Brinks Prepaid Mastercard gives you the peace of mind you deserve while keeping your money safe. You might be wondering how this happened. Let us get into the article to find out more about Brinks prepaid mastercard and how it works. This article has all the details you need to know.
How does the Brinks prepaid Mastercard work?
Brink’s Prepaid MasterCard helps you focus on what matters most in your life. Here’s how it works:
Order icon
When ordering a card, please provide your name and mailing address. and your email address You will receive your card in the mail within 7-10 business days (Vermont residents are not eligible to open a card account).
Activate icon
When your card arrives in the mail Activate your card. and confirm your identity1 with name, address, date of birth and national identification number Call the automated toll-free number 1 (877) 788-9067 or click the link below and activate online.
Fund icon
Add money to your card account
Here’s how to add money to your card account once you’ve activated your card and verified your identity.1
Enroll in Direct Deposit to have your salary or government benefits credited to your card account.
Transfer money2 to and from other Brink cardholders.
Highlights of the Brinks Prepaid Mastercard
- Brink’s gives you the peace of mind you deserve. Keeping cash and valuables safe since 1859.
- With Brink’s direct deposit, you’ll get your money faster than a paper check.
- There are no late fees or interest because it’s not a credit card.
- Use the Brink’s Prepaid mobile app to manage your card account on the go and sign up to receive text or email alerts. (Message and data charges may apply)
- Card activation and identity verification required. Terms and fees apply. Card issued by Republic Bank & Trust Company, Member FDIC.
Brinks Prepaid Mastercard Tax Refund
Get your tax refund: Faster than a paper check when you E-File and use direct deposit.
Here’s how to get your tax refund directly to Brink’s Money Prepaid Mastercard.
Best Prepaid Mastercard for Flexibility
Rewards Rate: 1X points on signature purchase transactions. Additional points on select limited time merchant offers.
Monthly fee: $0 to $9.95 (depending on plan option)
Card purchase fee: $0
Purchase transaction fee: $0 to $1.50 (signature and PIN)
Over-the-counter cash withdrawal fee: $3 (at network reload locations: 2.75 percent, with a $4 minimum)
ATM cash withdrawal fee: $2.50 per transaction (50 cents for ATM balance inquiries)
Card top-up fee: up to $3.95
Early direct deposit? Yes (up to two days before payday)
Include additional savings accounts? Yes (5 percent APY on balances up to $1,000)
If you decide that a prepaid credit card is the perfect payment option, But you might not use it often enough to afford the monthly fee, then Brink’s Prepaid Mastercard and its “pay-as-you-go” plans might be a perfect fit.
The Brink Prepaid Card is issued by Netspend and has a nearly identical structure to the Netspend® Visa® Prepaid Card, down to most rewards, fees, and benefits.
However, Visa cards tend to offer more basic card benefits than Mastercard credit cards, and Brinks Prepaid doesn’t have Netspend’s virtual card number and additional savings account banking options.
Brink’s prepaid Mastercard is a good option, though. But you can find better rewards and fewer fees with other prepaid credit or debit cards.
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Brinks Prepaid MasterCard Rewards
The Brink Prepaid MasterCard offers the same opt-in payback points rewards program as other Netspend prepaid cards, but Brink’s program is called Brink Payback Points.
Redemption options can be valuable. But the value of points and the chances of winning more lucrative prizes are somewhat murky. unless you already have an account
Get rewards
You earn 1 payback point per dollar from signature purchase transactions (just select “Credit” on the keypad at checkout) minus your purchase fee.
However, you may receive bonus points at a higher rate. If you take advantage of additional limited-time store-only offers in your online account center
Luckily, these rewards opportunities can be easily adjusted to match your regular spending. This is because they will be tailored specifically to your purchase. These additional offers are similar to rewards programs associated with the card, such as Amex offers or Chase offers.
In addition to spending via card Your biggest chance to win is an unlimited $20 referral bonus if your referrer funds the card at least $40.
Redemption
Points can be redeemed for cashback in the form of account credit. But you must log into your online account center or mobile app to see your other reward options.
Fee waivers and offers for merchants have also existed in the past. So please check your account periodically for valuable opportunities.
How much are points worth?
