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Prepaid Credit Cards Better Business Bureau Reliability Seal

Prepaid credit cards give you the flexibility of a credit card without the hassle of credit checks, contracts and expensive interest charges. You can use your prepaid credit card to buy anything you would typically pay for with a Visa or MasterCard, such as online purchases, dining out, bill payments, shopping, and more. Prepaid credit cards even make great gifts as they don't tie someone to just one store or a specific gift.

Getting a prepaid credit card is easy. You simply purchase the size of the card you'd like, along with an upfront activation fee. You should be aware that many prepaid cards eventually decline in value after several months of non-use, so you'll want to use your prepaid credit card once you get it.

Continue reading below reviews

2017

Prepaid Credit Card Reviews

5 stars
AccountNow® Gold Visa® Prepaid Card
TopConsumerReviews.com Best-In-Class Blue Ribbon Award

AccountNow® Gold Visa® Prepaid Card

Get Paid up to 2 days Faster with Free Direct Deposit ▼ - Get Your Paycheck or Benefits Checks in Your Card Account and Access Your Funds up to 2 days Earlier Than Payday.
Read More... Visit Site

2 stars
READYdebit® Visa Prepaid Card

READYdebit® Visa Prepaid Card

Instant Account Number - A Great Card for your Money.
Read More... Visit Site

Continued from above

When shopping for a prepaid credit card, there are several factors you hsould consider. Some of these include:

  • Denomination. Some prepaid credit cards come in predetermined amounts, while others let you choose exactly how much you want to spend. Choose a card that fits your needs and keep shopping if you don't initially find it.
  • Fees and penalties. Most prepaid credit cards charge an initial activation fee. Since these fees can vary widely from card to card, you should be aware of them before signing up. Yoiu should also find out if the card has an expiration date, and what charges might occur if the card is not used within a certain period of time.
  • Type. Prepaid cards come in MasterCard, Visa, American Express and more. Make sure that the prepaid credit card type will work with your spending plans.

TopConsumerReviews.com has reviewed and ranked the best prepaid credit cards available today. We hope these reviews help you find the prepaid credit card that best fits your gift giving or personal use needs!

Advantages of Prepaid Credit Cards

If your credit is imperfect, you have a teenager or young adult that needs access to a Visa or MasterCard or you want to better control your spending a prepaid credit card is a great option. Credit cards not only make for convenient shopping but are also mandatory in many scenarios where a Visa or MasterCard must be made available. For example, shopping online, renting a car, or making reservations all require a credit card and asking someone else to help you out, each and every time, can be embarrassing.

Here are some advantages of a prepaid card:

No Interest
Many prepaid credit cards exist today that look and feel just like a credit or debit card. Withdraw cash at ATM's, upload a payment via the phone, establish direct deposit, speak to a customer service representative and more. But very importantly, there's not interest charges. Fees due exist and must be looked at closely but you'll never be charged interest for using your preloaded credit card.

No Credit Check
If you've had some financial challenges in the recent past or simply don't want another credit check to be reported to the credit agencies - a prepaid card is the place to go. With the balances being prepaid, no line of credit being issued, there's no need for any prepaid credit card company to ask for your social security number or inquire about past credit issues.

No Overspending
Whether you need help sticking to a budget or you're child does, a prepaid card is the card for you. Prepaid cards only have the balance available that you load on the card at the onset. There's no spending more than you should on an impulse buy or running over your credit limit with a prepaid card. Many people use these cards in place of debit and credit cards to stick strictly to their budget. Parents often send prepaid cards to their college students to help them out financially but without the risk of a credit cards and irresponsible spending.

No Contracts
You aren't bound to a prepaid card via a contract. You simply load the card and spend as you so choose. You may reload the card as needed and continue to use in the future.

Gift Giving
If you aren't sure what your friend or family member wants or needs next Christmas or birthday a prepaid card is a great option. Loading the prepaid card with your gift contribution allows them to buy exactly whatever they want. No returning gifts with a prepaid card.

In summary, a prepaid card offers several perks over a traditional credit card. Many appreciate the budgeting aspect while others enjoy no contracts or accrued interest. Either way, prepaid cards offer a lot of flexibility no matter what you need the card for.

 

UK government expands open banking project to credit cards, e-wallets and prepaid cards

UK's Open Banking project expanded - Open Banking - "The OBIE [Open Banking Implementation Entity] has now been asked by the CMA9 and Her Majesty's Treasury to create open banking standards for all payment account types covered by the European ...

Published:  Thu, 23 Nov 2017 03:53:00 GMT



Best Credit Cards to Rebuild Credit

Prepaid cards are another great option for those with poor credit, although they won't help improve your credit like secured cards do because prepaid cards act like a debit card, requiring you to deposit the amount you wish to spend ahead of time.

Published:  Wed, 22 Nov 2017 17:44:00 GMT



GRAFT - Credit Card and Crypto Payment Processing Network | Twitter Campaign | [OPEN]

Graft employs payment processing protocols and flows similar to traditional electronic payment systems such as credit, debit, and prepaid cards, which are already familiar to and trusted by millions of users and merchants around the world. This approach ...

Published:  Wed, 22 Nov 2017 23:07:00 GMT



A London startup is launching a debit card that lets you spend bitcoin and ethereum

London Block Exchange New startup London Block Exchange is launching a prepaid card linked to an app that will let people spend and hold cryptocurrencies. The startup has raised £2 million from private investors and is headed by an 18-year Credit Suisse ...

Published:  Wed, 15 Nov 2017 01:00:00 GMT



This Week In Credit Card News: The Toll On Identity Theft Victims; Dumping Social Security Numbers

You can pay for that souvenir without freezing your hands as you reach for a credit card or even your phone. You won't have to use them or the other devices at the games, but they'll come with prepaid values of between $27 and $45 to encourage shopping ...

Published:  Sun, 19 Nov 2017 17:08:00 GMT



What Doesn't Affect Your Credit Score

Your credit score depends largely on whether you paid creditors on time and not at all on whether you're sitting on a pile of money. Debit cards and prepaid cards - even if they have a credit card logo: These cards work like credit cards at the ...

Published:  Thu, 23 Nov 2017 06:08:00 GMT



How to make your debit, credit cards last longer

Plastic money has been in vogue for decades now. Billions of people across the globe carry a credit card, debit or prepaid card. "Go Cashless" is the modern day mantra. We often hear about how credit card information is stolen or misused by conmen and ...

Published:  Wed, 15 Nov 2017 15:09:00 GMT



Do's and don'ts when giving teens their first credit card

Visa itself offers (to customers of either Navy Federal Credit Union or TD Bank) a prepaid card designed especially for teens, called Buxx, that parents can reload directly from their credit or debit cards, or, with a five- to seven-day delay, from their ...

Published:  Mon, 13 Nov 2017 07:35:00 GMT



Three arrested for card fraud

and an additional search of one of their vehicles uncovered 350 more cards - including debit/credit, gift, prepaid debit and iTunes cards - that were allegedly bought with the original counterfeit cards. The recovered cards had a value of more than $ ...

Published:  Thu, 23 Nov 2017 04:25:00 GMT



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