Expert reviews and ratings for MetaBank credit cards [This gives the impression that experts are going to give you some advice and the real ratings about Meta Bank] along with fast and easy online applications.
Please stop trying to con the American people with stupidity like this!!!
http://www.creditorweb.com/issuers/metabank.html – Cached – Similar
MOST POPULAR METABANK CREDIT CARD
Vision Silver Prepaid MasterCard® [Meta Bank earns interest on your money on the pre-paid card. What good is this card to you? None]
- Perfect Card for Government/Benefits Checks Recipients [Perfect for Meta Bank! Meta Bank wants your social security check if you are disabled]
- $0 Activation with Rebate*
- 100% Guaranteed Approval*/No Credit Check [Meta Bank wants you to have poor credit]
- Free Direct Deposit of Your Pay or Government Check [This is to the advantage of Meta Bank even more than the customer since it gives Meta Bank all the control over your account and money, but Meta Bank is not honest]
- Free Unlimited Purchase Transactions Anywhere Where MasterCard Debit Card is Accepted [Meta Bank wants you to spend a lot and to get into debt]
- No Overdraft Fees or Minimum Balances [Meta Bank will start to take your government check]
- Online Checking – Electronic or Paper Checks [This is another way for Meta Bank to get you to spend more and more]
No Introductory Rate Available
Annual Fee: $0
Setup Fee: $0
APR: n/app [Look Meta Bank says there are no fees. That is what it says here in print on the opening page!!!]
[The following only opens up if you happen to click on one spot. Otherwise it is not there!!!!]
Here’s a great idea: offer a credit card that is accepted world-wide for any purchases, but leave off the credit line and base it solely on the money in the account. That is the premise of the MetaBank Vision Silver Prepaid MasterCard. This card is designed for those who are [Here ends the opening page]
not able to obtain either a secured or unsecured credit card.
There are inherent advantages in this system. Applicants are not taken through a credit check. Approval is guaranteed. The reason that this is so is because cardholders fund their own credit lines with their own money. This also eliminates the possibility of owing creditors money which can be difficult to pay back if there are difficult financial circumstances.
There are fees, however, that each applicant must know about before choosing to obtain one of these cards. First there is an activation fee of $9.95. This is a one-time fee. Then, there is a monthly fee of $3.95 to keep the card active. An aggregate of these two fees will cost the card holder just under $60.00 per year. Also, cardholders are charged a $25.00 fee for a shortage in the account whenever their accounts go into negative balances. [These look like fees, but what did it just say on the opening page about fees. None, but here it says there are fees. So what is this Meta Bank? Are you lying or what is going on here? Did the customer just not read the rules the right way?]
In addition, you will find fees for ATM usage, PIN transactions, and cash advances. [And more fees, but what about the opening page and how that is phrased? Isn’t that misleading?]
There are some free features, too. Among these are unlimited signature transactions, online account statements, email and text message alerts and automated customer support.
This card is ideal for customers who need to make electronic transactions, but do not want to or cannot get traditional credit cards with lines of credit.
MetaBank was started as Storm Lake Savings and Loan Association in Storm Lake, Iowa in 1954. They are dedicated to helping those who need payment options but are not able to or do not wish to obtain credit in order to do so. [Anyone who receives a government check should not sign up for this service. It is not necessary and it just makes Meta Bank rich while giving the customer a lot of trouble they didn’t have before.]
[Why didn’t Meta Bank put this information on the opening page? This is far too misleading in the way that it is written. This is why I do not like Meta Bank.]
Review Date: 12/19/2008
Mrnd5's Blog 