Managing money has never been easier, and the Activo Bank Pre-paid Card is proof of that. With its modern features and flexibility, this card provides an innovative way for both kids and adults to stay on top of their expenses without the complications of traditional credit cards. For those seeking control over their budget while enjoying the perks of a digital experience, this card stands out as a smart solution.
Designed to combine practicality and security, the Activo Bank Pre-paid Card allows you to take full ownership of your financial habits. Whether you are traveling, shopping online, or teaching children financial responsibility, this card offers a seamless, safe, and convenient tool to handle money efficiently, all managed easily through the Activo Bank app.
Key information about the credit card
How does the annual fee work?
When analyzing any card, understanding its annual fee is crucial since it directly impacts whether the card is worth keeping long-term. For those seeking a low-cost option, the Activo Bank Pre-paid Card is an attractive choice because it avoids the traditional, heavy annual fees of conventional cards. However, while there is no provision fee to simply have the card, it does require a monthly maintenance cost of €3.99. This payment works as a subscription, being charged every 30 days to keep the card active and functional.
How is the credit limit determined?
For typical credit cards, the credit limit is assigned by the financial institution based on several factors, such as the applicant’s income, credit score, and overall financial profile. Secured cards or salary-deducted cards might also consider direct deposits or payroll links to define the limit. However, the Activo Bank Pre-paid Card operates entirely differently, as it is not a traditional credit product.
Advantages of the credit card
- Zero provision fee: You won’t need to pay any issuance fee to get your hands on this card, making the initial process cost-free.
- Complete spending control: Since you choose how much to load, managing your budget becomes easier and safer, ensuring you never spend more than you planned.
- International usage: The card works worldwide, allowing you to activate Activo Viagem and enjoy €0 fees on purchases and withdrawals in multiple countries.
- Digital integration: You can use the card digitally even before receiving the physical version, linking it to MB Way or other wallets for smooth transactions.
- Enhanced online security: Thanks to the 3D Secure system, every online transaction requires approval through the app, providing an extra layer of protection.
Standout advantage
What makes the Activo Bank Pre-paid Card truly shine is its Activo Viagem feature, which turns it into a perfect travel companion. With this service, you can enjoy zero fees on purchases and withdrawals worldwide, access discounts on mobile data while abroad, and even receive help with flight refund processes. This transforms the card from a basic budgeting tool into a comprehensive travel ally, helping you save money and stay connected wherever you are.
Disadvantages
- Monthly fee: Even though there is no provision fee, the €3.99 maintenance cost every 30 days might not appeal to those looking for a completely free option.
- International transaction fees: Purchases made in currencies outside of the euro, Swedish krona, and Romanian leu come with a 3.85% fee.
- No credit-building: Since it’s a prepaid card, using it won’t improve your credit score or contribute to building a financial history.
- Limited balance transfer options: Transferring the balance from the card back to your current account is not a standard feature.
A standout disadvantage
One significant downside is the 3.85% fee on international transactions in unsupported currencies. For travelers venturing beyond the Eurozone, this cost can add up quickly, eating into your budget and making the card less attractive for frequent use in countries with different currencies. This limitation is crucial for anyone considering this as their main card while abroad.
Who can apply for this card?
The Activo Bank Pre-paid Card is designed to be accessible to nearly everyone, regardless of credit history. There is no strict income requirement, and people with negative credit scores can still obtain it, as no credit check is involved due to its prepaid nature. However, applicants must be at least 18 years old and have an active Activo Bank account to apply.
Proof of identity is required during the application process, and all personal information must be valid and up-to-date. Unlike traditional credit cards, there is no need to provide income statements or tax returns, making it a straightforward and inclusive option for individuals seeking basic financial management without the hurdles of conventional credit products.
How to apply for the Activo Bank Pre-paid Card
For the website
To apply for the Activo Bank Pre-paid Card via the website, start by accessing the official Activo Bank page through your preferred browser. Once logged into your online banking account, locate the section dedicated to cards and select the option for the Pre-paid Card. The system will guide you through a simple application form where you’ll need to confirm your personal details, including your address and contact information.
Before submitting, make sure your Activo Bank account is properly funded to cover the initial monthly fee of €3.99. After completing the request, the bank will prepare your card, and you’ll receive it by mail in just a few business days. Meanwhile, the digital version becomes available immediately in your online account, ready for linking to your digital wallet or MB Way for instant use.
Through the app
Using the Activo Bank app, the process is just as intuitive and even more convenient. After logging in, navigate to the cards menu, where you’ll find the option to request a Pre-paid Card. The app will prompt you to check and update your personal information, ensuring everything is correct before proceeding. You’ll then review the card’s terms, accept the conditions, and confirm your order.
After completing this step, the digital card will be issued instantly, allowing you to add it to MB Way or make online purchases immediately. The physical card will follow shortly via mail, typically within a week. Throughout the process, the app provides notifications and updates, keeping you informed about the status of your request and card delivery.
At the branch
For those who prefer face-to-face service, visiting an Activo Bank branch is also an option. Upon arrival, a bank representative will assist you in opening your Pre-paid Card request. You’ll need to bring a valid identification document, such as a passport or national ID card, and confirm your Activo Bank account details.
The employee will walk you through the application form, making sure all the data is accurate. Once the request is processed, your card will be mailed to your address, and you can activate the digital version on the spot with the staff’s guidance
