Steven Walters asked:


If you’re looking for a reloadable Mastercard you’ve got lots and lots of choices. Many people are choosing not to carry cash these days and they also want to avoid the interest charges and annual fees that credit cards hit you with. A perfect solution is the prepaid reloadable Mastercard which gives you the convenience of plastic without the interest charges.

Here’s a list of three prepaid reloadable Mastercards that you can use to simplify your life and keep your finances in control.

The BuyRIGHT prepaid Mastercard is a top choice when looking for a prepaid reloadable card. Not only do they offer direct deposit of your paycheck right to your account, but they also report to at least one of the major credit reporting bureaus. This makes the BuyRIGHT card perfect for those who are either trying to establish credit like younger folks or those trying to re-establish credit after a bankruptcy or the like.

BuyRIGHT also has a very good fee structure so you don’t need to pay an arm and a leg while you build up your credit history. And you can get free account alerts to let you know where your account stands at any given time.

US Paycard Mastercard - This reloadable Mastercard advertises for those who are looking to send money back to family in other countries making it a great choice for resident aliens working in the U.S. The card can be used at millions of merchants and ATM machine throughout the world and applying for one is simple and easy. Once you receive your cards send one to your loved ones and you can reload it for them to withdraw cash anytime. It is so much easier and less expensive than Western Union or bank transfers that I don’t know why everyone doesn’t use them.

All Access Mastercard - This reloadable Mastercard offers 100% approval to applicants and you can get a limit up to $10,000 with no minimum balance required. There is also no bank account required to apply for and be accepted for the All Access Mastercard. If you’re looking for a way to organize your finances, budget more effectively and avoid bounced checks and overdraft fees then you should definitely look into this reloadable Mastercard.

This is only the tip of the iceberg as there are many more than just these three companies offering prepaid reloadable Mastercards. Do some research and you can find quite a few with different terms and fees. Investigate each and find the ones with the best terms to fit your needs. As we move towards a cashless society these prepaid Mastercards are becoming more and more popular as a means to transfer funds, establish credit and keep track of personal and even family finances.



Neil

DEL asked:


I have an opportunity to save $30 on a TV by signing up for a credit card. Will it hurt my credit score if I open it and cancel it in a week? I know you’re not supposed to cancel cards you’ve had for a while, but I wasn’t sure about this.

Dora

Joshua Shapiro asked:


The Orchard Bank MasterCard is designed for those cardholders who have an average or limited credit history who do not want to secure a credit card account with a savings deposit. Although this card can help a cardholder with a limited credit history build a foundation for a positive and solid credit history if payments are made on time, a few costly factors must be taken into consideration first.

At 15.65% variable for purchases, the interest rate for this type of card is competitive for other similar cards, but it can still be rather costly for those who intend to carry a high balance on the card. On cash advances, you can expect to pay a variable rate of 24.40%.

The card carries an annual fee of $49, not excessive for this time card. There is a cash advance fee of 5% with a minimum of $5. Although this is higher than other cards that usually assess a 3% cash advance fee, there is no balance transfer fee. In addition to the annual fee, there is an application fee of $49, so during the first year, a cardholder will pay a total of $98 for the Orchard Bank MasterCard.

In spite of the high interest rate on this card, its use will allow a cardholder to build a positive credit history. Of course, those who are able to pay in full each month and avoid finance charges will benefit the most from this card. For those who are unable to do that and carry a high balance, it can be quite expensive.

Though it offers minimal benefits, a cardholder will receive some perks with this card such as the following:

• Online access to account information

• Emergency card and cash replacement

• Reporting of lost and stolen cards

• No liability to cardholder for unauthorized transactions



June

Beth Derkowitz asked:


For the student, the Universal Entertainment Student MasterCard from Chase is an ideal choice. Students that have good or better credit can take advantage of this rewarding credit card. You will benefit from a good amount of spending limits as well as an affordable interest rate. Yet, you also get to take advantage of the reward program offered by this Chase MasterCard.

The Benefits

The Universal Entertainment Student MasterCard from Chase provides for the first six months worth of purchases and balance transfers at an introductory rate of 0%. During this time, you will pay nothing for financing. After that time period, the APR on purchases is 17.99% variable. The APR on cash advances is at 23.99%. These are average or better rates offered. One downfall for those that select to carry a balance on their credit card from one month to the next is the method of calculating the finance charges as this credit card offers the two cycles average daily balance for calculation. There is no annual fee either.

As for rewards, you will gain here. You will earn one point per dollar spent using your credit line. In addition, you will earn 2 points per dollar spent on Universal Studios Theme Park ticket purchases. When it comes to redeeming your points, you can use them on a wide range of things from concert and movie tickets, to private movie screenings, home electronics, passes to Universal parks and many more choices. You have five years to use them before they expire but there is no limit to how much you can use. In addition, you will earn a free movie ticket with your first purchase which is valued at 900 points.

The Universal Entertainment Student MasterCard from Chase is a great way to fund those expenses at school and get something that you want back from it. It is an affordable choice and one that will pay off in a way that you feel you can be benefited.



Minnie

Treasure101 asked:


I am only 13 and I don’t have a credit card, so how can I create an account without the credit card step? I want to use Itunes cards.

Lauren

Eric Wasselman asked:


Having a bad credit history may greatly affect a user’s future credit card applications, at least for the next seven years down the road. With tainted, poor or bad credit history, there are only two options left for the down-on-its-luck credit card user: go with cash or get the Orchard Bank Silver MasterCard.

One of the few credit cards that will not shun card users with bad credit histories, the Orchard Bank MasterCard offers a multitude of privileges all over the world within 22 million locations. In addition, the card aids in the rebuilding of good credit reports as it is also responsible for reporting to all three credit bureaus on a monthly basis, thereby strengthening its users’ credit scores.

Apart from that, the user is also not held accountable for unauthorized charges, thus making it a great tool for shopping on the Internet. In fact, the Orchard Bank MasterCard users are also able to access their online account 24 hours a day, as well as make bill payments with the card without a usage fee incurred.

However, getting approved for a credit card does not mean that users should go on a spending spree, not especially with this card. For starters, a high annual fee of $49 and an application fee of another $49 are imposed, resulting in total fees payable of $98 within the first year of using the card.

Additionally, interest rates of the Orchard Bank MasterCard are charged based on a variable annual percentage rate (referencing to the Prime Rate), which ranges from between 15% to 17%. Also, the APR for cash advances stands at 24%, with an additional 5% of cash advance fee (or a minimum of $5) applicable for each cash advance transaction.

Finally, the Orchard Bank MasterCard has an interest-free grace period of 25 days for payments to be made. Once the grace period is over, there will be a $30 late payment fee chargeable for every $1000 outstanding balance and a $35 fee for balances over $1000. Surpassing credit limits are also a big no-no as users will be charged an extra $30 for this. Evidently, for every good bargain, there are always strings attached.



Ruby

BP asked:


How can they offer me card from Capitol One and an Amazon Capitol One and a University Capitol One card and they are all different accounts. How is the money made by the issuer and the original credit card company? How does it work?

Rick

Dude asked:


Im starting a dj business for myself. I plan on purchasing a credit card terminal for my business.What is the process of getting it connected to my bank account?

Hector

compu s asked:


Preferably a credit card that offerers an affinity program with an airline mileage partner.
Thanks
And hopefully doesnt have a yearly fee, or the fee is waived the first year.

Eddie

jenny n asked:


I want to get a credit card today. I don’t want to apply online and get in the mail within weeks. Is it possible to get a credit card today?

Kathryn