The NASCAR Reloadable Prepaid Visa Debit card is a prepaid card issued by GreenDot. Just like all GreenDot Visa cards, this card can be used anywhere Visa is accepted. However, it does give its cardholders certain freedoms that they may not be afforded without it.
Applying for the NASCAR Reloadable Prepaid Visa Debit card is easy. Everything can be carried out online. Once you have the card, you can use it everywhere Visa debit cards are accepted. You can shop online, pay your bills, and even acquire cash at ATMs.
If you use an ATM, there is no charge in addition to the ATM's fee if the ATM machine is in-network. If the machine is not in the network, then there is a small charge applied to the card. The card cannot be used at ATM machines that are outside of the United States, but the card can be used internationally with the foreign transaction fee applied to each transaction.
Nonetheless, cardholders do receive the flexibility that they are looking for in a debit card. You pay as you go, you load it when you need money, and you have complete control over it. It is safer than using cash. For instance, the money is protected if the card is lost or stolen.
It is important to understand the fees. However, the fee schedule is rather easy to understand. First of all, the card is free to obtain online. If you get the card in a retail store, there is a small charge and you do have to load the card there.
Once the card is activated, you will pay a small monthly charge. However, this monthly charge is waived if you make a minimum amount of purchases in a single month or you load a minimum dollar amount on the card.
If you wish to use the card at an ATM machine, then you will not have to pay a fee from GreenDot if you use an in-network ATM. You can look on the card's website to see where in-network ATMs are located, as these locations can change. If you use the card at a non-network ATM, then there will be a small charge in addition to the ATM owner's fee. Regardless of the ATM that is used, the ATM owner will always have their own fee.
Other fees include a very small balance inquiry charge at non-network ATMs, lost or stolen card replacement, the reload fee at a retail location, a charge for a second card, and any optional services that GreenDot makes available to its cardholders.
If you decide you want to use the card internationally, that is not a problem. You can use it on purchases. However, GreenDot no longer allows the card to be used at foreign ATM machines. When used on foreign purchases, the fee is a small percentage of the purchase amount. This is charged per purchase.
A Personalized Account
The card is a Debit Visa that is personalized with your name. It looks and it functions just like a debit card that is connected to a traditional bank account. You can go online and manage your card just like you would your traditional bank account. What you don't have to worry about with this GreenDot prepaid card is dealing with such things as overdraft fees. If the money is not in the account, then it can't be used.
As a part of this personalization is the online account management feature that allows you to manage your account just like you would a bank account. You can check your balance, check transactions, deposit money from a bank account or MoneyPak, and acquire the information that you need. You can also utilize GreenDot's bill pay service.
It can be unsafe to carry cash these days and that is why it is best to keep money in an account that can be accessed by a debit card. If the card is lost or stolen, your money is protected. This protection applies to unauthorized transactions and the card has to be registered to qualify. If you notice that your card is lost or stolen, then it is important to give GreenDot prompt notice. A lost card replacement fee may apply.
As a part of the protections that you are afforded, there are also limits on the card. These limits protect both the card company and you. For instance, there is a minimum card load. Because it can cost money to load your card, it is in your best interest to have to load over a certain amount. There is also a maximum card balance. This ensures that both you and GreenDot are protected from liability if the card was lost or stolen and unauthorized transactions performed. If you have money deposited on the card via direct deposit, then there is a card balance with that as well. It is on average 5 times higher than the cash load limit. This has a lot to do with the security that comes with direct deposit. Both the daily cash load limit and the direct deposit load limit are the same as the maximum load amounts.
If you wish to use your card for ATM transactions, there is a daily ATM withdrawal limit and a teller cash withdrawal limit. Again, this protects you in case of fraudulent use. This protects the card company as well. Lastly, the daily spend limit can limit how much money a thief could spend if they got a hold of your card. It is important to be aware of your limits so that you know how much money you can spend on a daily basis and so you can plan your spending accordingly.
All in all, the NASCAR Reloadable Prepaid Visa debit card is a valuable card that gives cardholders the freedom that they want out of a prepaid card. There are low fees, plenty of affordable deposit options, ATM access, and much more.