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 10-29-2014

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

Credit Card Rewards: Are They Valuable?
Credit cards rewards are a great way to earn perks while you use your card. There are a variety of rewards to choose from, including cash back and points that can be redeemed for travel or gift cards to use in stores, restaurants, gas stations or for online shopping. The credit card rewards options are almost endless, [...]

Federal Benefits to Be Issued on Chip and PIN Cards
Starting next year, federal benefits will be distributed on government-issued chip and PIN debit cards, also known as EMV cards, as stated by an executive order signed by President Obama earlier this month. They are intended to replace the currently issued magnetic stripe debit cards. People who receive assistance from Social Security, Supplemental Nutrition Assistance Program [...]

Pay Off Debt: Is a Balance Transfer or Personal Loan Better?
Having a lot of debt can start to take its toll, and you might begin to wonder if there are better ways to manage it. The amount of debt you have and whether it is all from a single source or spread out are two factors that go into deciding a plan of attack. No [...]

Get Paid to Transfer Your Credit Card Balance
If you're carrying a balance on a high-interest credit card, you're paying needless interest fees each month. You can save yourself some money by transferring that balance to another low-or-0%-APR card. And with the new Barclaycard Ring Mastercard you can even get paid to transfer your balance. Get Paid To Transfer Your Balance BarclaycardŽ Ring MastercardŽ - 1% [...]

5 Reasons to Use Credit Over Debit
Did you know that you may be better off using a credit card over a debit card for every day purchases? Don?t get us wrong ? a debit card is a handy device to make purchases. It saves you the hassle of having to carry a checkbook around, and gives you the protection of not having [...]

2x Savings Catcher from American Express Bluebird and Walmart
American Express and Walmart have teamed up to bring you an alternative to checking and savings accounts that can help earn you a little extra cash. American Express Bluebird is similar to a prepaid card, but with tons of extra features and functionality that you can learn more about in our recent review of the card. [...]


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.