Ad Disclosure

Compare Prepaid Cards

Prepaid cards are a boon for anyone who wants to manage their budget or just have an alternative to paying cash. They're also a good fit for parents who want to monitor the spending of their children and teens or for those with poor or limited credit who aren't eligible for a credit card. Prepaid cards allow users to make online bill payments and other purchases without worrying about cash, interest rates or late fees. Many will also appreciate that they don't require a credit check for approval. We've reviewed the top prepaid cards from our partners below. When looking for a prepaid card, we recommend you read through the fee structure so no fees come as a surprise later. The downside to prepaid cards is that they won't help rebuild your credit history because they don't report to the credit bureaus. If you are interested in cards that can help rebuild your credit, take a look at our secured credit card reviews.

Prepaid Card Reviews & Prices

Updated 09-16-2014

Name & CardSet-Up FeeMonthly FeeCash Withdrawal FeesFeaturesOur Rating & Bottom Line
American Express Serve®
American Express Serve<sup>®</sup>Free$1.00 (no fee in NY, TX & VT)*ATM = free at MoneyPass ATMs; otherwise $2.00
POS = free
Monthly fee waived with direct deposit; Deals & offers; mobile app; purchase protection; online account management
Our Rating:
Our top choice with very low monthly fees, strong online & mobile tools, and great American Express features.
PayPal™ Prepaid Mastercard®
PayPal™ Prepaid Mastercard<sup>®</sup>Free$4.95ATM = $1.95
POS = free
Online account management (requires PayPal acct); rewards program
Our Rating:
Low fee structure for basic activities like getting cash, but requires PayPal membership
Netspend® Visa® Prepaid Card
Netspend<sup>®</sup> Visa<sup>®</sup> Prepaid CardFree$0.00 - $9.95
(depending upon plan)
ATM = $2.50
POS = $0.00-$2.00
Prescription discount card; rewards program; mobile apps; text/email alerts; online account management
Our Rating:
Features great online and mobile tools along with prescription savings and limited rewards program
MAGIC Prepaid Mastercard®
MAGIC Prepaid Mastercard<sup>®</sup>$4.95$4.95ATM = 2 free/mo, then $2.50
POS = free
Text/email alerts; online account management
Our Rating:
Reasonable fees and many free options for adding or withdrawing cash make this a card worth considering.
Name & Card Set-Up Fee Monthly Fee Cash Withdrawal Fees Features Our Rating & Bottom Line
SpendSmart™ Prepaid Mastercard®
SpendSmart™ Prepaid Mastercard<sup>®</sup>Free$3.95ATM = $1.50
POS = free
Lock & unlock teen's card via text; mobile app; text/email alerts; online account management
Our Rating:
Prepaid card for teens that allows parents to monitor teen spending and even block specific online and offline purchases
Account Now Gold Visa® Prepaid Card
Account Now Gold Visa<sup>®</sup> Prepaid CardFree$9.95ATM = $2.50
POS = free
Text alerts; online account management
Our Rating:
A basic prepaid debit card without frills
Pink ACE EliteTM Visa® Prepaid Debit Card
Pink ACE Elite<sup>TM</sup> Visa<sup>®</sup>  Prepaid Debit CardFree$0.00 - $9.95 (depending upon plan)ATM = $2.50
POS = $0.00-$2.00
Portion of your purchase goes to National Breast Cancer Foundation; mobile app; text/email alerts; rewards program
Our Rating:
Prepaid Visa debit card that gives a portion of your purchase to fight breast cancer
ACE EliteTM Visa® Prepaid Debit Card
ACE Elite<sup>TM</sup> Visa<sup>®</sup>  Prepaid Debit CardFree$0.00 - $9.95 (depending upon plan)ATM = $2.50
POS = $0.00-$2.00
Mobile app; text/email alerts; rewards program
Our Rating:
Typical prepaid card with 3 different plan options and limited rewards program
Name & Card Set-Up Fee Monthly Fee Cash Withdrawal Fees Features Our Rating & Bottom Line
READYDebit Platinum Visa® Prepaid Card
READYDebit Platinum Visa<sup>®</sup> Prepaid Card$9.95$14.95ATM = $2.00
POS = free
Mobile app; text alerts; online account management; credit score tracker
Our Rating:
Rather pricey but offers free credit score and score tracking with direct deposit

Disclaimer: This content is not provided or commissioned by the credit card issuers. Opinions expressed here are author's alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers. This site may be compensated through the affiliate program of the credit card issuers.

Select Next Advisor Blog Posts

Can a Credit Card Be Closed for Inactivity?
Q: I have a few credit cards that I haven?t used in quite some time. Could my accounts be closed because of inactivity? Thanks for your question. Unfortunately, yes, credit card accounts can be closed by the issuer if they?re unused for extended periods of time. There is no exact science as to when the card [...]

3 Ways Millennials Can Successfully Save Money
How much do young adults actually know about their credit score and saving money? The results of a recent study conducted by the Consumer Federation of America show that Millennials know less about their credit score than older adults, but that doesn?t mean young Americans can?t take steps to improve their credit score and save money. You're [...]

How Do Chip and PIN Cards Differ From Chip and Signature?
Q: What?s the difference between chip and PIN and chip and signature credit cards? I?m traveling abroad soon and I want to make sure I'm using the safest option.  That?s a great question. While the United States still uses magnetic stripe card technology developed in the 1970s to process debit and credit card transactions, many parts of [...]

5 Things You Won't Believe Hurt Your Credit Score
Deciphering your credit score can be difficult, especially if you don't know all the ways you can be hurting it. Your credit is not only attached to your credit card use, but with many everyday financial activities. Here are five things that can hurt your credit, and ways to prevent them from happening to you. [...]

Citi Double Cash Card: New Cash Back Card on the Block
The CitiŽ Double Cash Card (a NextAdvisor advertiser) is Citi's attempt to be a major player in the cash back credit card game. In recent years Citi has had great 0% Intro APR cards but has not been able to compete with some other major issuers when it came to the quality of their cash back [...]

5 Things Excellent Credit Can Do for You
Have you ever thought of how an excellent credit score may impact your life? It's no secret that there are a number of benefits to having a high score. Simply put, it can affect many of your current and future financial decisions. If your credit is excellent, for instance, you have a better chance at [...]


Advertiser Disclosure: NextAdvisor.com is a consumer information site that offers free, independent reviews and ratings of online services. We receive advertising revenue from most but not all of the companies whose products and services we review. For credit cards, we review cards from all of the top 10 US issuers by purchase volume (according to Issue 1035 of The Nilson Report, Feb 2014) excluding issuers that require additional accounts to be a cardholder and private label issuers. We may also review cards from other issuers in select cases. We do not review all products in a given category. We are independently owned and operated and all opinions expressed on this site are our own.