The monthly fee for a Turbo card is $4.95. However, this fee can be waived under specific conditions.
Turbo Card Monthly Fee Details
Understanding the fee structure for your Turbo Card is crucial for managing your finances effectively. While a standard monthly fee applies, there are straightforward ways to avoid it.
| Feature | Detail |
|---|---|
| Standard Monthly Fee | \$4.95 |
| Fee Waiver Condition | The monthly fee is waived if you load \$1,000 or more to your card in the previous monthly period. |
| What Counts as a Load? | Various types of deposits or transfers that add funds to your card. |
| What Doesn't Count? | A person-to-person (P2P) transfer is not considered a load for the purpose of waiving the monthly fee. This means money received from another individual via a P2P service won't contribute towards the \$1,000 waiver threshold. |
How to Waive Your Turbo Card Monthly Fee
To ensure you don't incur the monthly fee, focus on consistently loading funds onto your card.
- Meet the Load Threshold: Aim to load a total of \$1,000 or more onto your Turbo Card within the previous monthly period. This could include:
- Direct deposits from your employer or government benefits.
- Cash loads at participating retail locations.
- Transfers from linked bank accounts (if applicable and not considered P2P).
- Understand Load Types: Be mindful that only qualifying loads count towards the waiver. Funds received from personal transfers (e.g., from a friend or family member via a P2P app) will not help you avoid the fee.
By actively managing your card loads, you can easily benefit from a fee-free experience with your Turbo Card. For more comprehensive details regarding your card's terms and conditions, refer to the official Cardholder Agreement available from Intuit, such as the one found here.
