If you’re looking for more efficient ways to manage your spending, a prepaid card might be a solid alternative. In this Mogo Prepaid Card review, we’ll introduce you to a product that not only can help you have a better relationship with your money, but also reduce your environmental impact on the planet. 

In this review, we’ll break down the features, advantages and drawbacks of having a Mogo card. That way, you can decide if this is the right choice for your financial needs. So if you want to learn more about this eco-friendly product, keep reading our Mogo Prepaid Card review.

The Mogo card is a prepaid product, which means you have to put down a certain amount of money to be able to make purchases. You can have up to $10,000 in your account at one time and there’s no spending limit. However, there are daily transaction limits as a safety measure. 

Although there are no monthly or annual fees to this card, you will have to pay a fee to add money to your Mogo card through Canada Post. There’s also a fee for withdrawals via ABM and foreign transaction fees. 

Mogo is a partner to the REDD+ Amazon Forestry Project, so for every dollar you spend, the institution will offset one pound of CO2 and help you reduce your environmental impact. You will also earn green satoshis – which are green bitcoins – in eligible purchases and help plant a tree every time you use your Mogo Card. 

The company will assist you in budgeting and controlling your spending habits with a series of resources available for free on their mobile app.

The Mogo Prepaid Card has a lot of advantages for anyone looking to manage their spending. That is because it provides the purchasing power of a credit card without the risk of impacting your credit score. However, every financial product has a few disadvantages you should learn about before applying for it. Learn the pros and cons to this card next in our Mogo Prepaid Card review. 

Since this is a prepaid card, there are no minimum credit score requirements. All you need is to be a Canadian citizen or permanent resident over 18 years old and deposit a certain amount of money to use the card. 

Getting a prepaid card can be a healthy step towards a more responsible future. If you’d like to manage your budget while giving back to Planet Earth, a Mogo Card will serve you well. The application process is simple and you can do it online. Follow the link below to learn our step-by-step guide.