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      February 17, 2019

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2019

Prepaid Credit Card Reviews

What are the best Prepaid Credit Cards? 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.

The Best Prepaid Credit Cards

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.

The Best Prepaid Credit Cards

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.

 

Secured Credit Cards: What You Need to Know

With that in mind, here's an overview of secured credit cards, how they work, and why you're better off using one than a prepaid debit card or another "bad credit" credit card product. Secured credit ...

Published:  Fri, 15 Feb 2019 09:34:00 GMT



Kroger Launches Kroger Pay and New Rewards Debit Card

Shoppers who have a 1-2-3 REWARDS credit card, REWARDS prepaid card or REWARDS debit card can earn fuel points and grocery rewards when paying through Kroger Pay. The mobile wallet also shows availabl...

Published:  Wed, 13 Feb 2019 15:26:00 GMT



5 Things to Know About Green Dot Primor Credit Cards

Here's how we make money. Green Dot might be best known for its prepaid debit cards, but the company also offers secured credit cards, which are aimed at consumers who have poor to average credit scor...

Published:  Mon, 04 Feb 2019 15:23:00 GMT



No Credit Card No Problem: Dollar Car Rental Now Makes It Easy to Rent with Debit Cards

for both debit card and credit card rentals. Dollar accepts all non-prepaid debit cards backed by Visa, Mastercard and Discover. "This is yet another way we can do our part to help minimize any stress ...

Published:  Tue, 05 Feb 2019 12:00:00 GMT



Renting Cars With a Debit Card Is Made Easier at Dollar and Thrifty

"When I rent a car," Mr. Peterson said, "I use a credit card." Does the new Dollar policy include prepaid debit cards Dollar accepts traditional Visa, Mastercard and Discover debit cards linked to ba...

Published:  Fri, 08 Feb 2019 14:17:00 GMT



Credit Payment Card Market Is Booming Worldwide | Visa, MasterCard, American Express

Secured credit cards, Prepaid cards), by End-Users/Application (Retail industry, Food industry, Hospitality industry, Tourism industry), Organization Size, Industry, and Region - Forecast to 2023". Ea...

Published:  Fri, 08 Feb 2019 23:34:00 GMT



This Week In Credit Card News: It's Easier To Rent A Car; Would Amazon Issue Its Own Cryptocurrency

... to receive a line of credit without a traditional credit history, Petal analyzes a combination of factors: regular payments like rent, checking account cash flow, or history with prepaid debit car...

Published:  Fri, 08 Feb 2019 13:59:00 GMT



Woman says thieves used stolen credit cards to buy gift cards in the self-checkout at Kroger

On Saturday, a woman had her car broken into, purse stolen, and over a thousand dollars charged to her credit card at ... they're purchasing prepaid gift cards. This has happened several times ...

Published:  Wed, 13 Feb 2019 18:43:00 GMT



What to Tell Your Children About Credit Cards

Some parents believe that teenagers take personal credit more seriously when cards are issued in their own names. Debit cards and prepaid phone or merchant cards can also help educate children about c...

Published:  Mon, 04 Feb 2019 08:00:00 GMT



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