|
BuyRIGHT Pre-Paid MasterCard® |
|
Issued by MetaBank
|
 |
| Overall Rating |
 |
| Benefit Rating |
 |
|
|
|
|
| |
|
|
| |
The BuyRIGHT Pre-Paid MasterCard® is a stored value card that makes it possible for you to use plastic wherever and whenever you need it. Whether you're looking for an alternative to a credit card, or for a safer way to make electronic payments, the BuyRIGHT Pre-Paid MasterCard' is your ticket to the world of plastic.
The Ins and Outs of this Stored Value Card
The BuyRIGHT Pre-Paid MasterCard® is an option for people who need the convenience of a credit card without all the hassle of getting one. With this stored value card, you'll choose between two ways to be billed transaction fee based or monthly fee based. Stored value means controlled spending because you'll place the amount of money that you'll need into your account.
There's a $29.95 activation fee that you'll have to pay for the BuyRIGHT Pre-Paid MasterCard®. Upon sign up, you'll have the option between either a transaction fee structure or a monthly fee structure when it comes to billing your account. If you choose the transaction based plan, you'll be paying $1 every time you have a PIN transaction, but you won't be charged the $4.95 monthly fee. If you'd rather the monthly based plan, you won't be charged a transaction fee or a maintenance fee, but you will be charged the monthly fee. If you leave it up to BuyRIGHT to make the decision for you, you'll automatically be enrolled into the transaction fee based structure.
After you decide which route to take, there are still more fees with this stored value card. These include, ATM withdrawals and refusals, cash advances, calling customer service, electronic bill payments, card replacement, and any period of inactivity lasting six months or more. Most of these fees can be avoided if you use your card wisely. Keep your receipts and do the math to manage your own balance or get free statements online so you won't have to have a $3 paper statement mailed to you. Don't store too much value on your card so you won't have to pay for using the ATM, getting cash back at the grocery store, or for speaking with a customer service representative. Given the cost of postage these days and the possibility of picking up late fees, the $1 fee for an e-bill payment could be well worth the money.
What to Know About Loading Money on Your Stored Value Card
Because this is a stored value card, your BuyRIGHT Pre-Paid MasterCard® does require a minimum load of $10 when depositing extra cash into your account. You'll be limited to two loads per day and a maximum stored value amount of $2,500 on your card. You'll also get discounts like $15 in savings at AceHardware.com on any card purchases totaling $75 or more.
Is the BuyRIGHT Pre-Paid MasterCard® the Stored Value Card Right for You?
There may be a lot of fees that come with everyday usage of your BuyRIGHT Pre-Paid MasterCard®, but there are ways that most of those fees can be avoided, especially with free direct deposit. There are also ways to save with your stored value card. For every dollar you spend with your BuyRIGHT Pre-Paid MasterCard®, you'll earn 1 point that can be used toward prepaid wireless airtime, calling cards, ring tones, and other products that'll get you maximum value from your card. Plus, you'll have access to free account activity alerts and access to online money management tools on MyBuyRight.com.
So, if you've been looking for an alternative to credit, but want the ease and security of plastic and plan to use your stored value card wisely, the BuyRIGHT Pre-Paid MasterCard® could be the card for you.
|
| |
| Updated: April-01-09 |
| |
| |
| Most Attractive Feature(s): No APR; free BuyRIGHT membership; no annual fee.
|
|
| Least Attractive Feature(s): Activation fee. |
| |
|
Various Internet account related services.
Free BuyRIGHT Membership.
Access to BuyRIGHT Rewards program for free.
Access to the Credit Building Program for an additional fee.
Access to the BuyRIGHT Cash Back program, which rewards cardholders with $5 when they sign up for direct deposit within 30 days and $25 for every cardholder that they refer.
Auto payment option.
See website for additional benefits. |
| |
| Note: The review of this card was updated on April-01-09. The review is believed
to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully
read the Terms and Conditions statement that accompanies the credit card application. |
| Terms and
Conditions |
|
|
|
