Justin Bieber Enters the Prepaid Card Market - Promotions News


Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Promotions » Justin Bieber Enters the Prepaid Card Market

Justin Bieber Enters the Prepaid Card Market

The content is accurate at the time of publication and is subject to change.

The most recent celebrity to lend his face to a prepaid card, Justin Bieber, is doing more than just smiling for the camera. The 19-year-old singer is doling out financial wisdom to fans in his “Real Talk” series of videos, the first of which debuted this week.

Aired on YouTube and promoted via Bieber’s Facebook page, which boasts over 48 million followers, the spots encourage young people to be responsible with their money. “If you have a hundred dollars or a hundred million dollars, if you spend more than you have, you’re gonna go broke,” says Bieber in the first episode, which clocks in at less than one minute.

In it, he shares two lessons: number one, make a budget, and number two, “spend some, save some.” He also advises teens to discuss finances with their parents. “I’ll never forget the lessons I learned from my family, so I think that you should definitely have a talk with your family about money.”

Beware of prepaid card fees

One piece of advice he hasn’t shared yet though, is that teens may want to ask their parents about the fees that prepaid cards charge – especially the SpendSmart Prepaid MasterCard that Bieber endorses. Critics say that the card’s fees are higher than others, and teens can do better with other card options.

The SpendSmart card carries a monthly fee of $3.95, with a $1.50 charge for domestic ATM withdrawals and a $2.95 fee to load the card from a credit or debit card. After 30 days of inactivity, a $3.00 charge will be levied against the card’s balance. And although getting the initial card is free, there is a $7.95 charge for replacement cards.

The fees are on par with teen-targeted MYPLASH, a prepaid card which also charges $3.95 per month for card loads. ATM withdrawals are $1.50. But there are also several prepaid options that don’t charge a monthly fee, including Bluebird and Serve from American Express.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

RushCard Live AvailableThrough Green Dot Distribution
RushCard Live AvailableThrough Green Dot Distribution

Posted: April 10, 2013

The RushCard Live Reloadable Prepaid Visa Card will be available at Green Dot merchants later this month. The new prepaid card from music mogul and entrepreneur Russell Simmons will also offer free ATM transactions. Continue reading

Warner Bros. Partners with MYPLASH Prepaid Cards
Warner Bros. Partners with MYPLASH Prepaid Cards

Posted: April 15, 2013

MYPLASH prepaid cards have teamed up with Warner Bros. to offer cards featuring characters like Batman, Gossip Girl, Tweety Bird and more. Continue reading

Free Cash Loading for AmEx Serve
Free Cash Loading for AmEx Serve

Posted: October 09, 2013

American Express Serve customers will be able to add money to their accounts for free starting in November. A partnership with InComm and the Vanilla Reload Network will allow Serve account holders to add cash to their prepaid accounts at… Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
For Excellent, Good Credit
Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!