Face Card Review
by Mr Credit Card
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Summary – The Facecard prepaid MasterCard® is a prepaid credit card that will actually appeal to the folks looking for a prepaid card for their teenage kids and also those who want a “low cost” prepaid card. Let’s find out more about this card.
Fees – As with any prepaid credit card, always watch out for fees. Well, for the Face Card, there is no activation fee or monthly fee. There is also not transaction fee (if you use your card in the US). The fee for international transactions is $0.50.
The fee for getting cash from ATM is $1.50. If you have a negative balance, you will be accessed a fee of $9.95.
Load Fees – For the Face Card, loading your card from a bank account via ACH and transferring funds from another face card is free. There is no direct deposit for this card.
Fee Table
Verdict – The Facecard prepaid MasterCard® will appeal to parents who want to give a prepaid card to their teenage kids and also to those who simply want a prepaid credit card. The thing I like about this card is that there is no activation or monthly fees and no transaction fees. Hence, it is a very cost effective card.
The only issue I have with this card is that there is no direct deposit feature. Hence, for those who do not have a bank account and who wish to use a direct deposit feature, this card is not for you.
Also, bear in mind that for those with poor credit, a prepaid card does not help to rebuild your credit. If that is an objective, you should consider a secured credit card.
Face Card Application Page
This is how the application page looks like :
April 19th, 2009 at 22:00
[...] Credit Card presents Face Card Review posted at Ask Mr Credit [...]
April 21st, 2009 at 10:32
Hello,
My name is Allison and I work for Facecard. Thank you for reviewing our product! I wanted to let you know that we actually do offer a direct deposit feature. Not only is it a great way to add funds to a Facecard, but it is completley free. No more waiting in line on payday or paying check cashing fees!
Thanks again.
April 21st, 2009 at 10:40
Allison
Can you tell me where is it stated in the website? Cos I could not find it in the fee table.
Thanks for dropping by.
Mr Credit Card
April 26th, 2009 at 20:47
[...] Credit Card presents Face Card Review posted at Ask Mr Credit [...]
May 4th, 2009 at 18:12
Please send an application for a facecard credit card to email above. Thanks
June 11th, 2009 at 18:06
I have had horrible experiences with Facecard – one hassle after another requiring me to fax them, etc. They are not actually a bank, which means your funds are unprotected, and they are highly unprofessional, even their supervisors. The final straw was when they just recently canceled all member cards and are forcing everyone to sign up for new cards. If not, the old account is closed and they hold your funds for up to 45 days. They refused to issue a refund on the old account without a $9.95 fee or a 45 day wait. My advice – avoid them. Open a free checking account at a real bank and get a real debit card. Facecard also has ridiculous limits and fees – they charge you $25 for disputing a charge!
August 25th, 2009 at 20:57
Hi, I recently tried to open a Facecard credit card, but I couldn’t, it gave me a batch ID , what is that?. I read the FAQs and it says that this card in only for US citizens. I have permanent resident, so I definitively can’t get a Facecard????