Best Prepaid Debit Cards

Nowadays, everything has been made easy thanks to the rapidly advancing technology. The development of prepaid debit cards also referred to as reloadable debit card is a great innovation and many people are currently using them in their day to day operations. These cards are very smart, cost effective, and they will serve as a good way of carrying your money and paying any kind of bills you may be having. If you have a good and functioning prepaid debt card, it will be better than the bank accounts you may have been using for many years.prepaid debit card

However, for any individual to experience the advancing technology and to be able to access your money without any complications, one should ensure that they have the best prepaid debit cards. There are many dozens to choose from, but you should always get the best. Many people confuse prepaid debit cards with credit cards but they are very different and each has its advantages.

One difference is that a prepaid debit card is pre-funded meaning that they only have the amount you have deposited. They are also advantageous than credit cards because they will not allow the user to extend his spending and run into problems with the provider. No over the limit fees anymore. Hence, they are useful in controlling your spending.

There are few things which will guide you into getting the best type of prepaid debit card. First and foremost, you should check the reputation of the issuer. There are many providers in the market, but you should go for the widely recognized issuer because, the percentage of people using them shows that their prepaid debit card are the best and thus why many people are going for them.

The best prepaid debit cards should also have all the features that you are looking for; hence, it should be efficient and effective in its performance.

Some of the common features of the best prepaid debit cards are

  • Free direct deposit. This allows you access your money 1-2 days faster than checks.
  • They are reloadable up to $10,000 as the maximum balance
  • Have free credit score,
  • Have zero monthly fees
  • They offer a 100 percent guaranteed approval with no credit checks
  • No overdraft fees
  • Some have card to card transfer
  • Easy bill pay which you can pay bills with, pay rent or write personal checks.
  • Zero fraud liability protection from Visa and MasterCard prepaid debit cards

This last benefit makes them a better choice than using cash. There are no fraud protections if you lose your cash or your money is stolen. You do have those protections with a Visa or MasterCard prepaid debit card.

You also go for prepaid debit cards which have the lowest fees for your use. Hence you will not spend a lot of money activating them or when depositing your money among others. Some of the commonly used types are Upside Visa prepaid card, Netspend MasterCard Prepaid debit card and RushCard Plus Prepaid Visa card among others. Newcomers onto the market include Western Union and American Express prepaid cards which offer lower fees than many of the older popular prepaid debit cards.

Benefits of prepaid debit cards

These cards are important because they are easy to use and they don’t waste a lot of your time. This is because people regardless of the age can access their money easily without following many procedures. They are also essential because you can also access your money through the online means or by use of electronic kiosks. They are also beneficial because you don’t need to provide your personal information when making your transactions. Finally, prepaid debit cards are advantageous because, they help you budget you money, as you can only spend what is loaded in the card.

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Approved Card From Suze Orman

If you find yourself among the unbanked or under-banked a prepaid debit card may be the checking account alternative you are looking for. Suze Orman has recently launched her Approved Card – a prepaid debit card that is supposed to be better than the competition. But is it really? Does it have low or no fees?

Suze Orman says about the Approved Card, “It’s the single most important thing I’ve done in my whole career.”

She says it’s a better way to bank.

It is safer than cash, comes with no credit checks, no check cashing fees, no bank account required, no overdraft fees, no interest charges and it is easy to load and use.Approved Card From Suze Orman

The Appoved Card (http://www.theapprovedcard.com) also comes with free identity theft protection, free Transunion credit reports, credit scores and credit monitoring. These features are not seen on many of the best prepaid debit cards. You can expect to see services like this included because Suze Orman is a big proponent of keeping an eye on your credit report and score.

So let’s talk about getting this prepaid debit card’s fees. You will have to pay $3 to purchase it. This fee is lower than most other prepaid debit cards. And then you have a $3 monthly account maintenance fee with the first month waived. Compare this to the Rush Card which can run as low as $3.95 a month all the way to $14.95 a month.

You can get free ATM withdrawals at over 35,000 Allpoint locations for the following 30 days you make a Direct Deposit of $20 or more. You can find these ATMs at places like 7-Eleven, CVS, Costco, Kroger, Target and Walgreens. Otherwise you will have to pay a $2.00 fee.

