If you do not enjoy all the problems of credit card such as: annual, balance transfer and foreign transaction fees, identity theft and fraud, you can go for this card. Also, certain credit cards come with very high Annual Percentage Rates. To avoid all those problems, many simply choose to use a prepaid card. Do you need a prepaid card to get your paycheck through direct deposit from your employer? If your answer is yes, then the bank of America CashPay Visa Prepaid card is the best option for you.
This pay card is cheaper and more convenient to use. You can access this card at https://prepaid.bankofamerica.com/cashpay/home/index. To use the website is free and you can access it from whatever location you are as long as you have an internet connection in your device. The website is open 24/7. Once you create a User ID and Password, you can access your account.
Moreover, as a card holder you are free to access your account and view your monthly, weekly and daily spending set by the company administrator. Employees can as well view merchants whom they can make purchases from. They can as well access more information from their accounts. The Bank of America CashPay Card is perfectly ideal for employees who do not want to use credit cards. As a prepaid card, you spend what you have loaded in it. There is nothing like credit card payment or payment due date. Once the money in it finish, you cannot make purchases at all until you fund your card again.
With the Bank of America CashPay Card, employees can save money since they do not need to pay any fees to get their paycheck cashed at a check cashing store. To start accessing your Bank of America CashPay Card online, go to https://prepaid.bankofamerica.com/cashpay/home/index. As a first time user, activate your paycard and sign on to your account to view your transactions and deposits. You can also pay for transactions and purchases, monitor your spending and as well perform other transactions.
Furthermore, there are certain features in the account that will help you to manage your account and funds properly. The website has alert features to help you by sending you your balance, deposits and other details through text messages or email.
This card has a Visa logo and you can use it anywhere the logo is acceptable whether online or at shopping malls. Getting this and is very easy as it does not demand any credit check or credit limit. It is a Reloadable Prepaid card meaning that customers only use the money they load in it. It is important to know that using this card does to improve or reduce your credit score.