GO2bank
No monthly fees with eligible direct deposit, otherwise $5 per month.
All Credit Types Considered
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CARD TYPE: PrepaidPrepaid 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: ConsumerThese credit cards are for the average consumer who needs a credit card for personal use.
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REWARDS PROGRAM: Cash BackUsing this card you will be able to earn cash back on all your purchases or on purchases in specific shopping categories.
- No monthly fees with eligible direct deposit, otherwise $5 per month.
- The Ultimate Mobile Bank Account.
- Get your government benefits up to 4 days early. Plus, direct deposit unlocks exclusive perks!
- Get your pay up to 2 days early with eligible direct deposit.
- No monthly fees with eligible direct deposit, otherwise $5 per month.
- No hidden fees.
- Fees, terms and conditions apply. Learn more at www.go2bank.com.
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CARD FEATURES
- Instant Response:
- No
- Credit Check:
- No
- Direct Deposit:
- Free
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FEES
- Activation Fee:
- $0
- Monthly Fee:
- No monthly fees with eligible direct deposit, otherwise $5 per month
- Domestic ATM Withdrawal Fee:
- $0
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USAGE LIMITS
- Daily Deposit Limit:
- See terms
- Daily Cash Withdrawal Limit:
- See terms
- Maximum Card Balance:
- See terms
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OVERDRAFT
- Overdraft Available:
- Yes
- Overdraft Fee:
- $15 for each transaction that is greater than $5 and overdraws your primary deposit account by more than $10, up to a maximum of ten overdraft fees per monthly statement period
- Maximum Overdraft Limit:
- Up to $200 with opt-in and eligible direct deposit
Questions & Answers about the card:
You can get a rewards credit card even with limited credit. However, be ready that rewards will be low and the card will have a bit higher interest rates and fees. Big rewards and low fees are usually offered to people with good and excellent credit history. So, if you are sure your new credit card with rewards will allow you to earn enough rewards to cover at least an annual fee, then it may be worth having such card. Otherwise, we would recommend you to apply for a cheaper credit card, the one without an annual fee and with lower interest rates.
First of all, credit building is not a fast process. However, you can give a boost to your credit score when you use credit cards regularly and make all monthly due payments with all your creditors on time. As for a credit card with cash back, since you’ve just started building your credit, you can choose from the cards designed for people with limited credit. The cards can offer cash back rewards on all your purchases or on purchases in specific shopping categories. Make sure you are aware of the fees and interest rates before you apply for a credit card. Credit cards for limited credit often come with fees when they have a rewards program.
Cash back rewards credit cards are simple and easy to manage. They typically offer flat percentage rate rebated back to a cardholder in the form of a check or deposit at the end of a billing cycle. The typical percentage rate on a cash back credit card is 1% cash back. However, some credit card issuers offer more cash back or opportunities to get back more on particular purchases. When issuers calculate cash back rewards, they simply apply the rate to all eligible spendings of a given period.