There is no such thing as a Wells Fargo prepaid credit card. There are Wells Fargo credit cards, and there’s a Wells Fargo prepaid card – but no combo of the two. The Wells Fargo EasyPay Card looks like a credit card and can be used almost anywhere that accepts credit cards. But EasyPay basically is a Visa debit card that isn’t linked to a checking account. It’s a prepaid card, so it has its own type of stand-alone account that users can load and then draw down and reload.
Since it’s not a credit card, the EasyPay card doesn’t report account info to the credit bureaus and won’t help you build credit. But you can use the card for free at more than 13,000 Wells Fargo ATMs to withdraw cash. The ATM allows you to transfer funds from a checking or savings account to reload the card, too. Other ways to reload your prepaid card include cash or check deposits at a Wells Fargo branch. You may also set up a direct deposit from an employer or benefits provider to the prepaid card.
The EasyPay card does come with a number of fees. There is a $2.50 fee if you use the card at an out-of-network ATM. A $3 fee applies if you withdraw cash at a non-Wells Fargo bank location. The EasyPay Card also has a $5 monthly fee, which is deducted from your card balance each month. Wells Fargo waives the fee for the first two months you have the card.
Wells Fargo does not currently offer a temporary credit card. Better known as virtual or disposable credit cards, they’re not actual credit cards, at least not literally. A temporary credit card is a randomly generated number you can use to protect your actual credit card information when you shop online. Capital One, Bank of America, and Citi are the only major issuers that offer temporary credit card services at this time.… read full answer
With a temporary credit card number, if there’s a breach at store where you shop, your permanent credit card account information won’t fall into the wrong hands. If a merchant has only your temporary credit card number, your risk of credit card fraud is drastically reduced, as the number can only be used one time.
Still, temporary credit cards are not perfect. If you book flights or rental cars with a temporary credit card number, you may run into difficulties if you’re required to confirm the card number later or show the card in person.
Wells Fargo does offer its own digital wallet service to protect your account and reduce credit card fraud. Digital wallets, however, are not the same as temporary credit cards. Instead of generating a temporary number, the digital wallet allows you to link your credit and debit card to the Wells Fargo app on your mobile phone. You can then use your phone a payment device. You’ll just tap your phone to make purchases without ever having to produce a physical debit or credit card.
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