The monthly plan is what comes in at the hefty $9.95 cost. The NetSpend Prepaid card offers two different payment plans – a monthly one or a pay-as-you-go plan.
#PREPAID BANK DEBIT CARD FIVE STAR BANK PLUS#
ATM Withdrawals: $0 at 6,000 ATMs in Visa Plus Alliance ATM network ($2 at other ATMs).Reload Fee: $0 through Paypal and select methods.If you are solely looking for a cheap card to help manage your spending, the Bluebird card could be a good fit for you.
#PREPAID BANK DEBIT CARD FIVE STAR BANK FREE#
This card does not charge a monthly or annual fee and still offers free reload options and free withdrawals from ATMs. Bluebird by American Expressīluebird by American Express made the list because it is one of the most affordable prepaid debit cards. So be sure the math works out in your favor before jumping in. While 1% cashback is fantastic, keep in mind, you’ll need to spend $10,000 or more per year with this card to offset the $7.95 annual fee. This was actually the only card I could find that clearly stated what their rewards program was online. The second of the American Express cards charges slightly more in fees, but offers 1% cashback rewards in return. However, the $6.95 fee is a hefty one to pay with no rewards or bonuses offered in return. Plus, the card has free ATM withdrawals at MoneyPass ATMs and no purchase fee when you apply online. This card makes for a great checking account replacement because of its wide range of free reload methods across many retailers. The American Express Serve FREE Reloads is one of a few American Express Cards that made the list of the seven best prepaid cards. ATM Withdrawals: $0 at MoneyPass ATMs ($2.50 at other ATMs).7 Best Prepaid Cards to Control Your Budget American Express Serve FREE Reloads Prepaid credit cards are an excellent tool for building credit, whereas prepaid debit cards are a good tool for budgeting. That is a form of collateral for the lender in case you cannot pay your card back. Except, with a prepaid credit card, you need to make a security deposit or upfront payment. Prepaid credit cards, or secured credit cards, work similar to a regular credit card in that you need to apply, have your credit checked, and get approved for the card. There are also prepaid credit cards, which are different than prepaid debit cards as well. Traditional credit cards (like the Blaze MasterCard) are drastically different than prepaid debit cards for several reasons, including the fact that conventional credit cards offer rewards, perks, and have a bill that you pay off every month. That offers some protection to the consumer and comes with a cost, usually in the form of a monthly fee. There is also no bank account required to open a prepaid debit card. Prepaid debit cards have funds preloaded onto the card, and you typically cannot spend more than what you loaded on the card. With traditional debit cards, you also run the risk of overdrawing your account. Regular debit cards are connected to a checking account and withdraw funds from that bank account every time you make a purchase. Prepaid debit cards are slightly different than regular debit cards. Think of them as a gift card that you can spend almost anywhere rather than just at one store. What is a Prepaid Debit Card?Ī prepaid card, or prepaid debit card, is a card issued by a bank or financial institution that you can pre-load funds on to for payment. If you are someone who needs to reign in spending or just get a better handle on your budget, then prepaid cards could be a good solution for you. While traditional credit cards are great consumer products because they reward your spending, the best prepaid cards are useful because they can help you control your budget.