We get this questions a lot… should I get a Netspend card?
The answer isn’t as easy as one might expect as you need to take a variety of factors into consideration.
To apply please visit www.gonetspend.com and follow the on-screen instructions.
The first thing that should be noted is this is a prepaid card and NOT a credit card.
This means that your credit score will not improve when making purchases with the Netspend card.
This can be a good or bad thing depending on your financial situation.
- Nerdwallet: 2.5 out of 5
- WalletHub: 3.7 out of 5 based on more than 300 use reviews
- Consumer Affairs: 2.4 out of 5 based on almost 300 votes
Netspend Customer Service
- Phone: 1-86-NETSPEND (1-866-387-7363) Monday to Friday 8 AM – 10 PM Central Sat. & Sun. 8 AM – 8 PM Central
- Online: www.netspend.com/help/contact
- Mail: Netspend Corporation PO Box 2136 Austin, TX 78768-2136
- Fax or Email address could not be found (and we put our best people on it… which isn’t really saying much)
Fees Fees Fees and More Fees!
The Netspend card is a story about fees more than anything else.
- $2.50 fee for ATM withdrawals. This is what Netspend charges; there may also be an ATM operator fee
- $2.50 fee for over-the-counter withdrawals at banks or credit unions. A fee for declined ATM transactions
- If your card gets rejected at an ATM, you pay $1
BOOM goes the dynamite… these fees are nasty and can pile up quick.
Other Options… Credit Cards
- Capital One Credit Card Offers: Pick from some of the best cards in the industry with Capital One
- Credit One Card: Ideal for consumers with less than perfect credit
If you have a good credit score and have the ability to pay down a credit card bill on time you should probably just get a cash rewards credit card.
If you have a bad credit rating and have been known in the past not to pay your bills in a timely manner the Netspend prepaid card might be an option to consider.