{"id":8357,"date":"2022-01-18T13:54:27","date_gmt":"2022-01-18T12:54:27","guid":{"rendered":"https:\/\/businessfinancenews.com\/?p=8357"},"modified":"2022-03-11T11:22:22","modified_gmt":"2022-03-11T10:22:22","slug":"ace-elite-visa-prepaid-debit-card","status":"publish","type":"post","link":"https:\/\/businessfinancenews.com\/credit-cards\/ace-elite-visa-prepaid-debit-card\/","title":{"rendered":"ACE Elite Visa Prepaid Debit Card"},"content":{"rendered":"\n
Those seeking a prepaid debit card have many options available to them, and ACE Elite Visa Prepaid Debit card is one such option, although one that will involve an assortment of rates and fees. This prepaid debit card product offers tiered levels of fee-based services, for those seeking an alternative to traditional banks. However, the card comes with more than two dozen fees and may have limited use beyond the states where its parent company operates.<\/p>\n\n\n\n
ACE Cash Express primarily offers In 2014, ACE Cash Express (the parent company associated with the card) was fined by the Consumer Financial Protection Bureau for \u201cpushing payday borrowers into a cycle of debt\u201d through \u201cillegal debt collection tactics.\u201d While ACE Cash Express\u2019s headquarters aren\u2019t accredited by the Better Business Bureau, it does have an A+ rating from the Better Business Bureau. There have been 212 complaints closed in the past three years, and the parent company holds a 1 \u00bd star rating, as averaged by 16 customers.<\/p>\n\n\n\n Its reputation as a payday lender isn\u2019t stellar, but the prepaid card offering is a distinct product, so we\u2019ll focus on that in this review.<\/p>\n\n\n\n While the card isn\u2019t charging the same fees and interest rates as the ACE Cash Express locations, savvy debit-card shoppers may want to read the fine print very closely regarding fees, collections and other possibly unexpected charges.<\/p>\n\n\n\n Get early access to your paycheck with direct deposit<\/strong>. As is typical with prepaid cards these days, those who enroll in direct deposit have early access to their paycheck \u2013 up to two days faster \u2013 if your employer participates.<\/p>\n\n\n\n Interest-earning savings<\/strong>. The card has one genuinely useful feature. Cardholders can open a savings account with a fairly decent interest rate. Balances up to $1,000 can earn 5% interest per year, with no required minimum balance. So, if you stash $1000 into the account, you\u2019ll earn $50 after a year. Any amount after $1000 earns a less-impressive 0.50% interest per year, which is lower than what you can find at many online banks these days. One thing to note: this rate has not increased in the past year, although savings account interest rates overall have increased<\/a>.<\/p>\n\n\n\n Payback rewards<\/strong>. The Payback Rewards program offers discounts to various retailers and restaurants, which can result in a credit back to your ACE Elite cardholder account.<\/p>\n\n\n\n High load limits<\/strong>. You can load up to $15,000 on the card per 30-day period, or $7,500 per day.<\/p>\n\n\n\n No credit check required<\/strong>. The main selling point for prepaid debit cards like this one is they typically require no credit check. The Ace Elite Visa is no different.<\/p>\n\n\n\nAce Elite Visa Prepaid card features<\/h2>\n\n\n\n