What is the best prepaid credit card? Credit cards for travel, business or building credit.
Best prepaid cards for travel
- Pros – No annual costs, cheap and easy deposits. Add credit worldwide through the app or the website. Accepted everywhere Visa is.
- Cons – Overseas withdrawal fee. Doesn’t use interbank exchange rate.
- Pros – Doesn’t charge exchange fees for the majority of currencies.
- Cons – Startup costs and overseas withdrawal fee. Not free when you don’t use it.
3. Brinks prepaid mastercard
- Pros – Earn rewards for your spending.
- Cons – Has deposit, ATM and exchange fees.
Best prepaid cards for teens
- Pros – Junior prepaid credit card is specifically designed for teens and adds extra protection for teens, accepted everywhere a VISA card is, card can be used both on and offline.
- Cons – Need to create a BITSA account.
- Pros – No personal details needed for online payments, accepted everywhere MasterCard is, Offline payments possible with physical card.
- Cons – Physical card only available in France & Italy
Best cards for business
1. Bento for Business Visa Card
- Pros – Relatively cheap annual costs and no setup fee, both physical and virtual cards available.
- Cons – No direct deposit and No ATM deposits.
2. Dash Prepaid Mastercard
- Pros – No monthly or transaction fees, unlimited number of cards.
- Cons – Relatively low card and account maximums.
3. PEX Prepaid Visa
- Pros – No minimum required balance, no transaction limits, can be used by nonprofits.
- Cons – Pricey monthley plans compared to other cards, no ATM access and transfer fees when transfering money from and to a bank account.
- Pros – No startup costs, low deposit fees, physical and digital card available.
- Cons – Costs for physical card, deposit fees.
2. Toneo First
- Pros – Low startup costs, easy to apply, both physical and digital cards available.
- Cons – Physical card only available in France.
3. NetSpend Prepaid Card
- Pros – Looks most like a traditional credit card, no overdraft or activation fees and no credit checks, or minimum balances.
- Cons – Only available in the US.
Best prepaid credit cards to build credit
1. Capital One Platinum Secured Credit Card
- Pros – No Annual fees, you immediately see if you are accepted, deposit starts at 49$.
- Cons – Highest possible deposit is 200$, high (26%) and variable APR.
2. Applied Bank Secured Visa® Gold Preferred Credit Card
- Pros – No credit check, can raise credit uup to 5000$ with additional deposits, 9.99% low and fixed APR.
- Cons – Deposit starts at 200$, annual fees are 48$
3. Chime Credit Builder Visa® Credit Card
- Pros – Works more like a regular prepaid credit card, no credit checks.
- Cons – Chime has been the subject of multiple complaints related to the way it freezes customers’ funds.