A prepaid credit card gives you the convenience of using a credit card without the risk of running up credit card debt. If you choose prepaid credit cards, you might even find one that can improve your credit. Learn about 11 of the best prepaid cards and find the one that fits your financial situation best. Do your research and consider all the pros and cons of prepaid cards.
|Best Prepaid Credit Cards|
|Prepaid Credit Card||Monthly Service Fee||ATM Fees||Daily ATM Withdrawal Maximum|
|American Express Serve Prepaid||$1||$0 at MoneyPass ATMs|
$2.50 at non-MoneyPass ATMs
|American Express Bluebird Prepaid||$0||$0 at MoneyPass ATMs|
$2.50 at non-MoneyPass ATMS
|PayPal MasterCard Prepaid||$4.95||$0 at AllPoint Network ATMs|
$1.95 for all other ATMs
|$940 per day|
$325 per withdrawal
|H&R Block Prepaid Emerald MasterCard||$0||$3 per withdrawal||$3,000|
|Green Dot Prepaid Visa and MasterCard||$7.95||$2.50 per withdrawal|
$0.50 per balance inquiry
|Kaiku Visa Prepaid Credit Card||$3||$3 per transaction at out-of-network ATMs||$500.00|
|Brink's Money Prepaid MasterCard||$0, $5 or $9.95||$2.50 per withdrawal||$940 per day|
$32 per withdrawal
|Account Now Gold Visa Prepaid||$9.95||$2.50 per transaction||$300 or $500|
|READYDebit Visa Prepaid||$9.95||$2.50 per transaction||$500|
|Western Union NetSpend Prepaid MasterCard||$0, $5 or $9.95||$2.50 per withdrawal||N/A|
|BB&T Prepaid MoneyAccount||$3 or $5||$3 per withdrawal at non-BB&T ATMs||Unlimited cash access at BB&T branches and ATMs|
1. American Express Serve Prepaid
The American Express Serve Prepaid credit card is one of the best prepaid cards available. It has a $1 monthly service fee that you can have waived if you set up a direct deposit of more than $500 per month. You'll also get free online bill payment and fraud protection, and you won't have to submit to a credit check.
2. American Express Bluebird Prepaid
The American Express Bluebird Prepaid card offers the convenience of a credit card without the hassles of a checking account. It has no minimum balance requirements and no monthly service fees. You can pay your bills online and transfer money to other Bluebird customers for free.
3. PayPal MasterCard Prepaid
If you have a PayPal account, consider getting a Paypal Prepaid MasterCard. You can purchase the card online without a fee and you can reload it as often as you want. In addition, you can check your balance and transactions with the mobile app, which makes it easy to manage your money on the go. Your initial deposit to the card must be $10, and you'll be charged a $4.95 service fee. You can make free withdrawals at Allpoint Network ATMs.
4. H&R Block Prepaid Emerald MasterCard
You can open an H&R Block Prepaid Emerald MasterCard at your local H&R Block office — and you can have your tax refund loaded on the card to avoid any check-cashing fees. Load the card by setting up direct deposit or by visiting a Walmart, 7-11 or Dollar General store, among other locations. Use the H&R Block Emerald Mobile Banking App to find a participating reload location near you.
You can pay your bills online and use the card anywhere that accepts MasterCard. In addition, the card has no monthly service or overdraft fees.
5. Green Dot Prepaid Visa and MasterCard
Green Dot prepaid cards allow you to load your funds and make unlimited purchases for a monthly service fee of $7.95, which you can get waived by adding more than $1,000 per month to the card. You might also be able to get your direct deposit early depending on when your employer deposits it.
Use the mobile app to easily manage your money. You won't need a credit check for this card, and Green Dot offers other prepaid card options if you're interested in establishing credit.
Find Out: 10 Best Credit Cards for Building Credit
6. Kaiku Visa Prepaid
Kaiku's prepaid Visa card carries a low, $3 monthly service fee that you can have waived if you add at least $750 to it per month. There are no purchase or activation fees, and this Visa prepaid card comes with free bill pay and free, instant money transfers between Kaiku cards.
7. Brink’s Money Prepaid MasterCard
Brink's Money Prepaid MasterCard offers a cash-back program when you participate in its PayBack program. You have three fee options with this card:
- A monthly free service plan under which you pay $1 for each signature transaction and $2 for each PIN transaction
- A $9.95 monthly service plan that features unlimited, free transactions
- Brink's Preferred Account plan with a $500 minimum direct deposit, $5 monthly service fee, free transactions and a $10 purchase cushion in case you run short of money
8. Account Now Gold Visa Prepaid
Choose the Account Now Gold Visa Prepaid card and you'll get a $15 bonus when you sign up for direct deposit. You'll receive the bonus after the second direct deposit of more than $500 goes into your account. You'll be charged a $9.95 monthly service fee for the card and get free bill pay. You can avoid ATM fees by getting cash back when you make purchases.
9. READYdebit Visa Prepaid
The READYdebit Visa is a good alternative if you don't want to deal with a checking account. It offers free bill pay but has a service fee of $9.95 per month. You can transfer money instantly between two READYdebit cards. You can also sign up for direct deposit and get your money faster.
10. Western Union NetSpend Prepaid MasterCard
The Western Union NetSpend Prepaid MasterCard makes it easy to send money through Western Union and gives you early access to your direct deposits. There is no minimum balance requirement, and you can earn cash back on select purchases. In addition, take advantage of the Refer-a-Friend rewards program, which will net you $20 when your friend loads $40 onto a new card.
11. BB&T Prepaid MoneyAccount
The BB&T Prepaid MoneyAccount is designed to make it easy to manage your money. You can load funds onto your card at BB&T bank branches or via direct deposit. The account is FDIC-insured, and online bill pay is available.
You can get cash for free by withdrawing it at a BB&T ATM, and you can use the card anywhere that accepts Visa debit cards. You can also open an account in five minutes or less, according to BB&T.
Next Up: The Best Prepaid Debit Cards
Methodology: GOBankingRates.com identified the best prepaid credit cards from by analyzing monthly service fees, ATM fees and daily ATM withdrawal maximum amounts. All fees and rates are subject to change at the credit card issuers' discretion. Some bonus offers might no longer be available on the credit card issuers' websites, depending on how you access the web page.
GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack, Inc., an online marketing company serving top-tier banks, credit unions, and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone and have not been reviewed, approved, or otherwise endorsed by the companies included in the article.
Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been endorsed by American Express.