Best Prepaid Credit Cards

Prepaid credit cards are pre-funded credit cards that only allow you to spend the money that was pre-deposited on the card. A prepaid credit card enables you to control spending and can be a great learning tool for teenagers, as they can learn to control their spending, before going to colleges where student credit cards with unsecured credit lines can be obtained.

Mango(TM) MasterCard® Prepaid Card

Free Direct Deposit + Get $20 Signup Bonus.
Earn High Savings Interest Rate.
Instant Virtual Card - Shop Online Today.
No fee Domestic Purchase/Signature Transactions.
No Fee to Check Your Balance With a Text Message.
Free Mango iPhone App (Download from iTunes Store)
Renters Insurance Available to Mango Cardholders.
$5 Monthly Fee - Reimbursed when You Load at Least $500 Per Month.

Introrate (purchases)

N/A *

APR (purchases)

None *

Annual fee

$0.00 *

UPside Visa® Prepaid Card

Similar to a checking account with a Visa prepaid card.
Save up to $220 compared with other cards, the first year alone.
100% approval with no credit check and no activation fee.
$0.99 monthly fee if $500 is loaded each month. (Only $4.95 otherwise)
Free Direct Deposit from employers or deposit cash at 50,000 retailers.
Write personal checks online: easy to pay rent or other bills.
Earn 1,500 cash back reward points for you first direct deposit load.
Optional companion card available, as if you had a joint checking.

Introrate (purchases)

N/A *

APR (purchases)

None *

Annual fee

$0.00 *

Green Dot® PrePaid MasterCard®

$0 Activation Online - with no credit check.
Access over 18,000 MoneyPass(R) ATMs.
Get a $4.95 credit on your first MoneyPak cash load (see site for restrictions)
No Monthly fee for any month with at least 30 purchases.
No Transaction fees on US purchases.
No Overdraft fees.
No Minimum balance required.

Introrate (purchases)

N/A *

APR (purchases)

None *

Annual fee

$0.00 *

Pink ACE Elite(TM) Visa® Prepaid Card

As an official sponsor of the National Breast Cancer Foundation, purchases from the ACE Elite Card have contributed to over $2 million towards breast cancer awareness and detection.
Free Direct Deposit - tax refunds get credited in as few as 8 days and paychecks are available up to two days faster*
Direct Depositing $500 in one calendar month qualifies you for a $10 Purchase Cushion & our lowest fee plan*
No credit check, No application fee, No obligation*
Secure: Card funds are FDIC insured, backed by Visa® Zero Liability*

Introrate (purchases)

N/A *

APR (purchases, variable*)

0.00% *

Annual fee

$0.00 *

Prepaid Visa® RushCard

100% Guaranteed Approval* - No Credit Check.
Free Direct Deposit - sign up now and have a safe place to put your tax refund.
Only card that lets you change your fee plan whenever you want to.
Free prescription discount card.
Easy Bill Pay - pay bills, rent, or write personal checks.
Card to card transfers.

Introrate (purchases)

N/A *

APR (purchases)

None *

Annual fee

See Terms *

Vision Premier(R) Visa(R) Prepaid Card - Simple & Fair

New - Free Roadside Assistance.
New - Free Savings Account with 5.65% APY.
1% Cash Back on Gas Purchases.
Free Direct Deposit so you can get paid faster.
Free Bill Pay online or over the phone.
Free Transactions and Customer Service.
No Overdraft Fees, No Interest Fees, and No Hidden Fees.
No Credit Check - 100% Approval.

Introrate (purchases)

N/A *

APR (purchases)

None *

Annual fee

$0.00 *

Prepaid Cards without a Credit Check

The primary reason to have a credit card is to eliminate the hassle of carrying around cash and it is also the best payment method for online orders. In that regards the prepaid card can be used anywhere just like a regular credit card, but there are many differences between the two options.

Managing a credit line can be overwhelming for many people, which may cause them to end up only being able to pay the minimum amount due and therefore charged high interest rates. You completely avoid debt with a prepaid credit card as you can only spend what your load in the card. Late payment fees are also a thing of the past, and there are no overdraft fees as the card simply stops working if you try to exceed the balance deposited.

The card issuer does not have any money at risk, so your credit will never be checked and any application means a guaranteed approval. For somebody that is looking to build their credit, this is a problem. There are no prepaid credit cards that will report to the three major credit bureaus, because the balance is your own money and does not represent a loan. Some cards do advertise a credit builder that reports to PRBC, which is a credit reporting agency. The credit builder is only active if you have the online bill pay feature activated. The payment of monthly bills will be reported to this agency, however it is primarily used for home loan associations and car dealers, furthermore it is only a small part of the decision making process.

Prepaid credit cards can be used anywhere Visa/MasterCard is accepted, and a great learning tool before applying for an unsecured card. However all cards does have a fee schedule, so it is important to read the terms. For every transaction requiring a pin you can expect to be charged a fee, but signature based transactions should not incur any charge. A low monthly fee is also likely, however it may be waived based on a monthly direct deposit.

* Please see the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the terms and conditions on the credit card issuer´s official website.