Netspend® Prepaid Card doesn't help you build credit because prepaid cards don't involve extended credit. Therefore, your credit score is unaffected by using a Netspend card since you're only using funds you already have. With a Netspend card, you can only spend what you have, so you'll never have to worry about maxing out your credit limit or making late payments. So, while Netspend doesn't help you build credit, it is still a great way to manage your finances without getting into debt.
If you're looking for a Netspend card, applying online is the best way to get one The application process is free, and you'll likely get a better deal on fees than if you purchase a Netspend card from a retail location. Netspend cards can be used anywhere Visa is accepted, making them a convenient and versatile way to manage your finances.
When choosing a reloadable prepaid debit card, you may wonder if it’s better to go with the pay-as-you-go or monthly plan. Both have fees and benefits, so it’s important to understand the difference before deciding. The pay-as-you-go plan has no monthly fees, whereas the monthly plan charges $9.95. You can reduce your monthly plan to $5 if you receive at least $500 monthly in payroll checks or government benefits. As for purchase transaction fees, the pay-as-you-go plan has a $1.50 fee for PIN and signature transactions, whereas the monthly plan doesn’t charge any.
The Netspend® Prepaid Card is great for keeping track of finances. But, the H&R Block Emerald Prepaid Mastercard® can be an interesting alternative. After all, it also has no associated fees. Check out how to apply for this card in our post below!