A few questions about monthly fees on prepaid credit cards.?

I just signed up for an All Access prepaid credit card. I was wondering how the monthly Account Maintenance fee worked, do they take the $5.95 from whatever you have loaded onto your card or do you have to pay at the reload station? If they do take the fee from whatever is loaded, what happens if there%26#039;s not enough to pay the fee? Do they waive it or do they cancel the card?

A few questions about monthly fees on prepaid credit cards.?

I bought one of these for my son, just had to make sure there was enough on the card to pay the monthly fee. I thought there was a fee if not enough on the card, so be careful.

A few questions about monthly fees on prepaid credit cards.?

Prepaid credit cards are becoming increasingly popular amongst consumer to improve financial discipline and credit history. Though, a prepaid card doesn%26#039;t come a with late penalty because there are no repayments to be made, but there are various other fees associated with them, which increase the ownership costs. Having a good knowledge about these fees helps the consumer make an informed decision. Listed below are some important fees levied on prepaid cards.

Annual Fees

Charged by the prepaid card issuing company for usage of the prepaid card on an annual basis.

Monthly fees

Charge by the prepaid card issuing company for usage of the prepaid card on monthly basis.

Customer Service fees

Charged by the prepaid card company for providing initial customer service to issue the prepaid card.

Activation Fees

This fees is charged by the prepaid card issuing company for activating the prepaid card

Fees per purchase

Every purchase done by your prepaid card can attract a fee per purchase. Some prepaid card companies levy this fees to increase their revenue.

ATM Cash withdrawal fees

Whenever you withdraw money from ATM%26#039;s prepaid card company slaps ATM cash withdrawal fees to your account. Read more from: http://www.credit-card-gallery.com/artic...