The Capital One Prepaid MasterCard is a prepaid credit card with some great benefits. It includes features that can help you pay your bills online or over the phone, or help you direct deposit your paycheck onto the card, with free direct deposit. With no over limit fees, and MasterCard zero reliability, you won’t have to worry about a thing. Let’s take a look at this card, and break down all of its features.
Key Features of the Capital One Prepaid MasterCard
The Capital One Prepaid MasterCard offers various benefits, from free direct deposit to MasterCard zero liability. Listed below are the key features of the Capital One Prepaid Card:
- Free direct deposit: This gives you faster access to your well-earned money. With direct deposit you don’t have to deal with the hassle of checks.
- Pay bills online or over the phone: You can use this feature wherever MasterCard cards are accepted, or use Bill Pay where cards are not accepted.
- No overlimit fees: After you’ve added money onto your card, you’ll be able to track your balance with text and e-mail alerts, as well as by phone with automated customer service. Receive automatic text and e-mail alerts such as your daily balance, purchases, and sent bills.
- MasterCard Zero Liability: With MasterCard zero liability, your card and money will be replaced if your card is lost or stolen. It also protects against your card being used without your permission.
Adding Money to Your Card
You can deposit cash onto your card at thousands of participating Western Union Agent locations across the U.S., or you can have your employer deposit your paycheck directly onto your card. There are fees included for depositing cash onto your card, from $5.95, or lower, however the direct deposit feature is free.
Bill Pay Features
With the bill pay features of the Capital One prepaid MasterCard, you can make purchases online, pay your bills online or over the phone, swipe and go at gas stations, rent hotel rooms and cars, and access your cash at participating ATMs worldwide. You can even use the Bill Pay service to make payments where cards aren’t accepted, paying rent for example.
Card Fees
The card setup fee is $4.95, which is refunded when you make your first direct deposit within 60 days of activation. A monthly maintenance fee costs $4.95 per month. ATM withdrawals are $2.00 per withdrawal. The Cash reload fee is set by retailers, which is usually $5.95 or less. Bill Pay is $0.50 for each payment sent to a biller in our directory, $1.00 for any payment sent to a biller not in our directory. Customer service by phone is free for automated customer service, or $2.00 per call involving a live agent (free for first 60 days). Foreign transactions cost 1% of the total transaction amount. Balance refund check request $1.00 Transaction history (by mail) $1.95 per month requested
The fees are the biggest downside to the Capital One prepaid card. There are several prepaid credit cards with no fees, such as the Mango MasterCard or Yap MasterCard.
How To Apply
All your need is your social security number in addition to name, address, telephone number, and e-mail address to apply for a Capital One Prepaid MasterCard. There is also no credit check when you apply. You can visit the Capital One Prepaid Card online application by clicking here.
