PrePaid Credit Cards
Prepaid and debit cards offer the convenience of a card without the hurdle of a credit check. Because money is debited directly from your account, these cards do not report to the major credit reporting agencies.
Green Dot® Prepaid MasterCard®
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | N/A | See terms |
Green Dot® Gold PrePaid Visa® Card
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | N/A | See terms |
Mango™ MasterCard® Prepaid Card
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | N/A | See terms |
READYdebit® Prepaid Visa® Card
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | $0 | See terms |
READYdebit® Platinum Visa® Prepaid Card
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | N/A | See terms |
SilverCard Prepaid MasterCard®
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | $0 | See terms |
UPside Visa® Prepaid Card
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | $0.99 | See terms |
Vision Premiersm - Paycheck Card
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | $0 | See terms |
Baby Phat Prepaid Visa® RushCard
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | N/A | See terms |
Prepaid Visa® RushCard
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | N/A | See terms |
Black Diamond Prepaid Visa® RushCard
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | N/A | See terms |
Purple Diamond Prepaid Visa® RushCard
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | N/A | See terms |
AccountNow® Prepaid MasterCard®
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | N/A | See terms |
AccountNow® Prepaid Visa® Card
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | N/A | See terms |
AccountNow® Gold Visa® Prepaid Card
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| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | See terms | N/A | See terms |
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The Pros and Cons of Prepaid Cards
Prepaid cards offer the convenience of a credit card without the
difficult approval process or risk of getting into debt. These cards
work a lot like a gift card, you will have to load the account with cash
(direct deposit is usually available) before you can use it for a
purchase
Prepaid cards are not credit cards; you cannot spend more than the
balance you have deposited and you will not be charged interest for your
spending. The prepaid account will not be reported to the credit
bureaus as a credit card.
- Easy approval process, no credit required
- The same fraud liability protections as a standard credit card
- Easy to use for online or phone purchases
- Access cash from ATM machines
- Less expensive than check cashing services
- Expensive fees for opening and maintaining the account
- Fees for loading money on the account or using the card for purchases
- Very limited, if any, reporting to the credit bureaus
- Does not help improve your credit the same way a credit card or secured card would
- Much more expensive than opening a checking account and using an ATM card
Fees and charges can vary significantly between different prepaid credit card offers. Be sure to read the fee schedule for the prepaid credit card before you apply.
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