Eufora Preferred Credit Builder Prepaid MasterCard Review

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Eufora Preferred Credit Builder Prepaid MasterCard Star Rating

Personal finance and building our credit scores sounded like a good idea, so Star Reviews looked at the Eufora Preferred Credit Builder Prepaid MasterCard. Ok, so prepaid credit cards aren’t groundbreaking in their features and reputations, but some deserve a second look. We thought the Eufora website interface was not only pleasing on the eyes while staying simple, there are also some great benefits in holding their card. See what we ran into below.

About Eufora Preferred Credit Builder Prepaid MasterCard:
The Eufora Preferred Credit Builder Prepaid MasterCard is a prepaid credit card issued by Bankfirst. Many of the prepaid credit cards on the market can't help you rebuild credit because they don't report to the credit bureaus. The Eufora Preferred Credit Builder Prepaid MasterCard, however, does, and is a useful tool in re-establishing a solid credit history.

The amount of money you can spend with the card is determined by the amount you deposit into it. If you deposit $10 into your account, you are able to spend $10 with the card. If you deposit $5,000, you can spend $5,000. Once the funds you have deposited are spent, you need to make another deposit in order to continue using the card.

Another unique feature of the Eufora Preferred Credit Builder Prepaid MasterCard is that it offers cardholders the opportunity to earn extra money. For every new cardholder that an existing cardholder refers, they earn a certain amount of cash (which varies depending on the type of account you have and the type of account the new cardholder opens). This is a definite perk, as earning money is on most of our minds.

Navigating the Eufora Preferred Credit Builder Prepaid MasterCard website:
The website for the Eufora Preferred Credit Builder Prepaid MasterCard was very user-friendly. The application is easy to understand and takes very little time to complete and submit. Access to the card's terms, fees and disclosures were also easy to locate without having to go through the entire application to find out what it was you were agreeing to. Customer support is also readily available, which our team always admires.

Star Reviews' Favorite Feature:
Eufora Preferred Credit Builder Prepaid MasterCard reports account activity to two of the credit bureaus, which is a huge plus since many of the prepaid credit cards on the market do not report account activity at all. That way, you can establish credit while remaining a prepaid card holder.

Eufora Preferred Credit Builder Prepaid MasterCard Features:

Online account access.
A free entry into a monthly drawing for a free car for every $100 spent on the card.
No liability for unauthorized transactions.
Lost and stolen card reporting.
Purchase protection.
Identity theft insurance.
Auto rental insurance.
Up to $100,000 in travel accident insurance.
Access to Eufora Credit Builder to report monthly installment loan payment history to credit bureaus for an additional monthly fee of $6.65 ($79.80 annually).

Introductory Offers:

No introductory offers available.

Standard Terms:

$59.95 annual fee.
$6.95 monthly fee for the first year.
0% APR
Additional cardholders are $9.95 each.
Minimum deposit/credit limit is $10, maximum is $5,000.
Over-the-limit fee is $29.
$2 ATM transaction fees.
$0 application fee.
$0 processing fee.
$2 monthly inactive fee after 90 days of no account activity.
$1 reload fee with an additional $5.95 for reloads done through retail locations and an additional $13 for reloads done through bank wire transfers. Reloads by direct deposit, however, are free.

Customer Support:
The Eufora Preferred Credit Builder Prepaid MasterCard offers customer support via an online help database with answers to many frequently asked questions. The card also offers support via a toll-free phone number and an online inquiry form.

When we called Eufora's support line, we were able to speak with a very helpful service representative within just a few minutes. Surprisingly, the phone system did not make us jump through a bunch of hoops to speak with a live person. The service rep was able to answer our questions quickly and thoroughly.

Email support was also impressive. We received a response to our inquiry within less than an hour of submitting the form. The email response was very professional and completely addressed the question we had asked. Their customer support experience is definitely one of the best we’ve seen when conducting our prepaid credit card reviews.

Upside:
Great opportunity to re-establish credit, competitive fees, added perks (such as purchase protection and travel insurance) not usually associated with prepaid credit cards.

Downside:
The card does say "debit" so merchants will know it's a debit card.

Eufora Preferred Credit Builder Prepaid MasterCard Summary:
We must applaud the Eufora Preferred Credit Builder Prepaid MasterCard for offering cardholders some unique benefits while still building them credit with the bureaus. We liked how purchase protection and travel insurance were offered, which isn’t always the case with prepaid credit cards. There is a $59.95 annual fee and $6.95 monthly participation fee, but the lack of a pricey processing fee wins them major points from our team. With a visually appealing website interface and painless credit application process, it’s hard to beat this prepaid card. Wait, add their stellar telephone and email support on top of a comprehensive FAQs section and you’ve found yourself one good prepaid credit card choice.

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