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Prepaid Credit Cards |
Prepaid credit cards are designed for individuals who might have difficulty getting approved for an unsecured line of credit but would still like all the functionality and convenience of a regular charge card. While specific features will vary from program to program, a prepaid card generally requires the user to deposit cash or a paycheck (also known as “loading” the card) which will then be used as a secured source of funds for the owner to drawn against for as long as a positive balance is maintained. Prepaid credit cards work just like regular debit or charge cards; you can use them at any location that accepts Visa or MasterCard and some will even issue you a PIN number to use to withdraw cash at any ATM, anytime, anywhere.
People looking to apply for a prepaid credit card are usually concerned about three major determining factors: the annual fee, the application fee, and the participation fee. Annual fees are charges to use the prepaid service on a per-year basis, whereas participation fees are a charge to use the service on a per-month basis. You will rarely see a prepaid card that charges both an annual fee and a participation fee, so choosing between one or the other is simply a matter of deciding where you want your fees paid for in one lump sum (annually) or on more of a pay-as-you-go system.
Please see our library of recommended reading materials on the right for more information & additional assistance with prepaid credit card terminology and selection.
| AccountNow® Prepaid Visa® |
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The AccountNow® Prepaid Visa®, issued by MetaBank, is a stored value card designed for those who may have difficulty in obtaining a standard unsecured credit card.
Annual Fee: $0
Application Fee: $9.95**
Participation Fee: $119.40 ($9.95 monthly)
Features: Access to free credit builder program.
Free bill pay service for the first seven transactions per month.
No liability for unauthorized transactions.
See website for additional benefits.
[Click Here for a Full Review] |
4.0 |
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| READYdebit® Card |
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The READYdebit® Card from MetaBank is the perfect way for people who don’t have a checking account to obtain and use a debit card for all of their purchases - whether plastic is required or not.
Annual Fee: $0
Application Fee: $9.95
Participation Fee: $4.95 - $8.95 monthly*
Features: See website for additional benefits.
[Click Here for a Full Review] |
4.0 |
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| Current by Discover - Teen Prepaid Debit Card |
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The Current by Discover - Debit Card for Teens is a prepaid debit card developed especially for teens, but with their parents in mind. This card helps parents and teens work together to set spending limits and establish responsible spending habits.
Annual Fee: $50
Application Fee: $0
Participation Fee: $0
Features: See website for additional benefits.
[Click Here for a Full Review] |
5.0 |
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| BuyRIGHT Pre-Paid MasterCard® |
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The BuyRIGHT Pre-Paid MasterCard®, issued by MetaBank, is a stored value card designed for those who would like to take advantage of the rewards program and the shopping membership that this card has to offer.
Annual Fee: $0
Application Fee: $29.95
Participation Fee: $59.40 ($4.95 monthly)**
Features: Various Internet account related services.
Free BuyRIGHT Membership.
Access to BuyRIGHT Rewards program for free.
Access to the Credit Building Program for an additional fee.
Access to the BuyRIGHT Cash Back program, which rewards cardholders with $5 when they sign up for direct deposit within 30 days and $25 for every cardholder that they refer.
Auto payment option.
See website for additional benefits.
[Click Here for a Full Review] |
4.0 |
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| Baby Phat Prepaid Visa® RushCard™ |
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The Baby Phat Prepaid Visa® RushCard™, issued by Manufacturers and Traders Trust Company, is a stored value card designed for those who may have difficulty in obtaining a standard unsecured credit card.
Annual Fee: $0
Application Fee: $19.95
Participation Fee: $0
Features: Cash back rewards at participating retailers.
Lost and stolen card reporting.
Various Internet account related services.
See website for additional cardholder benefits.
[Click Here for a Full Review] |
4.5 |
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| Prepaid Visa® RushCard™ |
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The Prepaid Visa® RushCard™, issued by Manufacturers and Traders Trust Company, is a stored value card designed for those who may have difficulty in obtaining a standard unsecured credit card.
Annual Fee: $0
Application Fee: $19.95
Participation Fee: $0
Features: Cash back rewards at participating retailers.
Various Internet account related services.
Lost and stolen card reporting.
Credit Builder: Members can opt in to have bill payments made with RushCard reported to PRBC who will start a positive credit file for them. Lender may in the future use this information for granting loans and lines of credit.
See website for additional cardholder benefits.
