Visa Prepaid Card from Wal-Mart

As previously discussed in another article entitled, Credit Debt Pitfalls, not even prepaid cards are exempt from their hidden fees and pitfalls.  Here is a simple breakdown of the Visa Prepaid Card from Wal-Mart.

• Monthly Fee:  $4.95
• Loading Fee/Re-Loading Fee:  $4.95
• ATM Withdrawal Fee:  $1.95
• Cash Advance Fee:  $4.00
• ATM Balance Inquiry:  $0.50
• ATM Declined Withdrawal Fee:  $0.50
• Stolen Card Replacement Fee:  $10.00
• Customer Service Fee:  $3.50
• Statement Fee:  $2.00
• Automated Phone System Fee:  $0.75
• Phone Operator Fee:  $0.41 per minute, up to $1.00

Don’t say that I didn’t warn you.  Now you have been alerted to the excessive costs with using a Visa Prepaid Card from Wal-Mart.