You also get free online bill pay and a free additional card along with no activation fee.

You do not have to pay a fee to purchase with a signature or PIN transaction.

You also get one free live customer service agent call per month and $2.00 per call after that.

If you like to receive a paper statement that will cost you $2.00 per statement.

When you check out the fee chart you will see that most of the fees can be waived for a 30 day period after you Direct Deposit $20 or more.

So who is the Approved Card by Suze Orman for? People who do not want to use a secured credit card, people who cannot get approved for a checking account due to bad credit, and people who will deposit less than $1,000 each month through Direct Deposit.

It’s not the best prepaid debit card but it is also not the worst prepaid debit card.

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GreenDot.com Reloadable Prepaid Debit Card

How the GreenDot reloadable prepaid debit card works

Just like many other prepaid debit cards, the GreenDot.com reloadable prepaid debit cards work like bank debit cards or ATM cards. However, depending on what you load your Green Dot reloadable prepaid card to do, the working can vary a little. You can load this prepaid debit card to put money on other prepaid cards, debit cards or credit cards; and even to pay some specified bills.

Now, depending on the service that you will be using your prepaid card to access, there are a number of benefits that you may receive as compared to using bank cards. For instance, you can use the prepaid cards to get some discounts on online shopping. Sometimes, you may also be rewarded with points for using the prepaid cards and the only time that you will be charged for using the cards is if you do not use it say for a month.GreenDot.com Reloadable Prepaid Debit Card

Benefits of using the Green Dot Reloadable Prepaid Debit Card

  • First, it is personalized and thus your money will be protected in case the card is stolen or gets lost.
  • You can apply for this prepaid debit card whether you have a bank account or not and you will not be subject to nay credit check before you are provided with the card.
  • With this prepaid card, you will be able to fill other prepaid cards, debit cards or even credit cards easily with the GreenDot MoneyPak. On the same note you can use the card to pay bills, withdraw cash from ATMs and even shop online.
  • You will have no long usage commitments. This means that you are at liberty to choose whether to use it or not.
  • You will not be subject to any penalty charges and overdraft fees.
  • Finally, the card is reloadable meaning that you can top up the money on the card using direct deposit, MoneyPak or even bank money transfer services.

Registering for GreenDot.com reloadable prepaid debit card

There are two major ways to register for a Green Dot reloadable prepaid debit card. You can choose to register online and setup your account or register through your phone or purchase a card at your local grocery store. Either way, you will be provided with simple procedures to follow. Registration for this prepaid debit card will be free but you may be required to load the card for you to make any purchases.

Depending on your needs and financial capability, the initial load can be anything from $10-500. When registering, you may be required to submit some of your personal details including the provision of your social security number. After registration, you will be provided with a non-reloadable temporary prepaid card that you will use until you are provided with the reloadable prepaid card. It is important to note that the temporary card will not have access to some services like ATM usage and it may be limited for use in the United States only.

As per the provision of Federal laws, GreenDot will have the responsibility of obtaining, verifying and recording relevant customer information that can be used to identify them (customers). Some of the basic information that GreenDot may require from you when registering for a Green Dot reloadable prepaid debit card include your name, date of birth, social security number and address.

For many people the GreenDot.com prepaid debit card is the best prepaid debit card for them. It may or may not be for you.

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AmericanExpress.com Prepaid Debit Card

The American Express prepaid debit card is a debit card that stands out from its peers in several ways. Other than the media attention it attracted during its launch, there is much more to write about; and you can already guess that most of it is positive. It’s only by looking further at its features that you begin to understand why it generated so much publicity.

One of the most attractive features about the debit card is the fees. With fees being one the most important consideration to make when making any financial decision and especially low or no fee prepaid debit cards, the AmericanExpress.com prepaid debit card has scored big on this one. Its fee is what most people who deal with financial institutions would call free. The only fee that the card holder pays is the ATM withdrawal charges. They are still offering you an incentive in that you pay absolutely nothing for the first withdrawal.

AmericanExpress.com Prepaid Debit Card

AmericanExpress.com Prepaid Debit Card Are Good For Teens

For any other subsequent withdrawals you pay $2 dollars, of course to this, you will have to add the charges levied by the ATM owner. Unlike most other prepaid debit cards, there will be no charges levied on you when you are activating or reloading the card. Better still, there are no fees charged used when using the American Express prepaid debit card.

