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Netspend® Visa® Prepaid Card review

 /  5 min
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At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for and how we rate our cards. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.



Bankrate rating
Rating: 3 stars out of 5

Bottom line

The Netspend Prepaid Visa card may be an excellent choice for those with poor credit or those who choose to not have a bank account—but its high rates and fees, on the other hand, may make other prepaid cards or even secured credit cards sound more appealing.

Rating: 3 stars out of 5
Bankrate score
See Terms
Recommended Credit


Regular APR

Up-to $9.95 monthly*

Annual fee

Netspend® Visa® Prepaid Card Overview

Netspend provides a viable alternative to a checking or savings account in the form of a prepaid card. With the Netspend® Visa® Prepaid Card, you can conveniently manage your finances and load money through various methods. While the card is associated with certain fees, it provides convenience and security for people with no credit history or bank account.

We have sifted through the many Netspend details and reviews to provide you with the information you need to decide whether the Netspend Visa Prepaid Card is the card for you.

What are the pros and cons?


  • Checkmark

    Has flexible plans (Pay-As-You-Go and Monthly Plans).

  • Checkmark

    No minimum balance, interest rates, cash advance or late payment fees.

  • Checkmark

    No application fee (if the application is made online).

  • Checkmark

    You can access a high-yield savings account.


  • High ATM withdrawal fee.

  • Subpar customer service, according to recent customer reviews.

  • High fees for most card activities.

  • Social Security number is required to use the card.

A deeper look into the current card offer

Quick highlights

  • Rewards rate: N/A
  • Welcome offer: N/A
  • Annual fee: Up to $9.95/month
  • Purchase intro APR: N/A
  • Balance transfer intro APR: N/A
  • Regular APR: N/A

Current welcome offer

There is no sign-up bonus for the Netspend Visa Prepaid Card. However, you and a friend can each receive $20 if you refer them and they load at least $40 on their card.


There isn’t a defined rewards program to help you recoup the myriad of fees, but your prepaid card does allow you to activate select cash back offers at participating merchants via the Netspend Payback Rewards program. The current offers aren’t visible unless you already have an account, but it works similarly to card-linked programs like Chase Offers.

Other cardholder perks

The Netspend card makes it easier to manage your finances. You can access important features through your Netspend online account, but don’t expect many perks outside account management and alert features.

High-interest savings

One of the advantages of the card is that you can get a high-yield savings account that offers a 5 percent APY on the first $1,000 in your account (any portion of your balance beyond that will earn 0.50 percent APY).

Flexible options

Netspend offers two plans—a pay-as-you-go plan and a monthly plan. The pay-as-you-go plan is great for consumers who don’t use their Netspend card on a daily basis. The monthly plan, on the other hand, will work better for consumers who use their Netspend card more frequently—as they won’t incur any transaction fees.

No fees to get started

Another benefit to the Netspend Visa Prepaid Card is that there are no fees associated with the application process. You won’t need to pay an activation fee, go through a credit check or have a minimum balance to get started. Plus, you won’t ever have to worry about dealing with late credit card payment fees.

Load almost anywhere

Netspend has over 130,000 reload locations all over the United States, making the card accessible for almost everyone in the country. The maximum balance for your card is $15,000, and you can load a maximum of $7,500 per day. You can also take advantage of the Mobile Check Load feature in order to load checks to your card by simply snapping a picture of them with your phone.

Account security

Besides checking your card account balance, transaction history and etc., Netspend’s mobile app also allows you to receive text alerts about account activity in order to safeguard your balance. You can also generate up to six temporary virtual credit card numbers to keep your account safe from iffy online merchants and unexpected recurring expenses (like subscription services).

Rates and fees

The pay-as-you-go plan has no monthly fees, whereas the monthly plan charges $9.95 a month. Luckily, you can reduce your monthly plan to $5 if you receive at least $500 a month in payroll checks or government benefits each month. As for purchase transaction fees, the pay-as-you-go plan has a $1.50 fee for PIN and signature transactions, whereas the monthly plan doesn’t charge any.

For every cash reload, you can be charged up to $3.95 using either plan, depending on the way your card is reloaded (retailer or online). Using Mobile Check Load will incur a 2 to 5 percent (or $5, whichever is greater) fee to expedite your check load based on the check type.

There’s also a $2.95 ATM withdrawal fee associated with both available plans. Additionally, inquiring about your balance through an ATM will cost you $0.50. Withdrawing over the counter at a financial institute will trigger a $2.95 or 1 percent fee (up to $9.95), but withdrawing at a Netspend reload network location will trigger a fee as well, 2.75 percent (up to $4).

Lastly, Netspend charges an inactivity fee of $5.95 a month, which applies if your card didn’t have any transactions in the past 90 days.

There are loads of fees to be aware of depending on your circumstances, such as a 4 percent foreign transaction fee, so be sure to read the terms carefully before purchasing a card.

How the Netspend Visa Prepaid Card compares to other prepaid cards

The Netspend Visa Prepaid Card has many competitors worth looking into if you’re looking for a prepaid card.

For example, the Serve® American Express® Prepaid Debit Account gives you 1 percent cash back on any purchase you make, plus free in-network ATM withdrawals and American Express benefits like Amex Offers. The card also offers a free early direct deposit, which means that you can access all or part of your paycheck two days before your payday for free.

If you frequent Walmart, you can also choose the Walmart MoneyCard Visa Card. This card offers 3 percent cash back on, 2 percent back at Walmart fuel stations and 1 percent in Walmart stores (up to $75 in cash back per year). What’s more, you’ll also get free cash reloads and a 2 percent annual interest rate on your balance.

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on Netspend's secure site

Annual fee

Up-to $9.95 monthly*

Intro offer


Rewards rate


Recommended Credit Score

See Terms
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Brink's Money Prepaid Mastercard®

Annual fee

Variable Monthly Fees

Intro offer


Rewards rate


Recommended Credit Score

See Terms

Best cards to pair with this card

You can probably save more money in the long run and avoid the nickel and diming prepaid cards are known for if you consider a secured credit card instead. For example, you could pair it with the Capital One Platinum Secured Credit Card, which can offer credit line upgrade opportunities in as little as six months by showing positive credit activity. Perhaps the best secured card on the market that also offers credit line upgrade reviews is the Discover it® Secured Credit Card, which offers cash back—a rare feature for secured credit cards with no annual fee.

Bankrate’s Take—Is the Netspend Visa Prepaid Card worth it?

While the card has its advantages, there are better prepaid cards available on the market that perform similar functions at a more affordable cost—and offer rewards to boot. Netspend’s fees are a major drawback, especially the high ATM withdrawal fees.

However, this card may be beneficial for anyone without a credit history looking for banking services or a spending management tool. Just keep in mind, Netspend doesn’t share data with any credit bureaus, so using the card will not help you establish your credit.

Frequently Asked Questions

Written by
Garrett Yarbrough
Writer, Credit Cards
Bankrate expert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. After regularly featuring his credit card, credit monitoring and identity theft analysis on, he joined the and Bankrate teams as a staff writer to develop product reviews and comprehensive credit card guides focused on cash back, credit scores and card offers.
Edited by Senior Editor, Credit Cards
Reviewed by Former Personal Finance Writer, Credit Cards

* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.

Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.