Capital One MasterCard Prepaid Card
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- Prepaid Card

- Network: MasterCard
- Online Response:
Yes
| Activation Fee |
Monthly Fee |
| w / a Signature (most common) |
w / a Pin |
at an ATM |
| Live |
Automated |
| Cancellation Fee |
Inactivity Fee |
- Free to purchase and activate.
- No monthly fee with at least $500 load/transaction cycle.
- Worldwide Acceptance.
- Funds safe from loss or theft.
Reload Networks:
- Direct Deposit
- Western Union
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The card information shown on this page was last updated: January 4th, 2013 at 7:33 EST
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THIS IS A GREAT CARD, BUT THERE ARE NO BRANCHES THAT ARE CLOSE.
August 20, 2012 at 12:43am
So I’ve taken a look at the other big-bank prepaid cards on the market (i.e. the Amex and Chase prepaid cards) so it’s time to see what the Capital One MasterCard Prepaid Card brings to the table. At first glance, it appears to be a hybrid of the GreenDot Prepaid Card and the American Express Prepaid Card. If you aren’t quite sure what that tells you about the Capital One Prepaid MasterCard, it will become clearer after one of my patented pro/con lists. Pros - Free Stuff: A lot of the things that other prepaid cards charge for, like customer service, inactivity, activation, etc., are free with the Capital One Prepaid Card. - Ability to avoid a monthly fee: Ideally, the CapOne Prepaid Card wouldn’t even charge an annual fee, but Capital One offers an escape route for people who don’t want to pay up each month: just load $500. That’s an easier requirement to meet than the Orchard Bank Card’s $1000 benchmark. Cons - ATM withdrawal fees: Like the American Express Prepaid Card, you can only make one free ATM withdrawal per month with the Capital One Prepaid Card. After that you get charged $1.95 per transaction. Anyone looking to get Capital One’s Prepaid Card better take note of that and consider how often they need cash or else they could find themselves wasting a lot of dough, like an inefficient pizza shop. Unfortunately, I only see the Capital One Prepaid MasterCard as a mid-level option in the prepaid card market. If you don’t want to load a lot on your card each month, the Amex Card is better because it doesn’t ever charge a monthly fee. And if you are going to load your paycheck or whatever, the Orchard Bank Card would be better because it offers unlimited free ATM withdrawals and doesn’t have a monthly fee when you load at least $1,000.
May 11, 2012 at 07:26pm
Prepaid cards appear to be the next big thing, but unless something changes, this Capital One MasterCard Prepaid Card might miss the boat. I’ve looked into a few prepaid cards now and the Capital One card certainly does not offer the best terms. While the $500 you are required to deposit each month in order to avoid a monthly fee is lower than the minimum deposit requirements of either the Account Now Prepaid Card or the GreenDot Prepaid Card, you only get one free ATM withdrawal each month. After that, it’s going to cost $1.95 a pop to access your own money. Compare this to the fact that with GreenDot’s prepaid card ATM use is free and unlimited as long as you use one of the company’s 18,000 in-network ATMs. ATM fees are a crucial part of selecting a prepaid card because many people will be looking to open such cards in order to escape the checking account fees that are suddenly popping up all over the place, and the ability to get cash on the go is a key checking account feature. I suppose that the Capital One MasterCard Prepaid Card could be a decent option if you don’t have much monthly income or you hardly ever use ATMs, but other than that I would stay away.
October 18, 2011 at 10:13pm