The American Express prepaid debit card has several benefits over the other such cards in the market. For instance, one is allowed to have up to three cards as long as you are above 18 years of age. You can choose to have all the three cards in the name of the children or you can have one of the cards. Very few prepaid debit card providers will allow you such a privilege. This means that a parent with teenage children can acquire the prepaid debit cards for them so that they don’t have to keep asking for cash to refuel or other routine expenses.

Since the prepaid card is being shared with teenagers, one might feel that the kids might over spend which can have very adverse effects in these hard economic times. American Express thought of that too and put measures in place so that a parent can monitor the spending that goes on using the card. It is possible for a parent or a cardholder to suspend the card if he feels it is being misused. He can then reactivate it after he reaches an agreement with the other debit card users allowed to access using the card.

It’s possible for him to view the transaction history so as to keep track of how the cash is being used and detect misuse if any. Most people will tell you that a card that allows you to track every transaction carried out on it is good enough but American Express prepaid debit card has gone a step further. You receive an email alerting of every transaction made on the card. This makes it very conducive for parents with teenagers since they can track their every purchase from home. The card even allows you to load it from your bank account.

All in all, the American Express prepaid debit card is one of the best prepaid debit cards you can use. It has very low fees and is accepted wherever AmericanExpress credit cards are accepted.

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AccountNow.com Gold Visa Prepaid Debit Card

Nowadays very many people are more warmed up to the idea of prepaid services. One type of prepaid service that has gained wide usage is prepaid debit cards. These cards are replacing the traditional credit cards. If you are looking for a better way to manage your money then you should consider applying for the AccountNow.com Gold Visa Prepaid Debit Card. This prepaid debit card is licensed by Visa USA. This card allows you to load cash online; you can login at www.accountnow.com or through direct deposit.

This prepaid debit card is associated with numerous benefits. The first and very important benefit offered by AccountNow.com is that you can never use more money than you have. It has been said that you should bite only what you can swallow. Many individuals and families have found themselves in very compromising situations when they accumulate very large amounts of debts through the use of credit cards. The AccountNow prepaid debit card will save you from such kind of situations and embarrassments since you can only spend what you have loaded.AccountNow.com Gold Visa Prepaid Debit Card

The card goes ahead and ensures that you can use it anywhere that Visa debit cards are accepted. This is unlike other types of cards that can only be used in specific places. This means even when you travel, may it be from one side of the globe to the other you can make your purchases. Furthermore, you can use the prepaid card just like a debit card in ATMs and withdraw money for a very small fee. This does not mean the security of the card is compromised. Rather the card has very secure fraud liability protection just like the conventional credit cards issued by Visa.

The AccountNow.com prepaid debit card allows you to make various online transactions including shopping, renting a car and booking airline tickets. You can also pay your bills online. For those receiving benefit or pay checks, they can be directly remitted to your account saving you the hustle of having to cash checks and the fees associated with them. You will also get free direct deposits and can qualify for a $25 direct deposit bonus within 6 months after opening the account if you deposit at least $500 per month through the recurring deposit in two or more consecutive months

When you want to apply for the AccountNow.com prepaid debit card, you are not required to pay any fee. The subscription process is free and very efficient since it is not long. Once you open your account, you will be charged a $9.95 the first time you deposit your money. However, there is no minimum balance for this account. Each time you make an ATM withdrawal you will be a charged $2.50 fee. Every month you will be charged a $9.95 usage fee but you can be exempted from this fee if you deposit $3000 dollars or more into your account in a month. The account does not charge the annual percentage fees. Just like other prepaid cards, the AccountNow card does not require a credit check thus you can open the account regardless of your credit score.

The AccountNow Gold Visa Prepaid Debit Card is not the best prepaid debit card on the market and there are cheaper debit cards with lower fees out there.

