Green Dot Prepaid Visa Card review
Why you can trust Bankrate
At Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to:
- Meet you wherever you are in your credit card journey to guide your information search and help you understand your options.
- Consistently provide up-to-date, reliable market information so you\'re well-equipped to make confident decisions.
- Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you.
At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
How We Make Money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
This content is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate.com. HomeInsurance.com LLC services are only available in states were it is licensed and insurance coverage through HomeInsurance.com may not be available in all states. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Green Dot Prepaid Visa Card overview
The Green Dot Prepaid Visa Card offers the convenience of a debit card, although it comes at a hefty price with fees. But even with the fees, there are several advantages to the Green Dot card that make it worth a second look among prepaid cards. The card can be used anywhere Visa is accepted in the U.S., and other benefits such as direct deposit and a convenient mobile app add to the appeal of this prepaid card.
A deeper look into the current card offer
- Rewards rate: N/A
- Welcome offer: N/A
- Annual fee: $7.95 monthly fee
- Purchase intro APR: N/A
- Balance transfer intro APR: N/A
- Regular APR: N/A
Current sign-up bonus
The Green Dot Prepaid Visa doesn’t currently offer a sign-up bonus or welcome offer.
For those interested in a prepaid card, the Green Dot has quite a few benefits, such as ease of use and an upfront fee structure.
Easy to use
One of the best benefits of the Green Dot card is how simple it is to set up. After you get the card at a retailer near you, you can register your card online.
Getting the money off the card is also a simple process. You can use any ATM or teller (although there is a fee involved). To spend your money, use the Green Dot card for purchases anywhere Visa cards are accepted in the U.S.
The ASAP Direct Deposit™ feature lets you upload a quick picture of your check through the mobile app. Whether it’s your paycheck, tax return or other types of check, you’ll have access to your money immediately upon depositing — and deposits are free, too.
The mobile app allows you to check your Green Dot card balance, review your transactions and go over account details. You can set up alerts from the mobile app to receive texts or emails regarding transactions. This is a good choice for someone who wants to stay on track of their spending.
Easy to reload
You can reload your money easily through a mobile deposit, ACH bank transfer or at locations all across the U.S. Choose from places such as 7-Eleven, CVS or Kroger to quickly reload your money.
Easily accessible customer service
Another benefit is easily accessible customer service. If you have questions, you can call the customer service number or ask a question through a social media page.
The bank associated with the card is the Green Dot Bank, and it’s FDIC insured.
If you buy a new Green Dot card and register it online, you’ll be automatically upgraded to the Unlimited Cash Back Bank Account Visa Debit Card that offers cash back, interest on savings, free in-network ATMs, free reloads in the app and more.
Rates and fees
There are quite a few fees associated with this prepaid card.
- $1.95 card purchase.
- $7.95 monthly usage fee (you can avoid this fee if you load at least $1,000 monthly).
- $5.95 cash reload fee.
- $3.00 fee per ATM withdrawal.
- $3.00 teller cash withdrawal fee.
- $0.50 ATM balance inquiry fee.
- 3% international transaction fee.
As the Green Dot card is a prepaid card, you can’t overdraft it, which means you don’t have to worry about overdraft fees or bounced check fees. If you do need to write checks against the Green Dot card, you can order a set of 12 for a $5.95 fee. There are also card replacement fees ($5 to $15) if you’ve lost your card and need to replace it.
How the Green Dot Prepaid Visa compares to other prepaid cards
If you’re looking for a prepaid card that has a similar fee structure to the Green Dot card but offers cash back rewards, check out the Blue Netspend Visa Prepaid card or the Brink’s Prepaid Mastercard. Both cards allow you access to a free mobile app, free mobile deposits and live customer service. To take advantage of the cash back rewards program, you have to opt-in, but it gives you a chance to earn on your purchases.
Remember, however, that the Green Dot card is essentially a “starter card” that you can upgrade to the Unlimited Cash Back Bank Account Visa Debit Card that also offers cash back and interest on savings.
Best cards to pair the Green Dot Prepaid Visa with
While prepaid cards can be convenient, they don’t report to credit bureaus, so your card usage won’t affect your credit scores. If you want to build your credit, you could add a secured credit card to your portfolio.
This type of credit card is secured by a deposit that becomes the collateral for the card. Since such credit cards generally have lower credit score requirements, they can be a great way to rebuild your credit and would pair well with a prepaid card like the Green Dot.
Bankrate’s Take—Is the Green Dot Prepaid Visa worth it?
The Green Dot Prepaid Visa can be a good choice for those with bad credit or no credit. Additionally, it’s a smart option for those who need to keep their spending under control as it doesn’t allow overdrafts. It could also be a smart choice for teenagers who are beginning to learn how to handle money.
The Green Dot Prepaid Visa would not be a good choice for cardholders who need to use ATM withdrawals on a regular basis or travel outside the U.S. frequently. The various fees for ATM usage, foreign transactions and reloading can add up quickly.