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. 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

PayPal earnings: Expansion plans focus on debit cards, global services

PayPal Holdings Inc. has "no aspirations to be a bank," Chief Operating Officer Bill Ready says, but the company sees room to offer banklike products to customers who don't have a nearby branch. In recent weeks, PayPal PYPL, -0.66% has taken steps ...

Published:  Tue, 24 Apr 2018 04:49:00 GMT

Tesla Contract Workers Pressured To Accept Debit Card For Pay Instead Of Check: Lawsuit

Tesla contract workers aren't receiving legally required overtime pay or mandated work breaks, according to a new lawsuit filed in California state court. The employees faced "pressure" from a temp agency that hires workers at Tesla's California ...

Published:  Fri, 20 Apr 2018 14:01:00 GMT

WARNING: Your debit and credit card can be "cloned."

You may remember Sierra Gosnell. 3 On Your Side profiled her story last week after her Insight Visa Prepaid Card was somehow cloned and her account was wiped out completely of nearly $1,000. It was all taken in a matter of minutes. "It's just scary ...

Published:  Mon, 23 Apr 2018 12:25:00 GMT

Litecoin price analysis: LTC/USD to get support on Coinbase's Shift Visa debit card a week after TenX announced future co-branded cards

The Shift Visa debit card will be used to spend will allow the users to spend their cryptocurrencies both online and offline. The 38.2% Fibo to provide stronger support, but indicators point to a growing bullish momentum. Litecoin price attempts to recoil ...

Published:  Mon, 23 Apr 2018 07:28:00 GMT

Founder of cryptocurrency debit card faces new fraud charges for $32 million ICO scheme

The U.S. government is following through on its promise to crack down on initial coin offering scams. On Friday, the SEC announced charges against Raymond Trapani, the third co-founder of Centra Tech Inc., which raised $32 million for a cryptocurrency ...

Published:  Fri, 20 Apr 2018 00:00:00 GMT

Standard Chartered & Emirates Airlines Bring New Debit Card for Frequent Flyers

After the success of a co-brand Credit Card Standard Chartered and Emirates Airline have unveiled a new Emirates Standard Chartered Debit Card for their shared customers. Last year, both companies launched the co-brand Credit Card. This Debit card is ...

Published:  Tue, 24 Apr 2018 01:26:00 GMT

PayPal Ups Efforts on Prepaid Debit Cards, In-Store Payments

Payments fintech PayPal will be expanding its in-store payment offerings this year, now offering users the ability to deposit money onto a prepaid debit card or use their service via a partnership with Samsung Pay, it was reported today, and as the Wall ...

Published:  Mon, 23 Apr 2018 09:09:00 GMT

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