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Netspend.com Prepaid MasterCard Debit Card

The Netspend.com Prepaid MasterCard Debit Card is a highly functional debit card, which makes financial errands easy and fun filled tasks – well almost. It is issued by Netspend.com, one of America’s largest and efficient debit card processors. When it comes to cash safety, this is one of safest cards to settle for. The bank processes the card in a highly secretive way, to ensure that all transactions are carried out by genuine card holders. This is effective because the bank has detailed security information pertaining to all card holders. In case a card is lost or stolen, the bank protects your account against all unauthorized transactions. What’s more, it will issue a new card on the spot to avoid any inconvenience. This is one of the best prepaid debit cards that is safer than cash and cheaper than check cashing places.

The Netspend Prepaid MasterCard Debit Card is a card that can be used anywhere across the globe where it’s acceptable, and with lots of confidence. It is Better Business Bureau accredited with an incredible BBB rating of A+. In addition, Netspend.com is a highly reputed bank hence, every transaction under the card is genuine due to highly encrypted information which protects the password, and other security card details. With the card, one can manage his or her finances at the comfort of his or her home. For regular travelers, the card is efficient and you do not have to walk around with huge amounts of cash.

Netspend.com Prepaid MasterCard Debit Card

Login to Netspend.com to check your balance

The Netspend.com Prepaid MasterCard Debit Card allows for an amazing shopping experience, as well as fast transactions. With availability and easy accessibility of internet services across the globe, you can do your shopping online with the card. It spares shoppers daily, weekly or monthly shopping hassles especially during peaks seasons such as Easter or Christmas Eve. The card has a 100% guaranteed approval and there is no need for a credit check. You can get this prepaid debit card regardless if you have bad or no credit. The other amazing feature with this card is that, there are no minimum balances or overdraft fees. It is also exclusive of 5% APY savings account with the Netspend Premier account. The card is just amazing and all its features as seen on TV and in issuing banks are realistic, not just for advertisement purposes.

For those who love to transfer funds from one account to the other without leaving their homes, this card is an ultimate option. Online transactions are just a click away therefore, quite convenient nation and worldwide. Card holders can also pay their creditors online, pay bills online to avoid embarrassing moments where creditors come knocking at your door. Card holders also benefit from direct deposits from their paycheck or government paychecks. Additionally, one can add up to a whooping $10K to his or her account from over 65,000 card locations.

The Netspend.com Prepaid MasterCard Debit Card is also beneficial because it allows card holders to control their spending more efficiently. This can be done by tracking all transactions with amazing online budgeting tools. Card holders also get alerts on their mobile phones on 24 hour basis. All funds that are transacted with the cards are FDIC Insured up to the current coverage limit. Furthermore, you get rewarded with lots of amazing Netspend payback rewards. Intro APR, into APR period, Regular APR and balance transfers are not applicable.

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Netspend.com Prepaid Visa Debit Card

The Netspend.com Prepaid Visa Debit Card is one of the best prepaid Visa debit cards on the market. The card is issued to clients by Inter National bank, Meta bank and are members of the FDIC. This is one of the best prepaid debit cards because it comes with excellent features which can be hardly accessed in other prepaid Visa cards.

Account holders can run their financial errands with the card with no interest or late fees which make the card more convenient. With the card, there are no surprises as well as no credit checks. What’s more, card holders can easily have their paycheck deposited to their accounts directly with direct deposit.

With the Netspend.com Prepaid Visa Debit Card, shopping is just a click away and has enabled many to enjoy an incredible shopping experience. It is widely accepted in a number of stores, supermarkets and many other shopping places. Card holders can comfortably purchase groceries, pay bills; make online purchases which save a great deal of time and buy gas among other products.Netspend.com Prepaid Visa Debit Card

One does not have to carry huge amounts of cash to shop anymore. It is also convenient for shopping in the sense that if you run out of cash, the card serves it purpose best since it’s widely accepted in supermarkets. There are many reasons as to why this card is highly efficient and one of the most trusted prepaid debit cards in the industry.

The Netspend.com prepaid debit card is issued by highly reputable banking institutions. It is therefore a card that can be used anywhere there its acceptable with confidence. It is accredited by Better Business Bureau and has an amazing BBB rating of A+. For this reason, it is a smart and excellent way of managing your finances even in the comfort of your home. It doesn’t matter which part of the globe you may be, in order to use a Netspend Prepaid Visa debit card. The card can be used in different ATMs across the globe which provides more convenience to account holders.

