By : Mr Credit Card

Motherlove Prepaid Mastercard Review

Summary - The Mother Love Prepaid MasterCard is a prepaid credit card issued by BankFirst. This card will appeal to those who want a prepaid credit card with a cash rebate program.

Cost and Fees - Like most prepaid credit cards, the Motherlove Prepaid Mastercard charges a one-time application and fee and processing fee when you apply. The one-time application fee is $59.95, which is non-refundable. You also have to pay a one-time processing fee of $90.00. You will also have to load your card with $10.00 (as an initial first load). Hence, in total, you will pay $159.95 upfront when you get your card. This charge will be debited from your bank account. There is a monthly fee of $5.95.

AmeriDollars Cash Back Program - The Motherlove Prepaid Mastercard allows cardholders to register for free in the AmeriDollars cash back program. Under this program, you can get cash rebates from purchases made at partner merchants of the AmeriDollars. Rebates can go as high as 10% depending on the merchant. This program is actually quite good. Read our review of the AmeriDollars Cash Rebate Program.

Conclusions - The Mother Love Prepaid MasterCard will appeal to those with wants to get a prepaid credit card with a cash back program. The cash back program has quite a few very good partners and you can earn rebates as high as 10%. However, because this is a prepaid credit card, your card activities and payments are not reported to any credit bureaus. Hence, if you need to build or rebuild your credit history with a credit card, this card is not for you.

Positives

• No credit checks
• No employment checks
• Good cash rebate program


Negatives

• Various application fees and transaction fees (which are common in prepaid credit cards).