Debit Cards

MG Prepaid Card full review: should you get it?

You don't need to open a bank account to have one of the best prepaid cards with no maintenance fees. Read on and learn more about the MG Prepaid Card.


MG Prepaid Card: debit services and no need to have a bank account!

MG Prepaid Card
MG Prepaid Card full review. Source: The Mad Capitalist

The MG Prepaid Card is an extremely efficient and secure money management solution.

MG Prepaid logo

MG Prepaid Card: check out how to apply!

Apply to MG Prepaid Card, the card that accepts 100% of its applicants and has become the safest and cheapest way to save money on cards!

You can have the facilities of a debit card without paying the absurd fees charged by banks. However, this card is more than just a debit service. So check it out!

Monthly IncomeAny income;
Monthly FeeN/A;
Initiation Fee N/A;
Interest Rate N/A;
Rewards N/A.

MG Prepaid Card: learn more about this financial product

The MG Prepaid Card appeared in the national market as a great way to protect your money. This is a prepaid card. Thus, you can deposit amounts and spend.

You can still withdraw it at ATMs. That’s without having to open a bank account or worry about high credit card maintenance fees.

Thus, you can load up to R25,000 simultaneously on this card. In addition, you are authorized to make daily virtual withdrawals or transfers of up to R5,000 per method.

This card can be used at any store in the country that accepts Mastercard cards. This way, it is an excellent option for students and people who want to control expenses.

So you can invite friends or family to access these same benefits. All your money, transactions, and expenses can be managed through your mobile’s “MG Pay” app.

MG Prepaid Card features

Shot of african american businessman holding mobile and credit card, while resting in the cafe
MG Prepaid Card features. Source: Adobe Stock

In fact, reloadable cards attract customers because of their ease of obtaining. However, sometimes the facilities are compensated by some limitations.

So below, see the list of this card’s main “pros” and “cons” and decide if it deserves to be yours!

What are the benefits?

  • Doesn’t care about your credit score: This card doesn’t check its customers’ credit history;
  • Everyone can have it: This card has a 100% approval rate on new customer applications;
  • You don’t need a bank account to start using this service;
  • Use it in any store in the country: accepted in any virtual or physical establishment that accepts Mastercard debit cards.

And what are the drawbacks?

  • No prior information is available on fees charged to customers;
  • You cannot accumulate more than R25,000 as a balance on this card;
  • The money accumulated as a positive balance on that card does not earn (a common option among competing cards);
  • That card can’t help you if your goal is to build credit.

What are the requirements to apply?

Like most prepaid cards, this service does not establish many criteria for admitting customers. Below, learn about the basic prerequisites to have this card:

  • Be at least 18 years of age;
  • Legally reside in South Africa;
  • Have a valid SA ID or passport.

How does the application process work?

In fact, having this card is as simple as buying food in a supermarket. To learn more, see the step-by-step in the following post.

MG Prepaid logo

MG Prepaid Card: check out how to apply!

Apply to MG Prepaid Card, the card that accepts 100% of its applicants and has become the safest and cheapest way to save money on cards!

About the author  /  José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

Trending Topics


Capitec Global One Credit Card: check out how to apply!

Apply to Capitec Global One Credit Card and get 55 days of interest rate collection free and up to 1.5% cashback. Know how!

Keep Reading

Cotton On Credit full review: should you get it?

Cotton On Credit is amazing for those who like reward programs that pay off effortlessly! Enjoy 6 interest-free months! Read on!

Keep Reading

Fly more and pay less: Buy cheap Safair flights

Learn how to buy cheap Safair flights saving up to 75%, and find out how to find the "secret deals" at the best possible prices!

Keep Reading

You may also like


Absa Flexi Core Credit Card: check out how to apply!

Apply for the Absa Flexi Core Credit Card and get over a million in emergency travel aid, interest rate waivers, and more. Find out how here!

Keep Reading

Boodle Loans review: up to R8,000

Read a complete review about Boodle Loans. Enjoy a straightforward process and receive your money in just 10 minutes! Read on to learn more!

Keep Reading

Standard Bank World Citizen Credit Card full review: should you get it?

Standard Bank World Citizen Credit Card will change your travel with discounts and exclusive benefits. Up to 20% discount on flights.

Keep Reading