Coopera Card Ranks 5th on NerdWallet.com

Posted by AnnaPeña on October 16, 2012

The Coopera Prepaid Reloadable Visa® Card has been ranked by NerdWallet.com as one of the most affordable, cost-effective prepaid cards available to consumers. The online financial planning resource’s ranking is based on the Coopera Card’s low fees as compared to more than 70 other prepaid card options on the market, including two competing prepaid card products also specifically targeted to Hispanic cardholders.

The Coopera Card is also the only prepaid reloadable card in NerdWallet.com’s top five ranking that was specifically designed for the Hispanic cardholder and provides a seamless cardholder experience in the language of choice of the Hispanic cardholder.

Because no two prepaid card products are exactly the same, especially when it comes to fees, like monthly, ATM or transaction fees, NerdWallet.com built an interactive prepaid card comparison tool to help consumers standardize prepaid cards’ disclosures, fee structures and terms and conditions. The tool gives consumers a tailored, at-a-glance understanding of each card’s cost structure and ranks a prepaid card’s affordability based on:
• Card use, including both signature and PIN transactions;
• ATM use, including withdrawals and balance inquiries;
• Reloads, including cash reloads; and
• Direct deposit and monthly loads, to determine if the user is eligible for a discount.

One of the ways the Coopera Card keeps costs low, and its ranking on NerdWallet.com high, is by offering fee-free cash loads at the cardholder’s credit union, by direct deposit of payroll checks or through online transfers from an existing checking or savings account, as well as from other credit or prepaid cards. And for the cardholder’s convenience, Coopera Card cardholders can also load cash on their cards via Visa ReadyLink merchants for a fee.

To see how the Coopera Card compares to other prepaid cards, visit: http://www.nerdwallet.com/prepaid

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