When opening a Netspend.com account, a person has to provide factual information which will be used for identification and security purposes. This includes the name, ID card number, driving license, date of birth, and address among other vital details. These will be used for security purposes. Card holders are assured of cash safety even in the event of robbery or in case a card is lost. If an incident occurs, it is essential to notify the issuing bank immediately. This way, necessary security measures will be undertaken to secure your funds. The bank will process a new debit card and guard your account against any unauthorized transactions.

The Netspend.com prepaid Visa debit card is of high quality and highly valuable. It is designed with the best technologies in order for it to serve its purpose best. Whether it is used on regular basis or not, the card will remain functional for a long time. In addition, a card holder has authority to choose and control the best value pricing plan that suits his or her personal needs more efficiently. The card is free of charge and for more convenience, it is issued online. In this connection, one can order for a Netspend.com Prepaid Visa Debit Card within 60 seconds.

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Walmart MoneyCard Prepaid Visa Debit Card

The Walmart MoneyCard prepaid Visa debit card is one of the cards that have the most attractive features on the market. Normally what attracts a person to a prepaid debit card is not its physical look but its usable features. The Walmart reloadable prepaid Visa debit card is not lacking in these either.

The first feature is the ease of acquisition. The card is one of the easiest to acquire. To obtain it you don’t require a bank account and neither do you require any credit check. You can buy it at your local Walmart or Walmartmoneycard.com. Once you get the card you don’t have to stand in a queue for long periods of time waiting for it to get activated like you do with some cards offered by some financial institutions. To activate you only need to place a call to Walmart and they will activate the card for you immediately.

A prepaid debit card no matter how good its features are, if its not easy to use will end up serving little or no purpose. The Walmart MoneyCard prepaid Visa debit card has been designed to make transactions easier for the card holders. The card is accepted in all Walmart outlets worldwide. This makes your shopping abroad as easy as shopping home. You can even use it to shop online. This is unlike most other prepaid debit cards that only allow you to shop from stores but not online.Walmart MoneyCard Prepaid Visa Debit Card

With the Walmart prepaid debit card, you don’t have to worry about acquiring cash whether you on tour abroad or at home. The card allows you to get cash from a large number of compatible ATMs the world over. This means that all you require when traveling is your prepaid visa card.

The Walmart prepaid Visa debit card does not only cater for travelers, it also caters for those at home. You can use to complete a wide range of transactions while at home without the need for cash. You can use it to pay a wide range of bills. These include the cable bills. The power bills, water bills, cell phone bills and many other utility bills. The cards provide an easy and quick way of paying bills in that there are no long procedures involved. The process has been made deliberately short and without complexities so as to make it simple for the consumer. You can even use it to pay for other domestic expenses like buying groceries, paying for gas, paying bills at restaurants and so on.

Over time, the Walmart prepaid debit card has become very popular with business people since it allows them for virtually everything they need. One can use the card to make hotel reservations, pay for airline tickets and many other expenses. Unlike cards that encourage careless spending, the Walmart prepaid Visa card enables one check spending. You can do this through by receiving email alerts every time you make a transaction on the card. One can also be receiving SMS balance alerts.

Safety and convenience are another main advantage of the prepaid card. You are charged no transaction fee and neither do you pay anything if you reload your funds using the direct deposit. There are policies that protect the card holder from unauthorized purchases.

How much does the Walmart reloadable prepaid Visa debit card charge? Fees?

You will have to pay $2 dollars for ATM withdrawals, $1 for balance inquiries, $3 dollars for monthly maintenance which can be waived if you load or reload at least $1,000 dollars in a calendar month. And you also have to pay a fee to reload the card with a GreenDot MoneyPak which can average $4.95.

These are just some of the fees you will have to pay.

The Walmart MoneyCard prepaid Visa debit card also has several benefits that make it one of the best prepaid debit cards you can use. It has a lower monthly fee than other cards and offers a 1% cash back bonus on gas purchase through the end of 2011.

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Prepaid Debit Cards for Teens

Prepaid debit cards for teens are available on the internet and they are great demand nowadays because so many parents are getting them for their teens. It is actually very easy to apply for these cards because all one needs is a computer and access to the internet. Each person should carry out good research on the various companies which offer these prepaid debit cards for teens online before making a final decision.

