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Best Prepaid Debit Cards For 2014: Benefits, Reviews, Other Info

by Tony Phan on March 18, 2014. Updated April 9, 2014 · 1 comment

in Prepaid Cards

The table below includes some of the best prepaid debit cards in the market currently.  If you’re familiar with how prepaid cards work, browse the options below to see which prepaid card is the best for you.

American Express Serve Card

Keep in mind, if you’re looking for a credit card for bad credit, you should definitely look into Secured credit cards.  They are offered specifically for people with poor credit and they can help you on your way to build your credit profile.  See my page on Secured Credit Cards here.

First Of All, What Is A Prepaid Card?

Basically, they are cards that you load your own money into and can be used for purchases anywhere debit cards are accepted.  Once you’ve depleted your spending money on the prepaid card, you are then able to reload them either online or at popular retailers, drug stores, and ATMs.

Also, prepaid cards are conveniently available in Visa, MasterCard, and American Express variations.

Pros And Cons Of Prepaid Debit Cards…

I’ll review the advantages and disadvantages of prepaid cards next.

prepaid cards no credit check

Pros

  • No credit check is required (good for kids and those with bad credit)
  • Accepted everywhere debit cards are accepted
  • More convenient than carrying around cash
  • Many options for reloading (retailers, drug stores, ATMs)
  • Helps avoid debt (spending limit is your own money)
  • Direct Deposit option available for paychecks/tax returns
Cons

  • Doesn’t help build credit in any way
  • Most involve varying fees (See the American Express options to avoid most fees)

Some Popular Uses For Prepaid Cards…

  • Kids/Teens

 prepaid cards for teenagers

Parents are finding this a great new way to teach responsible spending to their kids.  It’s a great way to give your kids their spending allowance, and it’s safer than carrying cash around.

  • Employees

prepaid cards for employees

Another popular use of prepaid cards is for your employees.  Unless an employee is your partner at the office, you probably don’t want to hand them an additional business credit card for use.  Dispensing a prepaid card for them to use for office expenses is a good way to track spending for tax reporting.  And, you won’t have to worry about fumbling around with cash and coins.  The PEX Visa Prepaid Card For Business below is a popular one for this purpose.

Finally, What Is The Best Prepaid Card For You?

It really all depends on the specifics of what you’re after, but I’ll give you my top three recommendations based on card type.

Visa Prepaid: For a Visa, I personally prefer the Account Now Gold Visa Prepaid card. This one actually lets you earn a $15 bonus once you set up qualifying direct deposits.  Plus, you can have up to a $10,000 balance limit, making it a great choice for people who can’t get a traditional bank account.

MasterCard Prepaid: If it’s a MasterCard, I’d probably go with the Control Prepaid MasterCard below.  You’ll get special ways to earn cash back rewards and refer a friend bonuses – along with other features you can check out below.

American Express Prepaid: Most other prepaid cards have either monthly or annual fees.  The American Express Serve will avoid those fees, and it’s a great choice.

How To Get A Prepaid Card…

Any of your most popular retailers will have prepaid card options available.  I usually see them grouped up with the gift cards, or by the checkout lanes.  Of course, you can also apply easily below online.

Share this info with friends & family!

ACE Elite™ Blue Visa® Prepaid Debit Card

Ace-Elite-Blue-Visa-Prepaid-Card

  • Enroll in direct deposit today – receive your account number immediately.
  • Need your money before payday? Get paid up to 2 days faster with direct deposit.*
  • Withdraw up to $300 with no fee daily at ACE Cash Express locations with direct deposit.*
  • Mobile account access – available on GooglePlay and Apple App Store.
  • Transfer money to another ACE Elite cardholder with no fee.*
  • Always know your balance – by mobile app, email, or text message. Standard data rates apply.*
  • Earn up to 5% APY while you save in an optional savings account.*
  • Earn cash back on your everyday purchases through Payback rewards – get special offers and account credits when you use them.*

Apply Now

Pink ACE Elite™ Visa® Prepaid Card

pink ace elite visa prepaid

  • Official Sponsor of the National Breast Cancer Foundation (NBCF).
  • Since 2006, purchases from the ACE Elite Card have contributed to over $2 million towards NBCF’s early detection screening program for those in need.
  • Enroll in direct deposit today – receive your account number immediately.
  • Need your money before payday? Get paid up to 2 days faster with direct deposit.*
  • Withdraw up to $300 with no fee daily at ACE Cash Express locations with direct deposit.*
  • Mobile account access – available on GooglePlay and Apple App Store.
  • Always know your balance- by mobile app, email, or text message. Standard data rates apply.*
  • Earn cash back on your everyday purchases through Payback rewards – get special offers and account credits when you use them.*

Apply Now

READYdebit® Visa Prepaid Card

readydebit visa prepaid card

  • Instant Account Number – Great for Tax Refund Direct Deposit!
  • Free† Direct Deposit – paycheck, benefits, tax refunds
  • Easy Online Bill Payment & Mobile Account Access
  • No Purchase Transaction Fees
  • No Overdraft Fees or Balance Minimums
  • Withdraw cash at ATMs or get cash back with purchases
  • Free Credit ScoreTracker1
  • Choose Your Card Color – Blue or Pink

Apply Now

PayPal™ Prepaid MasterCard®

Paypal MasterCard Prepaid Card

  • Free direct deposit – get your paycheck and government benefits up to 2 days faster.
  • Instantly transfer money from your PayPal Account to your PayPal Prepaid MasterCard!
  • Get account alerts on your mobile device or download our App to check your balance and see recent transactions
  • Open an optional savings account currently offering a 5.00% APY for balances up to $5,000 (new)
  • Earn Cash back rewards from specially selected stores, restaurants and more
  • No credit check, overdraft fees or interest charges.
  • Safer than carrying cash – use it to pay for everyday purchases.

