- Number of Fees: Looking at other prepaid cards, all you see is fee after fee after fee, and if you’ve ever tried to pick a prepaid card to open, you know this makes it so annoying to predict a card’s cost and judge whether it will be more or less expensive than another one. I don’t mean to say that the Chase Liquid Card is perfect, it’s got fees, but it doesn’t have as many as say the Approved Card from Suze Orman.
- Overall cost: The Chase Liquid Prepaid Card can be as cheap as $4.95/mo. which puts it in the upper echelon of prepaid cards, and potentially even less expensive than the GreenDot Visa for some people.
- Free live customer service might not seem like a pro since it should be standard but a lot of prepaid cards charge for it.
- Name: I’m sure a lot of people will be more comfortable using a prepaid card from a name bank like Chase instead of one called BabyPhat, Mango, etc.
- Overall cost: This is both a pro and a con since the GreenDot Card can be free for some of ya’ll.
- The GreenDot Card gives you a chance to avoid a monthly fee by loading a certain amout, but the Liquid Card doesn’t, which seems like a shame to me. There’s a cap to how good this offer can be.
- Potential for high ATM fees: If you don’t live near a Chase ATM, you’ll have to choose between what’s most convenience and what’s cheapest, and when things get buys most of us choose convenience.
When you got down to it, the prepaid card market just got a bit better today with Chase’s introduction of its new prepaid card, the Liquid Card. Its one of the better offers available, in my opinion, and I recommend it if you don’t live near a GreenDot ATM or don’t want to keep that much money in your new-era checking account, i.e. your prepaid card account.… show more