This card offer is no longer available on GET.com! However, Capital One® Secured Mastercard® is a good card for people with bad credit who want to rebuild their credit score. Click here to see the Best Credit Cards for Bad Credit.

Do you have a bad credit score or no credit history? Do you have no bank account? If so, you could consider prepaid debit cards. Unlike debit cards, prepaid cards are not linked to a bank checking account. You transfer money to the card via direct deposit, online or at certain retailers, and you can use the card anywhere MasterCard or Visa debit is accepted.

The Mango MasterCard Prepaid Card, issued by Horizon Bank, is one of the prepaid cards with the lowest fees in the US. Here we do a detailed review of this card, and tell you what we like and dislike about this prepaid debit card.

Things We Like About This Card

No monthly fee as long as you make a minimum of $500 deposit in your account every month. If not, the fee you will have to pay is only $5 per month, which is minimal.

Receive $20 signing bonus if you sign up for direct deposit within 90 days of account opening. To receive this bonus your direct deposit must be of at least $50.

Earn $5 credit each month that you load at least $500 to your card. Each month you load $500 during the year you won't have to pay the $5 monthly account fee.

No credit checks, and no bank account is required. Do you have bad credit or no credit history? That's OK. You can still enjoy the benefits of a prepaid debit card and shop anywhere MasterCard debit is accepted.

Your funds are fully FDIC-insured. In the event the bank goes bankrupt, your money will be secured by the FDIC. So no worries at all about the security of your funds!

You can use this card wherever they accept MasterCard, which is the vast majority of places, allowing you to use this card basically anywhere.

The card is free with absolutely no shipping or handling costs.

Free direct deposit and loading of cash, which can be done at thousands of retailers such as CVS and Walgreens all over the US. It's free to load your card through direct deposit, from a bank account, from a mobile phone, or online from another Mango customer.

No activation fee in order to start using your card.

Account management is free and you may check your account either on your cell phone or online without having to pay any money.

Checking your balance on your cell phone is free. That's convenience at no charge.

No transaction or purchase limit, since you can only spend what you have deposited in your card, and you can increase that amount to cover potential purchases as and when needed.

No overdraft fees, since you can't withdraw more than the amount you deposited.

Our Least Favorite Things About This Card

A debit card doesn't help build your credit history. If you want a credit card that helps you build credit, you can apply online for Capital One® Secured Mastercard® (read our review of Capital One® Secured Mastercard®) - an actual credit card issued by Capital One which you can apply for even if you have bad credit or no credit history.

$2 ATM withdrawal fee. Each time you withdraw your money from an ATM, you will have to pay a $2 fee.

$4.95 fee to load cash at retailers with the Green Dot MoneyPak.

$5 monthly account fee. Even if this card has no "annual fee", this monthly fee is equivalent to paying a $60 annual fee when you add up all the monthly fees you would have to pay. The good thing is that if you load at least $500 onto your card every month, this monthly fee will be waived.

Although prepaid debit cards, such as the Mango MasterCard Prepaid Card, have its advantages, its main flaw lies in the fact that debit cards don't help you build a credit history which is essential as having a good credit score has many advantages such as getting approved for regular credit cards with more benefits, getting favorable car or mortgage loans or even landing a job.

If your goal is to improve your credit score, we highly recommend you apply for a credit card such as Capital One® Secured Mastercard® (read our review of Capital One® Secured Mastercard®), an actual credit card issued by Capital One which you can apply for online even if you have bad credit or no credit history. The Capital One Secured MasterCard is rated by GET.com as a good credit card for people with bad or no credit.

This card offer is no longer available on GET.com! However, Capital One® Secured Mastercard® is a good card for people with bad credit who want to rebuild their credit score. Click here to see the Best Credit Cards for Bad Credit.

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