Apply Now

READYdebit® Visa Mint Control Prepaid Card

readydebit-visa-mint-control-prepaid-card

  • $0 Monthly Fee
  • Free† Direct Deposit
  • Free† ScoreTracker with Direct Deposit
  • No Credit or ChexSystems Checks
  • No Overdraft fees
  • No bounced checks – Ever!
  • Easy cash reloading at 50,000 + retail locations
  • Send checks with easy online bill pay

Apply Now

Account Now Gold Visa®Prepaid Card

account now gold visa prepaid

  • Perfect for Direct Deposit Tax Refund – Get your Tax Refund Fast without a traditional bank account.
  • Get Paid up to 2 days faster with Free Direct Deposit † – get your paycheck or benefits checks in your card account and access your funds up to 2 days earlier than payday.
  • 100% Guaranteed Approval – upon successful ID verification. No Credit check. No ChexSystems check. And no existing bank account required.
  • $0 Activation Fee. No Minimum Balance. No Overdraft fees.
  • $15 Bonus§ with recurring Direct Deposit. Never pay to cash your paychecks and get your pay faster.
  • Use it everywhere Visa Debit cards are accepted and pay anyone with PayAnyone Bill Pay. Shop online, rent a car, pay your rent and more.
  • Easy Mobile Account Access and Text Alerts. Get your account balance, transaction details sent to your phone within seconds
  • BBB Accredited A+ Company. Excellent Customer Service.

Apply Now

ACE Elite™ Visa® Prepaid Card

ace elite visa prepaid card

  • Enroll in direct deposit today – receive your account number immediately.
  • Need your money before payday? Get paid up to 2 days faster with direct deposit.*
  • Withdraw up to $300 with no fee daily at ACE Cash Express locations with direct deposit.*
  • Mobile account access – available on GooglePlay and Apple App Store.
  • Transfer money to another ACE Elite cardholder with no fee.*
  • Always know your balance – by mobile app, email, or text message. Standard data rates apply.*
  • Earn up to 5% APY while you save in an optional savings account.*
  • Earn cash back on your everyday purchases through Payback rewards – get special offers and account credits when you use them.*

Apply Now

PEX Visa® Prepaid Card For Business

pex visa prepaid card business

  • Instantly fund employee purchases.
  • Gain 24/7 control over where and how much employees spend.
  • Save money – no surprise interest charges or overdraft fees.
  • Free Trial Period – No Monthly Fee for at least 2 months after you enroll
  • No transaction fees
  • No deposit fees
  • Cards are personalized with the cardholder’s name
  • The funds on deposit are corporate funds – not employee-owned

Apply Now

AccountNow®Prepaid Visa®Card

accountnow prepaid visa card

  • 100% Approval Guaranteed (subject to I.D. Verification)
  • $0 Monthly Fee
  • No Minimum Balance
  • No Credit Check. No Overdraft Fee.
  • Free† Direct Deposit and Online Bill Payment
  • Use it everywhere Visa Debit Card accepted
  • Now with Purchase Rewards
  • Perfect for Occasional Usage

Apply Now

Control Prepaid MasterCard®

Control MasterCard Prepaid

  • Use Direct Deposit – get your paycheck or government benefits check up to 2 days faster
  • Get your tax refund faster when you e-file and use direct deposit
  • No overdraft fees & a simple fee plan. No cost to order or activate a card
  • Qualify for a $10 Purchase Cushion and $5/month fee plan after a Direct Deposit of $500 in one calendar month
  • Earn Cash Back Rewards & Refer A Friend bonuses
  • Free Bill Pay and online budget management tools
  • Transfer money to other cardholders online or with your mobile phone
  • Free Smartphone App – check your transactions, balance and find the closest reload location

Apply Now

READYdebit Platinum Visa Prepaid Card

readydebit platinum visa prepaid

  • Get Your Premium Benefits:
  • Exclusive Rewards Program
  • Free Credit ScoreTracker1
  • Easy Mobile Account Access and Text Alerts
  • Easy Online Bill Payment & Check Writing
  • Free† Direct Deposit — paycheck, benefits, tax refunds
  • No Credit Check, No Overdraft Fees or Balance Minimums
  • Reloadable up to $10,000 Max Balance
  • Deposit is fully FDIC insured

Apply Now

NetSpend® Visa® Prepaid Card

Netspend Visa Prepaid Card

  • Get Paid up to 2 days faster with direct deposit %u2014 paychecks and government benefit checks
  • Get your tax refund faster when you e-file and use direct deposit
  • 100% Approval – No credit check needed (ID verification required).
  • Earn cash back with NetSpend Payback Rewards
  • Real-time activity alerts sent to your mobile phone.
  • Prescription Discounts – up to 55% off!
  • Funds are FDIC insured up to the current coverage limit (ID verification required).

Apply Now


READYdebit® Visa Latte Control Prepaid Card

visa-latte-prepaid

  • $0 Monthly Fee
  • No Credit or ChexSystems Checks
  • No Overdraft fees
  • No bounced checks – Ever!
  • Free Direct Deposit
  • Free ScoreTracker with Direct Deposit
  • Easy cash reloading at 50,000 + retail locations
  • Send checks with easy online bill pay
Apply Now


About Tony Phan

I work as a full-time optometrist and spend any spare time I have on HappyDoctorBlog. I love to travel, live a healthy lifestyle, and find new ways to earn a living. Through this blog, I'd like to share my experiences. Find Me: Google+, Facebook, Twitter, Pinterest

{ 1 comment… read it below or add one }

Ashley

Thanks for sharing this informative post. Prepaid cards are a growing popular and teens and youngsters for various reasons. They are easy, convenient, and a secure alternative to credit cards and cheques.

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