Prepaid Debit Cards

Listed below are prepaid debit cards that offer guaranteed approval and which can be used anywhere Visa or MasterCard are accepted. These prepaid debit cards are not credit cards, but rather loadable debit cards that provide you with a pre-established spending limit.

  • No Maintenance Fee - when you load at least $500 in a transaction cycle*
  • Free Activation
  • Use Everywhere Debit MasterCard Is Accepted
  • Zero Liability - if card is lost or stolen
  • No Credit Check - Instant Approval Process
Activation Monthly Fee Direct Deposit Cash Load Fee Credit Required
Free* Up to $4.95* Free* Set by retailer (generally $4.50 or less)* No Credit Check*
  • Free Direct Deposit - paycheck, benefits, tax refunds
  • Free Unlimited Purchase Transactions
  • Free Online Bill Payment & Check Writing
  • No Overdraft Fees or Balance Minimums
  • 100% Guaranteed Approval* - No Credit Checks
  • Choose Your Card Color - Blue or Pink
Activation Monthly Fee Direct Deposit Cash Load Fee Credit Required
$9.95* Up to $3.95* Free* Free; each retailer charges it's own fee* No Credit Check*
  • FREE MasterCard Prepaid Card Signup & FREE Shipping
  • FREE Direct Deposit + Get $20 Signup Bonus
  • Earn High Savings Interest Rate!
  • No fee Domestic Purchase/Signature Transactions
  • Send and Receive Money Securely With Any Mobile Phone
  • FREE Mango iPhone App (Download from iTunes Store)
  • No Hidden Fees / No Overdraft Fees
  • No Credit Check/ No Bank Account Required
Activation Monthly Fee Direct Deposit Cash Load Fee Credit Required
Free* Up to $5.00* Free* Varies by retailer, up to $4.95* No Credit Check*
  • No issuance fee online
  • No credit check or bank account required
  • Use everywhere Visa debit is accepted
  • $10 bonus with qualifying Direct Deposit (for a limited time only)
  • No overdraft fees
Activation Monthly Fee Direct Deposit Cash Load Fee Credit Required
Free* $3.00* Free* $3.00 at Walmart stores* No Credit Check*
  • $0 Activation Online - with no credit check
  • Access over 18,000 MoneyPass® ATM's
  • 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
Activation Monthly Fee Direct Deposit Cash Load Fee Credit Required
Free* Up to $5.95* Free* Varies by retailer, up to $4.95* No Credit Check*
  • 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 - 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*
Activation Monthly Fee Direct Deposit Cash Load Fee Credit Required
Free* Up to $9.95* Free* Varies by retailer, up to $4.95* No Credit Check*

* Read Terms & Conditions on any prepaid debit card offer before you apply.


Understanding How A Prepaid Debit Card Works

Prepaid debit cards enable consumers with very little credit or a poor credit history to make purchases with a prepaid Visa or MasterCard that functions just like a regular unsecured credit card. These are prepaid debit cards with built-in programs for reporting your credit standing, which can help you establish or rebuild your credit history - all while avoiding the hassle of late fees, finance charges, and debt.

When you apply for a prepaid debit card, you will be opening an account with the credit card issuer and depositing money into that account. With sufficient funds in your prepaid debit card account, you can then use the card to make purchases just like any other Visa or MasterCard. This makes prepaid debit cards a good choice for young people with no credit, someone with bad credit, or anyone who wants to carry a card with a fixed credit limit rather than cash.

Prepaid debit cards work differently than Secured Credit Cards. With a secured credit card, the deposit you use to create the account remains untouched and you are given a line of credit equivalent to the amount of your deposit. With a prepaid card, you are basically spending your own money through plastic rather than cash. The credit limit of your prepaid card will be equal to the amount of money you deposit, but that money will be used up as you make purchases. When the funds in a prepaid card account are depleted, the cardholder must deposit additional funds before the account can be used again.


Using Prepaid Debit Cards To Build A Credit History

For people with bad credit, prepaid debit cards are a perfect tool to use in repairing your credit score. Nearly all prepaid cards come with a credit builder plan of some sort. What prepaid card issuers do is report your good standing to one or more of the three major credit bureaus. This allows cardholders to establish a good record of responsible card use over time. Since you can't actually go into debt with a prepaid debit card, there is very little risk to using them.

Although you never have to worry about late fees or finance charges with a prepaid debit card, there are some additional fees involved. These typically include monthly fees, card reloading fees, and similar costs. Still, the advantages of building your credit history without getting into debt and the ability to make purchases anywhere Debit Visa or Debit MasterCard are accepted make prepaid cards very valuable to a lot of people.

Updated - Tueday, December 4th, 2012
Bank Card Finder - Copyright © 2004 - 2012 Web Exordium, LLC.