mPower Card

mPower Visa Prepaid Cards are for anyone who has no credit or a bad credit history. It is also a great choice among individuals who are having trouble qualifying for a credit card or do not have a bank account. Since there is no credit check required to get this card, 100% of applicants are approved. Everyone wants the convenience of using plastic to make purchases or even pay their bills so this card makes that goal attainable no matter what the reason for a poor credit history.

Since only the amount of money deposited into the account can be spent, there are never any annual fees or overdraft charges to pay, which makes this card a great investment for people who overspend and need to manage their money more efficiently. With access to an online account, cardholders have tools for money management right at their fingertips. They'll be able to utilize simple features such as:

• monthly statements
• text and email alerts
• Money Matter tips
• Practical Money Skills
• tracking spending

Another group that finds this card especially convenient is parents of teenagers, particularly college students. Parents can open an account in their name but then have the student's name put on the card. They can then conveniently add money to their child's card right from their own account. It's a great way to help students with college costs as well as track their spending and teach them money management skills as they reach adulthood.

There are lots of great benefits and advantages available to users of the mPower Preapdi Visa Card. While some, such as direct deposit, require the cardholder to enroll or sign up, there are some services that are automatically available. It is the user's choice whether or not to use those services depending on their individual needs. Some of these features offer money back and some are designed to simply save the cardholder some extra money.

Check out some of the great amenities offered to customers that set this card apart from other prepaid products:

Benefits

• No activation fee
• More secure than cash
• Free direct deposit
• Use anywhere Visa is accepted
• Online bill pay – recurring or one-time payments
• Texts and email alerts - Transactions, close to spending limit, or bill pay reminders

Rewards – There is currently no specifically defined Rewards Program with this card; however users can earn cash back for qualifying purchases. Each year the cardholder's account is credited with a certain amount of cash back based on how much you spent. The more you spend, the more you get back. Your card needs to be used in a certain way to qualify including:

• signature based transactions – select "Credit"
• online purchases
• phone purchases
• bill payments

Example: Spend $10,000 using one of the above methods and earn 0.80%. So you get $80.00 credited to your account.

Unique Features

• $25 cash bonus if initial card loading is direct deposit
• Activation fee is waived using direct deposit
• Money Management Account tools
• Prescription drug discounts
• 24-hour nurse hotline
• Lowered insurance rates
• Travel discount
• Bill payments are reported to PRBC
• Tax refund received more quickly

While there are some fees associated with the mPower Prepaid Card they are very minimal in comparison to other cards. Many of the fees can be waived if using direct deposit and keeping a certain balance in your account. Keep in mind that using this card will help you avoid annual percentage rates and overdraft fees that are associated with traditional credit cards. And the many savings and services provided by the card are worth the minimal monthly charges.

Fee Schedule

* Fee is waived if using direct deposit

There are several options for adding money to your mPower Prepaid Visa Card. With so many options every card user finds one that is most efficient and cost effective for them. And since you can't spend money without depositing money, mPower wants to make it easy to access your hard-earned cash.

When depositing money there are some fees associated with a couple of the options, but direct deposit of any kind is always free as long as you sign up in the first 30 days of using your card. There is a minimum deposit of $10 when utilizing both direct deposit and when adding cash. The maximum deposit when using cash is $950 per day and up to $4,500 per month. The limit when using direct deposit is $10,000 per deposit and a maximum of $10,000 per month.

Try using one of these convenient methods for reloading your card:

• Direct Deposit – You can deposit part of all of your payroll check into your account by filling out a form that can be printed directly from your online account. Use your card number and routing number so your employer can direct your check directly to your account. This service is free and even provides a $25 bonus if your initial deposit is done this way.
• Tax Refund – After filling out your state and federal tax return documents you can enter your card's routing numbers, bank information, and account number directly on one of the tax forms. This service is free and you typically receive your tax return up to 30 days faster than if it had to be mailed.
• Cash – Adding cash to your card is easy when you use one of the partner networks such as Green Dot MoneyPak or Western Union. Simply go to one of the retail locations that provide these services, give the clerk the cash, and your money will be electronically transferred directly to your account. Each network charges their own individual fees for this service.