Although you will be spending a bit of money to keep it, there are also many benefits to having a prepaid card. In that case, one of the best you can get right now is the AAA MemberPay Visa Prepaid card. In this AAA MemberPay Visa Prepaid Card review, I’ll list its details and benefits so you can decide if this is the right prepaid card for you.
The AAA MemberPay Visa Prepaid Card is a product offered by AAA to members and non-members alike. You can load this card up to $5,000 a day. You can then use it to make purchases in any establishment that accepts Visa cards.
Read on to learn more about the AAA MemberPay Visa Prepaid Card and its most essential details.
About the AAA MemberPay Visa Prepaid Card
When people hear AAA or Triple-A, the car club offering free towing services to members is the first thing that comes to mind. Not only is that a shallow understanding of AAA, but it is also not just limited to automotive services. In this case, AAA also offers a convenient reloadable prepaid card. You do not even need to be a member to avail of it.
If you have less than an ideal credit score or do not have the means to, having a prepaid card is the next best thing other than always carrying cash with you. Apply for a prepaid card if you do not want to open a bank account. The AAA MemberPay Visa Prepaid Card provides you with the convenience of having a card without the need for a credit check.
One thing to remember about this card, and all the other prepaid debit cards, is that this will not help repair your credit score. Because you only have access to the funds that you put into the card, and you are not borrowing money from financial institutions, using prepaid debit cards will not have any effect, positive or otherwise, on your credit.
Main Features and Benefits of the AAA MemberPay Visa Prepaid Card
Getting the AAA MemberPay will let you enjoy the following fantastic features and perks:
1. Improved Security
The best security feature of the MemberPay Card is that it comes with Visa’s Zero Liability policy. This means if you lost your card and it was made to make fraudulent purchases before you even noticed it was lost and reported it, you will not have any liability for them.
You can get a replacement card (for a nominal charge) with all your funds still intact. Moreover, all cards, including the secondary cards, come equipped with secure EMV cards, making them almost impossible to clone.
2. Convenient Access to Your Funds
Since Visa powers AAA MemberPay, you can use it wherever Visa cards are accepted. This means you do not need to carry cash with you all the time. Aside from being a safe choice, not carrying cash all the time can give you better control of your spending.
In addition, if you do need cash, you can withdraw from any MoneyPass ATMs at no charge. If you cannot find a nearby MoneyPass ATM and need cash immediately, you can use any machine. However, you will need to pay a transaction fee.
3. Many Convenient Ways to Reload
There are many ways to put money into your debit card. This ensures that you will not have any excuse for not having enough balance for a purchase up to a certain amount. Some of the reloading methods available include:
- Through direct deposit using your bank or another person’s
- Online reloading using the MetaWallet app
- In most money transfer outlets that accept reloads, like Western Union, MoneyGram, and Green Dot
4. Easy to Share Funds
Give your kids their prepaid cards if they are 16 or older, or give them a secondary card where you can send them their allowances. So even if they need money wherever they are, you can reload their cards using any of the previously mentioned methods, and they can get it right away.
You can get up to two companion cards. However, you will need to purchase them at the same time you opened the primary account. All cards can have access to the funds of the primary. However, the primary account holder can manage how much the other two can spend.
5. Monitoring Spending Is Easier
You can manage several prepaid cards using the MetaWallet mobile app. This way, you do not need to go to the ATM to check your card’s balance. You can even use the app to reload the card if you have a linked bank account. You can also use this app to monitor where the card/s were used.
Also, it allows you to set the alarm for low balance, successful reloading, and every transaction. You will have full control over the card. You will also receive alerts, thereby letting you know everything that the card is used for.
6. Free Personalized Card
Initially, you will be getting a generic prepaid card for your first use. However, upon your first reload, a new personalized card will be sent to your registered account at no extra cost.
Again, what does the AAA MemberPay Visa Prepaid Card offer? Members and non-members alike can benefit from the AAA MemberPay Visa Prepaid Card. Specifically, you can load this card up to $5,000 a day. Then, you can use it to shop in any store that accepts Visa cards.
Pros of the AAA MemberPay Visa Prepaid Card
1. Easy to Sign Up For
You only need to fill up a form first. Submit it to the nearest AAA Club and pay the purchase fee that does not exceed $9.95. It can be lower as the price varies according to the AAA Club. If you want to get a secondary card or two, then get them the same day. You will need to pay no more than $4.95 per card, and you can only get two cards.
2. Usable in Foreign Countries
Another nice thing about the MemberPay Visa Card is that you can also use it in foreign countries. However, you will need to pay a 3% FTF (Foreign Transaction Fee) per purchase. This is a small price to pay, especially when you are traveling in a foreign country. You will feel safer if you do not carry huge amounts of cash when you are in foreign and new locations.
Additionally, if you ever lose your MemberPay Visa while you are in a foreign country and you need a replacement, you can still get one delivered straight to where you are staying.
3. Zero Liability for Fraudulent Purchases
If you lost your card or it was stolen and reported to Customer Service to have it deactivated, you will get a new card (for a nominal fee) with your funds intact. Visa will not charge you for fraudulent purchases made on your card. If you report your card, you will receive a refund on any purchases you did not authorize, no questions asked.
4. Excellent Budgeting Tool
If you, or anyone in your family, have a spending problem, you can use the MemberPay Visa Prepaid as a budgeting tool. Not only are you limited to spending only what is loaded on the card (no overdraft, card is automatically denied when used with insufficient funds), you can also set spending limits via the mobile app.
This is a great way to set aside specific amounts for recurring expenses.
Cons of the AAA MemberPay Visa Prepaid Card
Steep Reload Fees
If you do not have a bank account, you will have to pay quite a bit of money to reload your prepaid card. Understandably, you will need to pay around $10 when using a credit card or debit card; the almost $5 fee when reloading directly at AAA Clubs is a bit expensive, especially since they are the ones distributing the cards anyway.
Has a $1000 Spending Limit Per Day
Although the MemberPay Card is an excellent budgeting tool, it can also work against you if you suddenly need to pay more than $1000. The Visa Card comes with a built-in spending limiter of $1000 per day. This means that even if your card has more than enough balance, you will not have access to it all at once.
Is the AAA MemberPay Visa Prepaid Card Fees Worth It?
Aside from the reloading fees, which can be a bit steep, there are not many associated fees with the AAA MemberPay that merit complaint. Compared to some other prepaid debit cards, it provides quite a lot of convenience and benefits. Many users still say that the card has justifiable fees.
If you are given a choice to pick only one prepaid debit card, the AAA MemberPay Visa Card should be high on your priority list, if not the only entry on said list.
Conclusion – AAA MemberPay Visa Prepaid Card Details and Review
The AAA MemberPay Visa Prepaid Card is one of several prepaid debit cards offered by the AAA Club. However, even if you are not a member, you can still get this card for your personal use. In addition, you can use this card wherever Visa is accepted, which is practically everywhere.
If you need the convenience of having a credit or debit card, and you do not have the means (or the willingness) to get them, you should heavily consider getting the AAA MemberPay Visa Prepaid Card. You will be getting the convenience and security of using cards without the need to open a bank account or get a credit review.