Ace Elite Visa Prepaid Debit Card review August 2019 | finder.com

Ace Elite Visa Prepaid Debit Card review

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ACE Elite Visa Prepaid Debit Card (Monthly Plan)
  • No-Fee Cash Withdrawals at ACE.
  • Get Paid up to 2 Days Faster3 with Direct Deposit.
  • Use everywhere Visa debit cards are accepted.

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Compare prepaid cards like ACE Elite Visa Prepaid Debit Card (Monthly Plan).

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Earn rewards on purchases, but be careful of fees that can eat into your cash back.

  • Get this card if you want to earn rewards on everyday purchases.
  • Get another card if you don’t want to pay a monthly or per-purchase transaction fee.
Card typeDebit
Card networkVisa
Monthly fee$0
Signature transaction fee$1
PIN transaction fee$2
Card typeDebit
Card networkVisa
Monthly fee$9.95
Monthly fee with a direct deposit$5
Signature transaction fee$0
PIN transaction fee$0

What you’ll like

If you’re looking for a prepaid card to use regularly and receive direct deposit on, you may find the features that the Ace Elite Visa Prepaid Card offers to be enticing.

  • Account alerts. Sign up for various alerts to find out when your balance gets low or a transaction is made.
  • Cash rewards. Ace Elite has special offers available that let you earn cash back on store and restaurant purchases.
  • Direct deposit. Your paycheck or government benefits are likely eligible for direct deposit, and can potentially be accessed up to two days early.
  • No-fee withdrawal options. You’re eligible for up to $100 per day in fee-free withdrawals when made at Ace locations.
  • No overdrafts, plus a cushion. Though there’s a no-overdraft feature for purchases, certain transactions and fees can cause a negative balance. Ace may provide up to $10 in overdraft forgiveness per month if you have at least $500 in direct deposits.
  • Mobile app. Check your balance, find nearby reload spots and view your transactions on the go.
  • Savings account. You can take advantage of an optional savings account with a 5% APY on the first $1,000 of your balance and a 0.50% APY on anything more.

What to watch out for

While the Ace Elite Visa Prepaid Debit Card has some stellar features, it has its potential drawbacks:

  • Unavoidable monthly fees. This card has a $2 per PIN transaction fee or a flat fee of $9.95 per month that can be reduced to $5 each month you direct deposit at least $500.
  • Direct deposit required for fee-free withdrawals. Though there isn’t a minimum amount, you must have direct deposit to take advantage of the free withdrawals at Ace locations.
  • Customer service can cost. While calling customer service on its own won’t garner a fee, completing an account-to-account transfer will.
  • Fees can add up. In the case of foreign transaction fees, the base surcharge stacks with any other applicable fees, including those for purchase transactions and withdrawals.
  • Several more fees. A host of fees on everyday transactions may eat into your cash if you’re not careful. See the table below for details.

Ace Elite Visa Prepaid Debit Card fees

Monthly plan$9.95
Reduced monthly plan$5
Pay-as-you-go plan transaction fee (signature)$1
Pay-as-you-go plan transaction fee (PIN)$2
ATM balance inquiry$0.50
Over-the-counter (OTC) withdrawal at a financial institution$2.50
OTC withdrawal at a Netspend reload locationUp to 2.75% of the withdrawal amount or $4, whichever is greater
ATM withdrawal fee$2.50
Cash reload at a Netspend reload locationUp to $3.95
Mobile check load fee (expedited)2% of the check amount or $5, whichever is greater
Account-to-account transfer via customer service$4.95
Foreign transaction3.5% of the amount
Foreign ATM withdrawal$4.95, plus the foreign transaction fee
ATM transaction decline$1
Preauthorized payment decline$1
Additional card$3.95
Replacement card$3.95
Custom card$4.95
Card delivery (3-day expedited)$20
Card delivery (1–2-day expedited)$25
More than one written transaction history per month$5.95
Stop payment$10
Check request$5.95
Inactivity$5.95

Compare with other prepaid cards

Compare the Ace Elite Visa Prepaid Debit Cards against other similar providers to find a card that fits your spending habits.

Name Product Signature transaction fee PIN transaction fee Monthly fee
$0
$0
$9.95 per month (or $0 with a $1,000+ direct deposit)
Customize your Visa prepaid card to fit you, and pick from two plans to fit your budget.
$0
$0
$9.95 per month (or $5 with a $500+ direct deposit)
Trusted by more than 7 million people.
$0
$0
$4.95
Earn rewards towards free groceries and fuel savings. Choose between a Visa or Mastercard prepaid card. Plus, get a $10 bonus added to your reloadable card when you sign up for free direct deposit.
$0
$0
$4.99
ECARD is built on a powerful SmartWallet concept that focuses on four major features: simple application, travel power, member-friendly rewards and cross-border payment card solutions.
$0
$0
$7.95 per month (or $5.95 with a $1+ direct deposit)
The Sequin KLS Prepaid Visa RushCard can add some glitz and fun to your wallet. Aiming to help improve your financial future.
$0
$0
$9.95
The AccountNow Gold Visa Prepaid Card is a debit card that allows cardholders the convenience of direct deposit without having to open a checking account.
$1
$1
$0
The AccountNow Prepaid Visa Card gives you quick access to your money, and is a convenient alternative to traditional bank accounts.
$1
$1
$0
The 24k Prepaid Visa RushCard offers online and in-store purchasing without a credit check.
$1
$2
$0
With Netspend, you get a convenient way to manage your money on a prepaid card that is packed with features.

Compare up to 4 providers

How do I get the Ace Elite Visa Prepaid Card?

Apply online or at an Ace location. To request your card online, follow these steps:

  1. Go to the Ace Cash Express website
  2. Select Prepaid cards
  3. Click Get started
  4. Enter the requested information
  5. Choose your card design
  6. Click Get a card.
  7. Select a username, password and security question
  8. Click Create a profile

Eligibility

To sign up for the Ace Elite Visa Prepaid Card, you must:

  • Be at least 18 years old
  • Have a verifiable address

Required information

Upon signing up, you’ll be required to provide your:

  • Full name.
  • Residential address.

Ace Elite will confirm this information, then ask for your:

  • Date of birth and Social Security number.
  • State or federal ID, such as a driver’s license or passport.

Funding options

  • Reload at a Netspend location
  • Direct deposit
  • Money transfer from a bank, another cardholder or another card account
  • Mobile check deposit

I got the card. Now what?

To make the most of your card:

  • Figure out the best plan. If you’re planning on using your card for direct deposits of $500 or more and spending from it regularly, you may want to choose the flat-rate $5 per month plan. Without meeting the direct deposit minimum, it’ll run you $9.95 per month or up to $2 per transaction.
  • Sign up for direct deposit. Get your card information and sign up to receive your paycheck or government benefits.
  • Check your special offers. Each month, you’ll receive cashback offers that are based on how you normally spend. The cash back is then credited to your account.
  • Get in touch with customer service. Direct any account-specific questions to the customer service team by calling 866-387-7363.

Bottom line

Cashback rewards make for an enticing offer, but the Ace Elite Visa Prepaid Debit Card is tempered by its fees — both unavoidable and those you may be able to skirt. Check out other prepaid cards if you’re uncertain it’s the right card for you.

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