For many people, carrying cash can be a hassle - especially if you are planning on making a large purchase. The Reloadable Prepaid MasterCard issued by Capital One eliminates this problem by providing the convenience of carrying plastic without the hassle of dealing with interest rates, over limit fees and and penalties.
Benefits
The Capital One card offers free direct deposit to cardholders. The card also reimburses its users if their card is lost or stolen. As an added security benefit, the product is FDIC insured.
Rewards
Rewards do not apply.
Balance Transfers
This service does not apply.
Rates
The card does not carry an annual percentage rate. There is no application fee or minimum amount required to secure the card. The issuer offers one free ATM withdrawl per Transaction Cycle and $1.95 ATM fee thereafter.
Who Should Apply
Individuals who want all the convenience of a debit card and the protections that accompany it may benefit from the Capital One Reloadable Prepaid MasterCard.
Credit Standing
No credit checks and no credit reporting apply to this product.
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