Netspend MLB Prepaid Mastercard Review
Netspend has partnered with Major League Baseball to create a reloadable low-cost prepaid debit card. The card comes with the benefits and features offered by Netspend. These features can help you manage your finances, while supporting your favorite team.
How does the Netspend® MLB® Prepaid Mastercard® work?
The Netspend® Prepaid Mastercard®, Proud Partner of MLB is a reloadable prepaid debit card. Once the card has been funded, the card can be used anywhere that accepts a Debit Mastercard. There are many to add money to the card account:
- Direct Deposit your paycheck, or a government benefits check (includes tax refund)
- You can add cash to your account from over 130,000 of the Netspend reload sites
- Transfer money from your Paypal account
- Transfer money from your bank account
- Move money between Netspend cards
Once the account has funds, the prepaid card can be used anywhere that accepts debit Mastercard, including online.
The Batter Up $5K Sweepstakes: As long as your Netspend account is in good standing, you can enroll in this sweepstake. Once you complete a purchase of an item worth $5 or more using your card, you will automatically earn 1 entry into the monthly drawing. The Batter Up $5K Sweepstakes is from 04/01/2021 until 09/30/2021. Each month 1 winner will receive $5,000 into their Netspend® Prepaid Mastercard®, Proud Partner of MLB account. You can also enter by mail if you do not have the card.
Direct Deposit: This feature allows you to refill your account by depositing your paycheck, tax refund, or even a government benefits check. To do so is free, and allows you to receive your deposit up to 2 days faster.
Anytime Alerts: Receive text message alerts that will notify you about activity on your account such as:
- Declined transactions
- Received deposits
- Individual transaction details
- Budget notifications
Online Account Center: With the Netspend website, you can see all of your transactions, set up direct deposit, and activate Netspend Payback Rewards.
Reload Locations: With over 130,000 retail locations nationwide, this feature gives you practically unlimited accessibility to load cash onto your card.
Reduced Monthly Plan: When you deposit an amount of $500 or more from your paycheck or government benefits, you will only pay $5 per month instead of $9.95 per month for the Premier Plan (see below).
Earn Payback Points: Earn cash back as well as merchant offers when making signature transactions with your card. This allows cardholders to earn one (1) point per dollar spent for each signature transaction.
Mobile App: The Netspend Mobile App helps you manage your money on the go. With this service you can view any of your balances and transaction history, send money to individuals, relocate your money to or from your Savings Account, load checks via photograph, or help you find the nearest reload location.
$10 Purchase Cushion: If you have a purchase that exceeds your current account balance, this feature (on approved transactions), could allow you to create a negative $10 balance on your account. Keep in mind though that this is not an extension of credit nor is it guaranteed.
Pick a Card: When ordering your Netspend MLB Prepaid Mastercard, you get the choice of picking from any of the 30 MLB teams, as well as the MLB logo. These team logos will be the design on your selected debit card.
Rewards & Benefits
Savings Account: Cardholders can also be eligible for the Savings Account feature. Though optional, this account will help you grow and save your money. With up to a 5.00% APY, there is no minimum balance required to open an account, and with the Savings Account funds being withdrawn from the Card Account, the Card Account transaction fees could possibly reduce the interest that is earned on the Savings Account. Keep in mind though that there is a maximum of 6 of these transfers monthly.
Virtual Account: If you prefer shopping online, or making payments over the phone, you can create up to 6 virtual card numbers. After you have completed a transaction you can re-enter your card account, and then cancel that card number. This ensures that the card number can’t be used again if it gets stolen.
Refer A Friend: With the Refer A Friend feature, you could receive a $20 credit. For every person referred, you can both receive a $20 credit as long as the referred card holder orders the Netspend MLB Prepaid Mastercard, and adds a minimum of $40 to their new card account via cash or through direct deposit.
|Fee||Pay-As-You-Go Plan||Monthly Plan||Premier|
|ATM Withdrawal Fee||$2.50||$2.50||$2.50|
|ATM Balance Inquiry Fee||$.50||$.50||$.50|
|Cash Reload Fee||$3.95||$3.95||$3.95|
|Direct Deposit Fee||$0.00||$0.00||$0.00|
|Daily ATM Limit||$940|
|Daily Cash Load Limit||$940|
Who is the card best for?
The Netspend® MLB® Prepaid Mastercard® is good for anyone who is looking for a low-cost prepaid debit card with benefits such as:
- An alternative to a checking account without overdraft fees
- A convenient way to budget your money
- The ability to get your paycheck or any government benefits 2 days faster
Who might do better with a different card?
No, because the Netspend® MLB® Prepaid Mastercard® is a debit card, not a credit card.
Yes. There are limits that can affect how much money can be withdrawn or loaded onto your card account. This varies though by the type of transaction.
A complete list of acceptable direct deposit government payments are the following:
Supplemental Security Income (SSI)
Pension and other regular payments
Railroad Retirement Benefits (RRB)
Social Security Disability Act (SSDI)
State unemployment benefits (these vary from state to state)
Veterans Administration Compensation and Pension
Defense Finance and Accounting Service Payments (DFAS)
Social Security Payments
Keep in mind that any government check you wish to transfer into your card account must be deposited in full.
Yes. Your card is accepted anywhere that accepts Debit Mastercard®.