A Student-friendly CardThe Much Music prepaid credit card is aimed squarely at student aged consumers and does a great job for that market. Of all the many prepaid debit card offers available today, this is one of the very best for the money. It is accepted at any merchant that takes Master Card is has an edgy, hip look. The fee structure is very advantageous to the way that young people spend. With a low initial fee rate of just under thirty five dollars and a very reasonable five dollar reload fee, it is one of the least expensive prepaid debit cards available. Even more impressive (and thrifty) is the fact that there are NO fees assessed per use and no monthly fees at all. The Muchmusic prepaid credit card website offers a status check page that allows the applicant to check the status of their card after the application has been accepted. There is also a comparison chart showing the Muchmusic fees versus typical fees for other prepaid credit cards. Their low rates are very obvious in this chart. The company offers several advantages to students and to parents. Parents appreciate the fact that they can easily see where and when the funds are being spent. In addition, there is a limit to the spending, since it is technically a debit card, and spending can not exceed the balance. The card is available to students age thirteen and over and can be a really valuable tool in teaching kids about financial responsibility and budgeting. The card is protected by the master Card Zero Liability Policy, which is an important point (and one that many prepaid card companies do not offer). The Muchmusic prepaid credit card is good for two years. On the first day of year two, there is an extremely low service charge of nine dollars and nintey-five cents, which is deducted automatically from the balance of the card. The card is very easy to reload, with Internet, ATM, and online banking options available. This makes it a perfect system for parents who are transferring money to their college students, teens, and so on. There is a small charge for ATM cash back withdrawals (just a dollar!) and a small load charge (only a dollar and a half!), but the aforementioned free purchase transactions more than make up for those. Unlike many other cards, there is no restriction on load amounts. Other card services include online account access to track loads, spending, and balances, personal identification number change assistance (at a toll free number) and a comprehensive customer support network available online or by phone.
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