This is because the terms of the Payback Points program are a bit vague. Therefore, it is difficult to tell the exact value of points. When it comes to rewards cards that focus on cash back on everyday purchases, You usually want your points worth at least 1 cent each to earn 1 percent back.
It might be worth considering another prepaid credit card that offers more straightforward redemption options, such as cash back. For example, the American Express Serve® Cash Back Prepaid Card earns unlimited 1 percent cash back on All purchases in exchange for a monthly fee of $7.95.
Benefits of Brinks Prepaid MasterCard
Surprisingly for a security brand, Brink’s card doesn’t offer any of the additional account security features you’ll find with its Netspend cousin. No Netspend virtual card number benefits for safer online shopping.
This is something to consider because prepaid cards are not as federally protected as debit and credit cards.
As a standard MasterCard, Brink’s card offers $0 liability for unauthorized purchases and other fraud detection services, but rival Visa has a slight edge with additional benefits like exemption waiver coverage. Car rental collision and pay-as-you-go curbside delivery.
However, the card offers two-day direct deposit and a decent portfolio of useful Netspend benefits. If you are a Brink Preferred Benefits cardholder (load at least $500 in qualifying direct deposits in one month to be eligible)
$10 Purchase Cushion: Prepaid cards work just like debit cards. You cannot spend more than the remaining balance on the card.
But if you’re a Brink’s Preferred Benefits cardholder, the issuer may give you a negative balance of up to $10 as a courtesy. It offers some wiggle room if you find yourself in a difficult situation.
Optional Savings Account (up to 5.00 percent APY): Brink Preferred Benefit members may elect to open an optional FDIC-insured savings account with Republic Bank & Trust Company.
This account earns a high APY of 5.00 percent, but has a balance of only $1,000 (variable interest rate 4.91 percent). What’s more, the APY drops to 0.50 percent (variable interest rate 0.49 percent), which isn’t a bad rate considering Current Average APY
Personal Prescription Discount: You can get up to 50 percent off prescriptions from major pharmacies with a printable discount card. If you choose to participate in the medical discount plan provider locator service that comes with your card.
Brinks Prepaid Mastercard Rates and Fees
In terms of rates and fees, Brink’s Prepaid Mastercard is nearly identical to the Netspend Prepaid Visa if you choose the pay-as-you-go plan. Regulating without fees will be difficult.
Each purchase costs $1.50, but the $9.95 monthly plan might save you money. It depends on how often you will use the card.
The best course of action is to accept a reduced monthly plan as a Brink’s Preferred Benefit member, which requires a qualifying direct deposit of $500 each month. This brings your monthly plan down to $5, a fee similar to other prepaid cards.
Unfortunately, your balance will get bitten by the fees that often come with prepaid cards. There is no advance ticket purchase fee. But you’ll have to pay up to $3.95 to reload the cash balance on your card.
You’ll also get a $3 over-the-counter (OTC) withdrawal fee at financial institutions like banks or a 2.75 percent fee on all withdrawals at in-network reload locations (or $4, whichever). will be more) Domestic ATMs charge only a $2.50 withdrawal fee.
It’s hard to avoid these fees. That’s especially true when considering a list of situational charges, such as a 4 percent foreign transaction fee, a $5.95 90-day inactivity fee, and even a $4.95 fee for a custom image on your card.
Other options may be cheaper. Unless you specifically use a prepaid card.
Bankrate’s Take – Is the Brink’s Prepaid Card Worth It?
Brink’s Prepaid MasterCard is a solid prepaid credit card that offers a bit more flexibility than some competitors with a pay-as-you-go plan and a negative $10 balance reduction.
However, the rewards program is confusing. And like most other prepaid cards, there’s a trap for reaping a few fees. Because of this, your money might go a little further with a debit or credit card.
Pros and Cons of the Brinks Prepaid Mastercard
Brinks Prepaid Master Cards have pros and cons that you may want to know before starting a membership with them.
strength
Continuous returns
More than 130,000 locations in the Netspend reload network.
Pay-as-you-go plans provide flexibility with individual purchase fees instead of monthly fees.
Share valuable Netspend benefits like a $10 cushion.
weakness
The long list of fees makes pay-as-you-go expensive.
It’s almost like the Netspend Visa prepaid card.
It doesn’t build credit and there are no additional security measures with Brink’s.
After reading all this detailed information. You may have asked yourself a question and decided to subscribe.
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