20% so that you may leave a tip.

Facecard is able to avoid monthly charges by sending offers directly to your cell phone. You occasionally will receive text messages detailing discounts at specific retailers during specific times.

In sum the Facecard does have some advantages, however because of their low ATM withdraw maximum of only $200 a day we suggest you have an additional card.

It is common for people to experience financial emergencies; additionally $200 is rarely enough money to cover that emergency. If you have a student away at college $200 is not enough money to pay for their books.

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