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Prepaid Credit Cards
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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.

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. 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!

Disclosure: We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we are compensated for links and advertisements on our website. Click here for details.


Prepaid Credit Card Reviews

5 stars
AccountNow® Gold Visa® Prepaid Card

AccountNow® Gold Visa® Prepaid Card Best-In-Class Blue Ribbon Award

Read More... Visit Site

3 stars
AccountNow® Prepaid Visa® Card

AccountNow® Prepaid Visa® Card

Read More... Visit Site

2 stars
READYdebit® Visa Prepaid Card

READYdebit® Visa Prepaid Card

Read More... Visit Site

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.




The prepaid cards you should, and shouldn't, have in your wallet

Unlike traditional debit and credit cards, prepaid cards don't enjoy the same legal protections that limit the financial liability consumers face in the event of fraud or merchant mistakes, although most card issuers provide these safeguards voluntarily ...

Published:  Sat, 21 May 2016 04:39:00 GMT

Refer-a-friend programs catch on for credit cards, prepaid cards

It pays to have friends. And these days, the more friends you have, the more cash you can receive or miles and points you can score from your favorite credit card company, retailer or travel rewards club. While refer-a-friend programs have existed for ...

Published:  Mon, 05 Sep 2011 17:00:00 GMT

Who and what is a prepaid card good for?

A great alternative to bank accounts and credit cards, prepaid cards are easy to set up and offer a safe way to shop online or in stores worldwide. Anyone looking to curb their spending can easily budget by loading up their card when they want with no ...

Published:  Wed, 30 Apr 2014 17:00:00 GMT

Partial end of forced arbitration

The new rule will apply to bank checking and deposit accounts, credit cards, prepaid cards, money-transfer services, certain auto and auto title loans, payday and installment loans and student loans. One typical example of the unfairness of the current ...

Published:  Thu, 12 May 2016 14:55:00 GMT

Even as our dollars go digital, there's face value in putting women on bills

James Powell is former chief of the Bank of Canada's international department and author of A History of the Canadian Dollar. This week, the Bank of Canada and the U.S. Treasury both took steps to correct a glaring deficiency in their national currencies ...

Published:  Fri, 06 May 2016 02:00:00 GMT

Suze Orman Nixes Her Prepaid Debit Card; It Appears Her Dream of Helping Millions to Establish and Build Credit Is Dead

Unlike credit cards, prepaid and debit cards do not report cardholder activity to the credit bureaus. As a result, prepaid and debit cards do not help consumers build credit. TransUnion did agree to examine data from Approved cardholders when the card was ...

Published:  Sun, 22 Jun 2014 20:35:00 GMT

No Credit History? Choose Secured Credit Cards Over Prepaid Debit Cards

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here's how we make money. Secured credit cards and prepaid ...

Published:  Thu, 18 Dec 2014 05:36:27 GMT

List of Prepaid Credit Cards That Build Credit

Let's start by reviewing the types of credit and debit cards: Credit Cards: Credit cards like Discover, Chase, or Citi represent a loan each time you use your card. Because you are borrowing money, your account is reported to the major credit bureaus. As ...

Published:  Sat, 10 Mar 2012 06:07:41 GMT

Prepaid Debit Cards

These days, it's almost impossible to get along without a credit card. If you want to buy an airline ticket, make a reservation for a hotel, rent a rental car, or make any sort of online transaction - from setting up a monthly internet subscription to ...

Published:  Tue, 06 Jan 2009 16:00:00 GMT

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