By doing this, you will ensure that they get the best prepaid debit card that is most suitable for them. Therefore, after getting an appropriate card, you should read all about the regulations that they will be required to follow and then fill out the forms provided.prepaid debit cards for teens

The best part about prepaid debit cards for teens is that there are no overdraft fees, credit checks or activation fees required therefore one gets to save on a lot of money. Moreover, with this card, there is easy monitoring of parents on their child’s spending habits. Also, the spending limits are very strict in that, one can only spend up to a certain amount daily and this gives the teen good control in their spending habits.

Parents like you will be very happy about these cards because you get to know some of the places your child goes to and what they buy. It helps a teenager to learn how to be responsible at an early age when it comes to spending money.

The best prepaid debit cards for teens are accepted in very many locations around the world wherever Visa and MasterCard debit cards are accepted therefore a teen can use it even when they are away on tour. However, this is also a great advantage because in case of an emergency and they need some cash, you can just load their card for them online and they receive money on their card instantly. There is a wide variety of prepaid debit cards to choose from and they all have different designs whereby one can choose according to their personal preference.

Another advantage of prepaid debit cards for teens is the fact that the teen gets text alerts even if the card has just a small balance. Moreover, each parent has the ability to set up email alerts and text messaging so as to track their child’s spending habits. Furthermore, you can also set up this card in a way that you can unlock or lock your child’s access to their account just in case something goes wrong. It is thus a very good idea for parents to get these cards for their teenagers because aside from teaching them about good spending habits, they are able to fund them in case there is an emergency.

However, the fee charged when one uses these debit card is very reasonable especially since one is not required to pay anything in the beginning. Therefore, one gets to save a lot of money. There are some regular prepaid debit cards that will work for teens (Walmart MoneyCard prepaid MasterCard) and then there are some specifically designed for teens such as the BillMyParents prepaid debit card. It comes with no activation fee, no overdraft fees, and no credit checks.

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Pros and Cons of Prepaid Debit Cards

With the recent advancements in technology, the world is slowly moving from the paper economy to paperless one. This means that people do not have to move with hard cash to buy stuff but instead can use electronic cards to get services and products. The good thing is that we are given the option of deciding on the type of card we need, and how to use them. This freedom is sometimes curtailed if we do not abide by the set terms and conditions. If you choose to consider prepaid debit cards, remember that this type too has its own pros and cons. These are the things we will be tackling in this article. So, read on and find more.

Pros of prepaid debit cards

prepaid debit card is safer than cash

Prepaid debit card is safer than cash

  • We use prepaid debit cards to shop, pay bills, and purchase airline tickets. This is one advantage associated with them. The cards provide users with a wide range of options to choose from, as far as payment is concerned. But, we need to always check out on the balance available before using them.
  • Prepaid debit cards have been in use for a longer period of time. It means that a large number of users have mastered the art of using them. You only have to reload it if the cash runs out and good to go. The card becomes useful ones again.
  • Prepaid debit cards also come handy in case you need to shop online, yet you do not have a debit card. Online shopping has lots of restriction in terms of payment and such, only limited types of cards can be used to carry out this activity. And, this is where prepaid debit cards come in.
  • It is very safe to use prepaid credit and debit cards. You do not have to walk around with huge sums of money when presented with these useful items. Just load the cash on the card and you will be good to go. In fact, nobody will even notice that you’re in possession of a huge sum of money.

Cons of prepaid debit cards

Just like any other means of payment, prepaid debit cards possess a number of disadvantages, some of which include the following.

  • You can not actually predict your rate of spending. The main reason why we get prepaid cards is to fill a space left when we can’t access credit cards. Unfortunately, whereas with credit card you can actually trace you spending and credit history, the same is different when it comes to credit cards.
  • The fact that you have to pay for every single activity you use this card for, is also a disadvantage. Imagine charges for reloading the card, for making a single purchase, for booking a plane ticket. All these charges sums up to a huge sum of money at the end of the day. You will realize that you are actually spending much on the cost charges per use, than the amount you are using to purchase those items.
  • Not all firms or stores accept prepaid debit cards as payment for their products. This means that the use of prepaid cards is limited only to specific stores.

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