Facecard Prepaid MasterCard

Facecard Prepaid MasterCard Review

The Facecard Prepaid MasterCard is an ideal choice for those looking for a low cost prepaid MasterCard. Facecard offers free direct deposit, instant guaranteed approval, free online bill pay, and prewards. Here is a summary of the Facecard MasterCard’s features:

• Instant Guaranteed Approval* – no credit check, no security deposit
• Free Direct Deposit – easy access to your funds
• Free Online Bill pay – no more mailing costly money orders.
• Free Money Transfers to other Facecard members – no more spending money on wire transfers.
• Ability to use anywhere MasterCard debit cards are accepted, including ATMs.
• Receive Prewards, which are like coupons, put directly on your card.

Facecard Prepaid MasterCard®

The Facecard prepaid MasterCard® is a prepaid card that can be used anywhere MasterCard is accepted. It is an alternative to a credit card, but still gives you ATM access and the ability to get cash back. The card is different from a credit card in that purchases are not made on credit, but instead funds are preloaded onto the card. As a result, there is no credit check to qualify for the card.

The card is different from a debit card in that the card does not withdraw funds directly from a bank account. Because a bank account is not required, there’s no need to worry about ChexSystems or qualifying for a checking account. Cardholders spend up to the amount that is loaded onto the card, which means you can’t go into debt. And the Facecard is reloadable, meaning you can add money to the card any time.

You can apply online and get an instant decision. Because there are no credit requirements, everybody is approved subject to verifying identity. This also means you can have bad credit or no credit and still get approved. Due to federal law you have to be able to provide your social security number for verification.

Reward Program – Prewards

A preward is a digital incentive (like a coupon) automatically added to your Facecard. Merchants in the partner network send digital incentives to your Facecard for you to enjoy at their restaurant, store or place of business. You do not have to do anything to get Prewards except sign up for a Facecard. Facecard will notify you of new Prewards via email. These digital incentives will also be visible on your online account when you log in at www.facecard.com. Each Preward invitation will outline the specific location(s), expiration date and other details of the offer. Once accepted, the Preward will be added to your Facecard for your use. Use your Facecard at the merchant that offered the Preward, and the coupon deposited to your Facecard will be credited toward your purchase. For example, if you have a $2 Preward for your favorite store, and you go there and spend $5, only $3 will be deducted from your Facecard when you purchase from that store.

Loading Money onto a Facecard MasterCard

You can load your card for free by transferring funds from your bank account. If you do this your funds will be available within 4-7 business days. You also have the option to sign up for direct deposit. This is when your paycheck will automatically be electronically deposited onto your card and available for you to use. This will keep you from having to pay to have your check cashed each pay day. Direct deposit is free.

Facecard Fees

Even though this card is a low cost prepaid card, there are still a few fees associated with using it. The table below displays some of those fees, but for a complete list you should review the card’s terms and conditions.