Prepaid Credit Cards
Prepaid credit cards are a great way for people with bad credit or those who just want to control their spending. They don't typically require a credit check or applications fee, there's no balance; cardholders can only use the amount of funds previously deposited into the account. When researching pre-paid cards there several things to look for to help you save money and get the best perks: cashback rewards, bonus points, credit monitoring and monthly fee are just some of the most common items. Compare some of best prepaid cards below, then click "apply now" to apply online.
Compare and Apply for Pre-paid Credit Cards Online
RushCard Prepaid Credit Card
RushCard customers reported on average they saved $396 per year with RushCard's online interactive Money Management features.
- FREE Paycheck, Benefits check, Tax refund Direct Deposit
- FREE Interactive Money Management Interface
- FREE Account Text Alerts
- *Click apply to view rates, fees, rewards, limitations and other important information
| Intro Apr | Balance Transfer | Regular APR | Monthly Fee | Credit Needed |
|---|---|---|---|---|
| N/A | N/A | N/A | up to $9.95 | N/A |
PEXcard Prepaid Business Card
The PEX Visa ® Prepaid Business Card offers a better way for employees to make company purchases — while employers stay in control of employee spending.
- Trial Offer – no Monthly Service Fees for 2 months!
- For businesses that spend $50,000 or more, monthly service fees are waived!
- Gain 24/7 control over where and how much employees spend
- *Click apply to view rates, fees, rewards, limitations and other important information
| Intro Apr | Balance Transfer | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | N/A | N/A | up to $7.50 | N/A |
* We make every reasonable effort to provide you with the most accurate offer information available; however, it's still important to review the terms and conditions set-forth on each credit card issuer's website. All information is presented here without warranty of any kind. Click on the "Apply Now" button to review each prepaid credit card application page and fill out the online application form.
Some of the most common reasons people choose a pre-paid credit card is because they are usually 100% guaranteed as long as an individual has the money to load onto the card to begin with. There is no interest rate or finance charges on purchases because there is no revolving line of credit, meaning it doesn't carry a balance. Many of the best prepaid cards don't require an activation fee, there's no annual maintenance fees, no annual percentage rate (APR) and no overdraft fees. However, there is usually a monthly service fee, and there can sometimes be some other fees associated with your account. It's important to always read your terms and condition carefully first though, as this can change from time to time.
What's really great is many of them will also offer rewards similar to a regular credit card. In addition, many prepaid accounts offer free online bill pay, free direct deposits and free money management tools.
Often times credit card companies will give you instant approval if you apply for a card online. However, some times when applying over the Internet additional time may be needed to approve an application, depending on each individual's credit situation.
Other Helpful Resources for Consumers
- FTC consumer information on credit and loans
- FRB's consumers guide to credit cards
