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      January 20, 2018

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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

2018

Prepaid Credit Card Reviews

5 stars
AccountNow® Gold Visa® Prepaid Card

Visit Site 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.
  • No CreditCheck to Get a Card. No ChexSystems Check. No Existing Bank Account Required.
  • $0 Activation fee†. No Minimum Balance. No risk of Overdraft fees.
  • $15 Bonus§ with qualifying Direct Deposit. Never pay to cash your paychecks and get your pay faster.
  • Use it Everywhere Visa Debit Cards are Accepted and Pay Anyone with PayAnyone Bill Pay. Shop Online, Rent a Car, Pay Your Rent and More.
  • Easy Mobile Account Access and Text Alerts. Get Your Account Balance, Transaction Details Sent to Your Phone within Seconds
  • BBB Accredited A+ Company. Excellent Customer Service.
TopConsumerReviews.com Best-In-Class Blue Ribbon Award

Most Attractive Features:
  • No credit check, minimum balance, free direct deposit.
Least Attractive Features:
  • Fees and usage limits.

Visit Site

2 stars
READYdebit® Visa Prepaid Card

Visit Site READYdebit® Visa Prepaid Card

  • Instant Account Number - A Great Card for your Money.
  • Free† Direct Deposit — Paycheck, Benefit Checks, Tax Refund Checks
  • Easy Online Bill Payment & Mobile Account Access
  • No Purchase Transaction Fees
  • No Risk of Overdraft Fees or Balance Minimums
  • Withdraw Cash at ATMs or Get Cash Back with Purchases
  • Use it Everywhere Visa Debit Cards are Accepted
  • Choose Your Card Color - Blue or Pink

Most Attractive Features:
  • No credit check
Least Attractive Features:
  • Fees and usage limits

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.

 

How to Get Your Tax Refund Deposited On a Prepaid Card

You can have the IRS deposit your tax refund on a prepaid credit card. Setting up direct deposit of a tax refund to a prepaid card is simple. It's really no different than setting up direct deposit of a paycheck to a checking account. You'll need two ...

Published:  Thu, 18 Jan 2018 00:00:00 GMT



Best Prepaid Cards

These cards allow users to make online bill payments and other purchases without worrying about cash, interest rates or late fees, and they don't require a credit check for approval. As such, prepaid cards are also a good fit for parents who want to ...

Published:  Tue, 16 Jan 2018 07:14:00 GMT



Important things to know about the security of your ATM card

MANILA, Philippines - You may have recently received a call, text, or e-mail from your bank urging you to shift from your magnetic stripe debit, credit, and prepaid cards to EMV chip cards. But before you brush it off as just one of those routine ...

Published:  Thu, 18 Jan 2018 22:45:00 GMT



The latest evidence Americans prefer debit cards to credit cards

As cash becomes less popular around the world, cards, including debit, credit, prepaid and electronic benefits transfer (EBT) made up nearly 61% of payment volume in 2016, The Nilson Report found. That will grow to more than 69% by 2021. In 2016 ...

Published:  Wed, 10 Jan 2018 00:47:00 GMT



Criminal offenders get credit cards, learn money management in Billings prerelease program

But the card is key. Before the credit card program, Alternatives managed resident finances by simply writing a check, prepaid to a specific store, anytime a resident needed to buy something. The money came from an account controlled by the agency that ...

Published:  Sun, 14 Jan 2018 18:25:00 GMT



Global Prepaid Card Market with Focus on The United States (2016 - 2020)

... A prepaid card is a type of card similar to credit and debit card, but unlike them, a prepaid card does not connect to the bank account of a person and is based ...

Published:  Fri, 12 Jan 2018 08:48:00 GMT



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