[Click Here for a Full Review] |
4.5 |
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| Eufora Prepaid MasterCard® with Credit Builder - Elite Level |
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The Eufora Prepaid MasterCard® with Credit Builder - Elite Level, issued by The Bancorp Bank, is a stored value card designed for those who have fair, poor, bad, or no credit history and would like to rebuild their credit, as well as have the chance to earn income for referrals.
Annual Fee: $0
Application Fee: $10
Participation Fee: $0
Features: Various Internet account related services.
No liability for unauthorized transactions.
Lost and stolen card reporting.
Purchase protection.
Identity theft insurance.
Auto rental insurance.
Up to $200,000 in travel accident insurance.
Access to Eufora Credit Builder to report monthly installment loan payment history to credit bureaus for an additional monthly fee of $10 ($120 annually).
Cash Reward Program
ZERO UP FRONT ($99.95 Advanced Deposit WAIVED)
See website for additional benefits.
[Click Here for a Full Review] |
4.5 |
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| Eufora Prepaid MasterCard® with Credit Builder |
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The Eufora Prepaid MasterCard® with Credit Builder, issued by The Bancorp Bank, is a stored value card designed for those who have fair, poor, bad, or no credit history and would like to rebuild their credit, as well as have the chance to earn income for referrals.
Annual Fee: $0
Application Fee: $0
Participation Fee: $0
Features: Various Internet account related services.
No liability for unauthorized transactions.
Lost and stolen card reporting.
Purchase protection.
Identity theft insurance.
Auto rental insurance.
Up to $200,000 in travel accident insurance.
Access to Eufora Credit Builder to report monthly installment loan payment history to credit bureaus for an additional monthly fee of $10 ($120 annually).
Cash Reward Program
ZERO UP FRONT ($99.95 Advanced Deposit WAIVED)
See website for additional benefits.
[Click Here for a Full Review] |
4.5 |
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| ARC Travel MasterCard® |
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The ARC Travel MasterCard®, issued by the Security Savings Bank, is for people who need an alternative to traditional credit cards and would like an electronic method to pay for purchases.
Annual Fee: $0
Application Fee: $0
Participation Fee: n/app
Features: No card activation fee.
Free card to card transfers for package cards.
Free signature transactions.
Free for online banking, PayPal®, direct deposit, and PayXone™.
Free shipping.
Free SMS/e-mail alerts.
Lost luggage assistance.
Emergency card replacement.
Medical assistance.
See website for additional benefits.
[Click Here for a Full Review] |
5.0 |
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| Vision Silver(SM) Prepaid MasterCard® |
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The Vision Silver(SM) Prepaid MasterCard®, issued by MetaBank, is ideal for people who are finding it difficult to obtain either a secured or an unsecured credit card.
Annual Fee: $0
Application Fee: $9.95
Participation Fee: $3.95
Features: Various Internet related account services.
FREE Transaction fees.
FREE Online statements.
FREE E-mail and text message alerts.
FREE Automated customer service.
See website for additional benefits.
[Click Here for a Full Review] |
4.0 |
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| Millennium Advantage Pre-Paid MasterCard® |
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The Millennium Advantage Pre-Paid MasterCard®, issued by New Millennium Bank, is a stored value card designed for those who may have difficulty in obtaining an unsecured credit card.
Annual Fee: $0
Application Fee: $99
Participation Fee: $71.40 ($5.95 monthly)
Features: Various Internet account related services.
See website for additional benefits.
[Click Here for a Full Review] |
2.5 |
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| AccountNow® Prepaid MasterCard® |
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The AccountNow® Prepaid MasterCard®, issued by MetaBank, is a stored value card designed for those who may have difficulty in obtaining a standard unsecured credit card.
Annual Fee: $0
Application Fee: $9.95
Participation Fee: $119.40 ($9.95 monthly)
Features: Access to free credit builder program.
Free bill pay service for the first seven transactions per month.
No liability for unauthorized transactions.
See website for additional benefits.
[Click Here for a Full Review] |
4.0 |
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| Vision Premier(SM) Prepaid Visa® Card |
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The Vision Premier(SM) Prepaid Visa® Card is ideal for people who are finding it difficult to obtain a secured or unsecured credit card or who are in need of another option when making purchases.
Annual Fee: $0
Application Fee: Up to $29.95
Participation Fee: Up to $0.95 Weekly
Features: Various Internet account related services.
Free account balance alerts.
Visa® Zero Liability policy.
Free direct deposit.
See website for additional benefits.
[Click Here for a Full Review] |
3.5 |
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