The Best Ace Elite™ Visa® Prepaid Debit Card Review

The Best Ace Elite™ Visa® Prepaid Debit Card Review
Taylor Gordon
on March 18, 2020
Read in 1 min

The Ace Elite™ Visa® Prepaid Debit Card is a card that can help you manage money conveniently.

A prepaid debit card is one where you load money to it online or at a prepaid card loading location whenever you want.

The card is not attached to a checking or credit card account.

You can use the Ace Elite™ Visa® Prepaid Debit Card to pay your rent, bills, and more.

You can also make up to $100 in daily no-fee withdrawals at ACE Cash Express locations.

As an added benefit, there’s an optional savings account program.

You can earn 5.00% APY on your savings balance up to $1,000.

The balance over $1,000 earns 0.50% APY. This card also has a rewards program that may reward you for everyday spending.

Ace Elite™ Visa® Prepaid Debit Card Features

You can get the Ace Elite™ Visa® Prepaid Debit Card online or at an ACE Cash Express location.

After receiving the card, you need to activate it online or by calling in.

You can add money by setting up direct deposit or by visiting a NetSpend Reload location.

According to Ace Elite™, you may get access to your paycheck through ACH direct deposit up to two days earlier when you put it on this card.

Government benefits and tax refunds can also be added to your Ace Elite™ Visa® Prepaid Debit Card.

The Costs

This prepaid card has three pricing plan tiers:

ACE Elite™ Pay-As-You-Go Plan

  • Plan Fee – No monthly fee
  • Purchase transaction fee – $1.00 per transaction
  • PIN transaction fee – $2.00 per transaction
  • Foreign transaction surcharge – 3.5% of the U.S. dollar amount of the purchase transaction

Ace Elite FeeAdvantage™ Plan

  • Plan Fee – $9.95 per month
  • Purchase transaction fee – Included in the plan
  • PIN transaction fee – Included in the plan
  • Foreign transaction surcharge – 3.5% of the U.S. dollar amount of the purchase transaction

Ace Elite $5 FeeAdvantage™ Plan (Requires a monthly direct deposit of at least $500)

  • Plan Fee – $5.00 per month
  • Purchase transaction fee – Included in the plan
  • PIN transaction fee – Included in the plan
  • Foreign transaction surcharge – 3.5% of the U.S. dollar amount of the purchase transaction

Watch out for other fees. You may get charged $2.50 per withdrawal when you make over-the-counter withdrawals at a financial institution.

You can also get charged $2.50 per withdrawal at an ATM.

You can qualify for up to $100 in daily free withdrawals if you go to a specific location and deposit money into the account regularly.

Final Word

There are many fees to consider when you compare the Ace Elite™ Visa® Prepaid Debit Card vs. other checking account debit cards.

The perk of a prepaid card is you may be able to get faster access to your paycheck or tax refund.

But the monthly fee and/or transaction fees compared to a checking account can get quite expensive.

If you’re interested in the Ace Elite™ Visa® Prepaid Debit Card, get started at their website here.

Taylor Gordon Finance Journalist

Taylor K. Gordon is a personal finance writer and founder of Tay Talks Money, a frugal lifestyle blog on entrepreneurship and hacking your way to an abundant savings account.

Taylor has contributed to The Huffington Post, GoGirl Finance, Madame Noire, The Write Life, and more.