IMPACT PrePaid Visa® Card

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Apply for IMPACT PrePaid Visa® Card
Issuer: Four Oaks Bank
Credit Card Type: Bad Credit Credit Cards
APR: None
Introductory APR: None
Introductory Period: None
Intro APR applied to: None
Cash Advance APR: None
Annual Fee: None
Grace Period: n/app
Card Status: Standard
Credit Rating: None or Poor Credit
Full Terms and Conditions: Click Here
  • No Credit Checks
  • No Turndowns*
  • No Annual Fees
  • No Security Deposit


Minimum Deposit$25
Maximum Deposit$1,500
Application Fee$149.95*** ($90 + $59.95)
Participation Fee$47.40 ($3.95 monthly)****
Reload Fee$1
Inactive Fee$10
Total First Year Fees$197.35***


Best Card FeatureNo credit checks; no annual fee.
Worst Card FeatureApplication fee; does not report to the credit bureaus unless participating in the CreditBuilder program; monthly maintenance fee.
Card ReviewThe IMPACT Pre-Paid Visa® Card, issued by Four Oaks Bank & Trust Company, is a stored value card designed for those who may have difficulty in obtaining a standard unsecured credit card. The card does require a banking account to be opened when applying online or a security deposit to be made through the mail as well as payments made in advance, which are then used to offset future purchases made with the card. Advance payments can be funded directly from the cardholder’s paycheck and are automatically loaded to the card every pay period. The card can also be loaded with another credit card, via mail, or by making a cash deposit using the approved deposit slip at selected banking locations. Each time the card is loaded, a fee is applied to the account. There is no interest applied on the account, no annual fee, or other similar charges found with most unsecured credit cards. There is an application fee of $59.95 and a processing fee of $90; however, if the cardholder activates the card within 30 days of it being issued, a special bonus rebate of $10.00 will be credited to the cardholder's account. There is also a monthly participation fee of $3.95 that amounts to $47.40 annually. The total amount of basic fees that the cardholder will pay annually is $197.35. There are fewer qualifications required compared to other unsecured credit cards, such as a no credit check policy and no bank account requirement. A verifiable address in the United States is a necessity. For those who wish to establish or rebuild their credit, the card offers a service called “Credit Builder”, which reports to a credit bureau. The service is provided for a $29.95 monthly fee; however, a $10 spending rebate is issued to the account each month that can be applied towards purchases. This essentially makes the monthly payments for the first year only $19.95. Therefore, those who are looking for a stored value card with flexibility to pay in advance for purchases, do not mind paying upfront fees, and would like the option to participate in a credit building program, may find the IMPACT Pre-Paid Visa® Card to be a beneficial option.
Date Updated2005-02-07 00:00:00

Lowest Fixed APR Rate: 5.50%

Lowest Variable ARR Rate: 8.49%

Total Credit Cards in Database: 102