What Is An All Access MasterCard?

When looking at the various types of debit cards available, you may ask, “What is an All Access MasterCard?” In simple terms, it is a prepaid debit card that can be used in the same manner as a credit card. The main difference is that the card has a set dollar amount prepaid so you will not have a bill at the end of the month.  Having a card prepaid is a great way to control spending, but you must be aware of fees that may be associated with the prepaid debit MasterCard.

Fees that are associated with the All Access MasterCard include an initial activation fee, a transaction fee, and an inactivity fee if the card is not used for 90 days.  You may look up the card balance online or pay a fee to have a printed statement sent to you. ATM fees occur with each withdrawal and for inquiries of the card balance at an ATM. Online transfers are free, but a fee will be charged if you call the customer support center for All Access MasterCard transfers. 

The prepaid debit MasterCard will hold up to a $10,000 balance and has a $2,500 limit on daily transactions. It is important to read through the fine print on the terms and conditions with any card including the All Access MasterCard because additional fees or limitations of may apply. 

The All Access MasterCard is a convenient way to make purchases without the hassle of paying added interest and receiving a bill at the end of the month. The card is accepted at numerous locations worldwide and is safer than carrying cash. Many people choose to have their paycheck directly deposited to their debit MasterCard account for the convenience and instantaneous availability of funds. 

Resource:

Netspend