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Issued by BANKFIRST Categories: Pre-Paid
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Overall Rating
Benefit Rating
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The Western Union® Prepaid MasterCard®, issued by BANKFIRST, is a stored value card designed for those who may have difficulty in obtaining an unsecured credit card. Although the card does not require a bank account to be opened, it does require payments in advance, which are then used to offset future purchases made with the card. The card can be funded at participating U.S. Western Union locations for $3.95. The card may also be funded directly from the cardholder's paycheck onto the card account. The funds from the paycheck are then automatically loaded to the card every pay period. Loads cannot exceed more than $2,500 and there is a maximum of $9,500 that can be added to the card in a one-month period. There are some fees associated with this card. Although there is a non-refundable $9.95 enrollment fee that must be paid during the initial card load, this is extremely reasonable since most other prepaid cards have application and processing fees that are much higher. There is also a monthly account maintenance fee of $4.95, which amounts to $59.40 annually. However, the monthly account maintenance fee will be waived for the statement period immediately following the date on which a direct deposit load is posted to the card account, which allows cardholders who sign up for direct deposits to greatly reduce the fees associated with this card. It is important to note that this card does not report cardholder transactions to credit bureaus, which may be considered a major drawback for those who are trying to establish credit. Therefore, those who are looking for a stored value card with the opportunity for very low fees and do not need to build credit may find the Western Union® Prepaid MasterCard® to be a beneficial option.
Most Attractive Feature(s): No credit checks; no security deposit required; card can be funded at participating U.S. Western Union locations.
Least Attractive Feature(s): Monthly maintenance fee; does not report to credit bureaus.
Additional Perks
Various Internet account related services.
See website for additional benefits.
Rates & Fees
- Introductory Rate: No Introductory Rate Available
- Introductory Rate Details:
- Grace Period: Not applicable to this type of card.
- Applied Towards: None
- APR (Purchases) %:
- APR (Cash Advances) %:
- Finance Configuration:
- Annual Fee: $0
- Additional Cardholders:
- Application Fee:
- Minimum Credit Limit: n/a
- Maximum Credit Limit: $2,500
- Late Payment Fee:
- Over-The-Limit Fee: $25
- Cash Advance Fee: $2 for ATM transactions; $4 for non-ATM and teller transactions
- Balance Transfer Fee:
- Important Notations: **The $4.95 participation fee will be waived for the statement period immediately following the date on which a direct deposit load is posted to the card account.***The total first year fees does not take into account any statement period in which the $4.95 participation fee is waived for making a direct deposit load.The initial PIN selection is free, but there is a $1 fee for subsequent PIN selections.There is a $2 fee for each mailed statement.There is a $2 fee per call for live customer service assistance.See website for complete terms and conditions of card usage and application disclosure.
* See the online credit card applications for details about Terms and Conditions of offer.
Note: The credit card information is believed to be accurate during the update. However, all information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions Statement that accompanies the credit card application. When you click on the " Apply " button you can review the credit card Terms and Conditions on the credit card issuer's web site.
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- No Annual Fee for the First Year - $125 Thereafter
- Earn 10,000 Membership Rewards® Bonus Points After Your First Purchase with the Card - Redeemable for a $100 Gift Card
- No Pre-Set Spending Limit
- The Membership Rewards Program® - Earn 1 Membership Rewards® Point for Virtually Every Dollar You Spend. You can Redeem Points for Your Choice of Truly Exceptional Travel, Shopping, and Entertainment Rewards
- Gold Card Events - Exclusive Access to Tickets for Select Concerts, Shows, Major Sporting Events, and More in Cities Nationwide
- Global Assist® Plus Hotline and Many More Benefits Included
- Express Approval. Get a Decision in Less than 60 Seconds
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| APR (Purch) % |
APR (Cach) % |
Annual Fee |
Intro APR |
| n/app |
Not Available |
$125** |
No Introductory Rate Available |
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- No Annual Fee for the First Year - $95 Thereafter
- Earn 5,000 Membership Rewards® Bonus Points After Your First Purchase With the Card -- Redeemable for a $50 Gift Card
- The Membership Rewards® Program also Lets You Transfer Points to 11 Frequent Flyer Programs: 1 Point = 1 Frequent Flyer Mile or Frequent Guest Credit for Most Programs
- Purchase Protection Plan Protects Eligible Purchases Made with the Card Against Accidental Damage and Theft for up to 90 Days from the Date of Purchase
- Many Other Travel and Shopping Benefits
- No Pre-Set Spending Limit
- Express Approval. Get a Decision in Less than 60 Seconds
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| APR (Purch) % |
APR (Cach) % |
Annual Fee |
Intro APR |
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$95** |
No Introductory Rate Available |
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