Prepaid Credit Card Reviews

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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.

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.

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.

 



Prepaid Credit Cards In The News

Debit card payments more popular than cash

Debit card payments have overtaken cash use for the first time, new figures show, as contactless technology takes a firm hold on day-to-day spending. A total of 13.2 billion debt card payments were made last year, a rise of 14% on the previous year ...

Published:  Sun, 17 Jun 2018 17:33:00 GMT



Debit card payments overtake cash for first time after Britons use plastic for 13.2billion transactions in a year

It is another landmark in the seemingly inevitable decline of cash. The number of debit card payments overtook the number of payments made with cash for the first time last year, a study found. There were 13.2billion debit card payments in 2017 ...

Published:  Sun, 17 Jun 2018 15:53:00 GMT



Travis Scott Gives Fan His Blessing To Use "Rodeo" Art For Custom Debit Card

Travis Scott also offered to put some bread in the fan's account. Travis Scott has some of the most loyal fans in the world and rightfully so. The rapper maintains a pretty good relationship with his fans whether it be during concerts and handing out some ...

Published:  Fri, 15 Jun 2018 10:53:00 GMT



Skimmer fraud: How to protect your credit and debit cards at the ATM, gas pump

Consumers nationwide have had their bank account information stolen through credit card skimmers at alarming, record-breaking rates. Last year, 10 percent more debit cards were comprised at ATMs and merchant card readers than the year before, according ...

Published:  Thu, 14 Jun 2018 15:13:00 GMT



Cash no longer king as debit card use overtook notes and coins in 2017

Debit card payments overtook the number of those made by cash for the first time last year, a trade association has said. There were 13.2 billion debit card payments in 2017 - eclipsing the 13.1 billion payments made in cash, according to UK Finance.

Published:  Sun, 17 Jun 2018 16:25:00 GMT



Wells Fargo debit card problems fixed; new issue impacts customers

SARASOTA, FL (WWSB) - A system issue affecting Wells Fargo debit card customers has been fixed, allowing users to make purchases, but not everything is back on track. Beginning Friday afternoon, customers reported that they were unable to use their debit ...

Published:  Sat, 16 Jun 2018 12:59:00 GMT



SmartMetric Enters The Worldwide Six Billion Card, Credit and Debit Card Market With The SmartMetric Biometric Chip Credit Card

NEW YORK, June 15, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) - SmartMetric the developer and manufacturer of advanced biometric credit/debit and security cards. The SmartMetric biometric credit/debit and security card incorporates a ...

Published:  Fri, 15 Jun 2018 10:26:00 GMT



BCSO: Couple charged after allegedly stealing 92-year-old woman's debit card

BAY COUNTY, Fla. (WJHG/WECP) - A couple is facing charges after Bay County Sheriff's officials said the two allegedly stole a 92-year-old woman's debit card and took more than $8,500 out of her account before family members noticed the unusual charges.

Published:  Sun, 17 Jun 2018 16:32:00 GMT



Privacy.com Offers Virtual Payment Cards To Keep Your Digital Cash Secure

Plastic being the dominant one these days. Chip readers, card swipers and constantly typing our debit card number into online forms puts us and our meager finances at continuous risk. Similar to how we protect ourselves online through VPN services ...

Published:  Thu, 14 Jun 2018 11:19:00 GMT



How Do Prepaid Debit Cards Work

If you don't have a bank account or you need a new way to budget, prepaid debit cards might be the next plastic for your wallet. Here's how they work. A prepaid debit card is an alternative banking card that only lets you spend the money you load onto ...

Published:  Wed, 13 Jun 2018 13:44:00 GMT




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