Consumer Payment Card News

Fee Freedom

Competition continues to push down fees associated with prepaid general purpose credit cards. The “Freedom MasterCard” is now offering a no monthly fee plan for some of its cash loading customers. The Company will waive its monthly fee when customers deposit either $350 a month or more by direct deposit or $700 or more in cash each month. For consumers that donât meet the monthly deposit minimum, Prepaid Card Holdings charges only $5.95 per month. With a 100% guaranteed approval policy (subject to verification of ID) insures that anyone, regardless of credit history or employment status can get a branded prepaid debit card account. For more information visit

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