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goHenry US

It takes just one minute to open your online account. (No credit card required).

Credit Recommended:

Any Credit (No Credit Check)

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    CARD TYPE: Prepaid

    Prepaid card is a card that you load with money first and then use to make purchases or pay fees.

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    WHO CAN GET IT: Consumer

    These credit cards are for the average consumer who needs a credit card for personal use.

ABOUT THE CARD
  • It takes just one minute to open your online account. (No credit card required).
  • See your child´s face light up when they receive their very own card in just 10 working
  • Set automatic allowance transfers, tasks and spending rules for your child.
RATES & FEES INFORMATION:
  • CARD FEATURES
    Instant Response:
    Yes
    Credit Check:
    No
    Direct Deposit:
    Free
  • FEES
    Activation Fee:
    See terms
    Monthly Fee:
    $0 for 2 months (after $3.99 per month)
    Domestic ATM Withdrawal Fee:
    See terms
  • USAGE LIMITS
    Daily Deposit Limit:
    See terms
    Daily Cash Withdrawal Limit:
    See terms
    Maximum Card Balance:
    $6,000
  • OVERDRAFT
    Overdraft Available:
    No
    Overdraft Fee:
    See terms
    Maximum Overdraft Limit:
    N/A
goHenry US

Questions & Answers about the card:

Who is prepaid card good for?

Prepaid cards are good for anyone. However, if you want to build or establish your credit, they will be useless for you. Prepaid cards do not give access to credit line and therefore they are not reported to the major credit bureaus, which is an important condition when you build a credit history. Prepaid cards are good when you want to get a convenience of a plastic card and electronic payments. They are also good for acquiring a habit of making payments on time and managing your finances properly.

How do prepaid cards work?

Prepaid cards look like credit cards but they do not work like them. With a prepaid card you should put money onto the card before you can use the card. When you use a prepaid card, the amount of your purchases is deducted from the balance of the card reducing the available amount. Once you’ve used the entire balance, you have to reload money onto your prepaid card before you can use it again. You do not have to worry about interest or late payments. There is no revolving balance or due dates to remember but you still can be charged fees for a prepaid card use.

What is a prepaid card?

A prepaid card is a payment card that you load with money before you can use it for purchases. It looks like a credit card: it has card number, signature strip, company branding, Visa or MasterCard logo, and your name. But prepaid cards are not credit cards and do not give you access to a line of credit. You can’t borrow money with a prepaid card, you can only spend money loaded onto it. And because of that prepaid cards are not reported to the major credit bureaus and do not help you build your credit. Prepaid cards give you convenience of electronic payments.

How to get a prepaid card?

You won’t need an established credit history to qualify for a prepaid card. You can get a prepaid card with bad or no credit at all because they do not require credit check or bank account. You can apply for a prepaid card online or get it at your local bank. Some prepaid cards are even sold at supermarkets. Just make sure you read the card’s terms before you get it. Many prepaid cards have high maintenance fees and processing fees.