Netspend Visa Prepaid Card Review

The NetSpend Corporation provides marketing services and processing for proprietary and private Master Card and Visa prepaid Debit Cards. It is a Texas based company and has it’s headquarter in Austin .This company has other branches in the cities of Atlanta, GA; Charlotte, NC; Leewood , KC; and San Mateo ; CA. Oak Investment Partners are major shareholders of this company.

The NetSpend Corporation has 7 million costumers and helps them for the payment of bills, for purchasing, and managing their money without the need of checking credit history and account. This company was established in the year 1999 by Bertrand and Roy Sosa along with their friend James Wright.

NetSpend® Prepaid MasterCard®

Under the symbol of NTSP this company trades on the NASDAQ. The NetSpend has products that include debit cards which can also be reloaded with funds; travel card which can be reloaded only a limited number of times; gift cards which cannot be reloaded and can be purchased in predominant amounts.

The NetSpend Prepaid Visa Card is a debit card with lesser fees as compared to other card in the market. Netspend visa prepaid is designed to provide users with the convenience of a debit card without the worries and concern associated with a credit card. You load money onto the card and start paying for services or goods from anywhere that accepts Visa, including gas stations, restaurants, and groceries.

If you’re in the market for a prepaid Visa and contemplating on the NetSpend Prepaid Visa debit card, read on to see if the card is a good fit for you.

Salient features of Netspend Visa prepaid card

  • 100% Approval – No credit check needed (ID verification required).
  • Get your paycheck or government benefits up to 2 days faster with free direct deposit
  • Earn cash back with NetSpend Payback Rewards(TM).
  • Real-time activity alerts sent to your mobile phone.
  • Prescription Discounts – up to 55% off!.
  • Funds are FDIC insured up to the current coverage limit (ID verification required).

Product Comparison

During the application process of this card you are able to choose between three different plans for this card.

Plan 1

The first option for this card is Free Advantage.

  • The FreeAdvantage plan charge you a monthly fee of US $ 9.95, but this card does not charge you a onetime enrollment fee.
  • The good thing about this plan is that the signature purchase transactions and pin purchase transactions for merchants do not need fees. However, this plan has ATM transactions fees of US $ 2.50

Plan 2

The second option for this card is the Pay-as-you-go plan.

  • The Pay-as-you-go plan do not has a onetime enrollment fees as well as this plan does not have a monthly fees, too.
  •  There is a US $ 1 fee charges per purchase on the signature purchase transactions where you have to give a signature via electronic reader on any purchase.
  • If you need to withdraw your money through ATM then you will be charge US $ 2.50 per transaction and if you need to make any purchase through a pin purchase transaction where you have to enter your card pin number then you will be charged US $ 2 per transaction.

Plan 3

The third plan for the NetSpend card is NetSpend Premier FreeAdvantage plan.

  • The structure of this plan is somewhat similar to the traditional FreeAdvantage account but, the monthly fee of this plan is nearly half of the FreeAdvantage.
  •  Like all the other plan of this card, this plan also has ATM fees of US $ 2.50.
  • According to me this plan is very profitable one as the overall deal of this plan is the best and you can sign up for this plan during the application process of the plan for this card.
  • But if your balance of the card is a bit short then you need to spend US $ 10 per purchase cushion.

Verdict on Netspend Visa card

Overall this card is decent, profitable and a better card than most of other prepaid cards in the ongoing market. All the other cards in the market are not much consumer friendly, NetSpend is better and they also do not have any hidden fees, unless I overlooked. In the Better Business Bureau Netspend has been rated as ‘A’ as the structure of the fee and options for the account are very reasonable as well they have a good review ratings.

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  1. Thanks for posting this card review. I appreciate you describing the different plans that this card has, it was very helpful to me. At least I can read about it and decide which one I would like to apply for before hand.


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  3. Use cash and avoid all the fees!


  4. These days pretty much everyone has a credit card. They are more convenient than cash and checks and they allow you to make purchases just about anywhere, including online. But there are also many risks associated with traditional cards. The biggest of these risks is that they can be lost or stolen, allowing the finder of the card to use it at their will until you discover it missing and cancel it. The physical card itself isn’t even necessary anymore; often times your credit card number can be stolen, leaving you with a shockingly high bill at the end of the month, which is why people are often skeptical about shopping online. These risks are dangerous because someone can obtain access to your money and can potentially charge huge amounts on your card.


  5. We appreciate you taking the time to write a review and promote our product.

    NetSpend Corporation is a leading provider of reloadable prepaid debit cards and related financial services to underbanked consumers in the United States. We do not provide any marketing services with our product.

    Plan 1 is actually our “Fee Advantage Plan”.

    Plan 3 does require a direct deposit(s) of $500.00 or more within a calendar month for the discounted rate.

    If you have any questions about our product, please feel free to contact us at 1-86-NETSPEND.

    Thank you,




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