How Metabank's Global Cash Card Works [Learn The Facts]
Prepaid cards can give users a little extra security. While credit cards and cards that allow overdrafts mean that you’ll always have enough money for that surprise bill, interest rates and fees can quickly rack up. For users with poor credit, one bad decision can lead to an even deeper debt hole.
MetaBank is a well-known provider of prepaid cards, and Global Cash Card is one of those cards. So, what should you know about Global Cash Card? Let’s find out.
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What Is MetaBank?
MetaBank is one of the leading providers of prepaid cards in the US. They specialize in prepaid cards for all occasions – travel cards, gift cards, automobile payments, and much more.
Since MetaBank doesn’t require credit checks, just about everyone is eligible for a MetaBank account. However, this also means that your MetaBank account and any subsequent transactions don’t impact your credit score in any way – for bad or for good.
Prepaid cards allow for an extra feeling of security, as you can rest assured that you won’t accidentally spend more than you intended. This no-credit scheme is what makes MetaBank accounts suitable for people with no credit or bad credit.
What Is Global Cash Card?
A Global Cash Card is a prepaid card issued by MetaBank. You can take out a Global Cash Card for a variety of situations, which travel cards being especially popular.
Global Cash Cards allow you to withdraw cash anywhere in the US or in the world. Travelling can be dangerous, and there are all kinds of situations in which you might need a little extra cash than you planned to bring. In that case, a Global Cash Card can provide security and safety.
Global Cash Cards are available for private use, personal use, business use, and commercial, as well as being available for travelers. You can find out more information on Global Cash Cards on their website.
Using Your Global Cash Card
So, before you rush out and apply for a Global Cash Card, you need to find out some basic information.
First of all, are you eligible for a Global Cash Card? What are the requirements? How can you manage your account? What benefits can you expect?
Who Is Eligible For a Global Cash Card?
As a registered US citizen with an existing bank account, you should be eligible for a Global Cash Card. You should also be of the appropriate age to open your own bank account and manage your own funds.
Like other prepaid cards, Global Cash Cards are a good choice for users with poor credit or no credit. However, be sure to read all the terms and conditions before taking out a Global Cash Card – or any other card.
Pros Of A Global Cash Card
There are plenty of benefits of taking out a Global Cash Card. Security and a quick way to access funds are among the top reasons many users take out these cards.
Some pros of using a Global Cash Card Include:
- Security. Global Cash Cards allow users to access funds all over the world – hence the “Global” part of the name. Your Global Cash Card isn’t attached to your bank, meaning that your card is partnered with MasterCard International. In case of an emergency (for example, suppose you lose your card while traveling), you can receive assistance, replacement cards, and emergency cash in a matter of minutes.
- Accessibility. You can use your Global Cash Card just about anywhere in the world. You can choose to use the local currency instead of your home currency, which will save you money in exchange fees. You can withdraw cash at ATMs or make digital transactions. You can also view your balance at ATMs, online, or via a mobile app.
- Versatility. You can put as much or as little on your Global Cash Card as you like. If you choose to add more money later, you can certainly do that, although there is a maximum limit on your card. No interest fees are added, as this is a prepaid card. Balance inquiries and some other transactions are free.
Cons Of A Global Cash Card
Of course, like any sort of financial service, there are some downsides to using a Global Cash Card. Be sure to read any fine print before taking out a Global Cash Card, and make sure you have enough money to load up your card – a prepaid card with no money isn’t particularly useful!
- Inactivity fees. That’s right, you can be charged fees for not using your Global Cash Card. These inactivity fees are applied after five months of inactivity. This can be an issue if, for example, you set up a Global Cash Card for your holiday in a year’s time. If you did something like this, you could well be paying up to seven months’ worth of inactivity fees until you start using your card.
- Maximum loads. You may have a maximum load of how much money you can put on your card. This amount may depend on the type of card you have – you can find more information on the Global Cash Card website.
- Some fees apply. There can be extra fees for using your Global Cash Card. For example, making transactions in your home currency rather than the local currency will incur fees. Withdrawing cash from an ATM can incur charges. For a full list of charges and fees, check out the Global Cash Card website.
The Bottom Line
Whether you need a Global Cash Card for traveling, personal use, or business use, it’s important to be prepared for unexpected events. Something like a Global Cash Card can help keep you and your business afloat or get you out of a sticky situation abroad.