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What Is The Best Prepaid Visa Gift Card

Prepaid Cards Are A Type Of Card That Let You Access Money Youve Loaded To The Prepaid Card Account

How Does the Solavei Prepaid Visa Card Work? Best Prepaid Debit Card?

They may sometimes be called prepaid credit cards or prepaid debit cards, but unlike credit cards, prepaid cards dont involve borrowing any money, which means theres no credit check required. And unlike debit cards, prepaid cards arent linked to your bank accounts.

Instead, you load money directly to the prepaid card account. When you make purchases with the card, you use the money you loaded.

A prepaid card can be a good alternative to a credit card if you want to avoid the temptation of racking up debt. It can also provide the convenience of plastic if you dont qualify for or have a checking account.

Heres our take on the best prepaid cards of 2021, plus some alternatives to consider.

Card
Cash back rewards

Choosing A Prepaid Debit Card

When youre choosing a prepaid debit card, you want to keep in mind things like how easy it is to apply and where the card is accepted. Also consider other factors including:

  • Fees: Know the fees ahead of time. Consider which fees will affect you the most, such as dormancy or reload fees. You can find these by looking at the terms and conditions for each card.
  • ATM use: Youll want to find out if you can use the card to withdraw money at an ATM and if there are limits to how much money you can take out at a time. Youll also want to know about withdrawal fees or how big the ATM network is for your card.
  • Rewards: Rewards are great if they apply to you. Choose a card that offers rewards such as cash back at your favorite retailer or discounts and points or using the card in certain places.
  • Additional features: Take note of what extra features are offered that will come in handy. Maybe you can track your transactions on an app or take advantage of a free identity theft program.
  • Number of cards available: If you want to give a card to a family member, see if multiple cards can be on the same account and how much each additional card costs.

Prepaid Visa Activation Fees

A prepaid Visa activation fee is a fee that is charged to the buyer of the prepaid card to put value onto the card. It occurs when you first purchase the card. At grocery stores, it is typically a $4.95 fee on top of the amount on the gift cards. An example would be $25 + $4.95 activation fee. Its a one-time fee and once it is paid you never need to do it again. Not all cards charge an activation fee but many of them do. This fee can range from $1.00 to $9.95.

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Are These Companies Trustworthy

Normally, we compare companies’ Better Business Bureau trustworthiness grades. But not all of our favorite prepaid debit card companies have been graded by the BBB, so we aren’t factoring scores into our trustworthiness review.

None of these companies have any recent scandals, so you may decide you feel comfortable using them. But to figure out whether you’ll have a smooth relationship with a company, you may want to ask family or friends about their experiences or read online reviews.

The 4 Best Prepaid Cards Of 2021

Reloadable Visa Gift Card For Kids

In a Nutshell

We think it’s important for you to understand how we make money. It’s pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials.

Compensation may factor into how and where products appear on our platform . But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That’s why we provide features like your Approval Odds and savings estimates.

Of course, the offers on our platform don’t represent all financial products out there, but our goal is to show you as many great options as we can.

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Netspend Visa Prepaid Card Best For Cash Rewards

  • With Direct Deposit, you can get paid faster than a paper check.
  • No late fees or interest charges because this is not a credit card.
  • Use the Netspend Mobile App to manage your Card Account on the go and enroll to get text messages or email alerts .
  • Card use is subject to activation and ID verification. Terms and Costs apply.
  • Card issued by MetaBank® N.A., Member FDIC. Card may be used everywhere Visa debit card is accepted.
  • See additional Netspend® Visa® Prepaid Card details by clicking Apply Now

The NetSpend® Visa® Prepaid Card offers the convenience of multiple reload options and easy account access both online and in-app. In addition, this card provides cashback offers based on your spending habits, so you can get money back in your account for purchases you would make anyway. Youll also get mobile check loading capabilities, an optional savings account, and the financial tools to set a budget online.

NetSpend lets you pay as you go, charging $2 per transaction, or pay a monthly fee for unlimited transactions. Youll also pay for cash reloads, withdrawals, and inactivity, but theres no fee for loading checks through the mobile app. two_cents_text=In case you need another reason to spend your whole paycheck, NetSpend offers free mobile check loading and rewards you for certain purchases.

Is A Prepaid Debit Card Worth The Cost

It is generally cheaper to get a debit card through your bank rather than getting a prepaid debit card. A prepaid debit card works best for a teenager or employee who you want to ensure stays within the cards limit. If one of those situations applies to you, it may be worth the fees. Additionally, if your credit isnt the best, or if you cant open a bank account for whatever reason, then a prepaid debit card is worth the cost. Just know all of the associated costs before you get a prepaid debit card so you arent surprised by monthly fees, reload fees, or any other costs along those lines.

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Fifth Thirds Access 360 Prepaid Debit Card

The Fifth Thirds Access 360° Prepaid Debit Card is a great prepaid debit card that gives you the option to go without paying fees, but you must be careful. This prepaid card does come with a $4 monthly fee, but you have two options to waive that fee: open a checking account with Fifth Third, or deposit a minimum of $500 a month onto the card. However, there are no activation or inactivity fees to worry about. One of the coolest features about this card is that you are allowed to have joint owners. This makes it a great card for parents and children.

Making A Purchase With Your Visa Gift Card

What Are The Best Prepaid Cards For Consumers
What if I change my mind and want to cancel a purchase?

If a merchant cancels a purchase transaction for you, it may take three to seven business days for the cancellation to show up on your Visa Gift card record and for the funds to be credited to your card and available for use. Check the balance on your card, either online or by phone, to see when your cancelled purchase transaction has been processed. Refer to the back of your card for the web site address/phone number of the financial institution that issued your card.

Why was my Visa Gift card declined?
  • Your card may have expired. Check the expiry date printed on the front of your card. In this case, let the merchant know how much remaining balance you have on your card. The merchant may split the transaction and allow you to pay for part of your purchase with the Gift card, and then the remaining part of your purchase with another form of payment, such as a credit, debit or cash.
  • Your remaining card balance may be less than the value of the item you wish to purchase.
  • Merchants who only possess a manual imprint machine cannot accept Gift cards which have the phrase “ELECTRONIC USE ONLY” printed on the front of the card.
  • Some internet merchants use fraud protection software that may decline a Gift card purchase transaction.
  • Your card may not be activated or registered yet. Follow the activation and registration instructions that came with the card, or contact the card issuer

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Self Credit Builder Account: Best For Building Credit

Why we picked it: You dont need a credit history for this account, which gives you the unique opportunity to grow your credit score by reporting spending habits to all three credit bureaus.

Pros: You can graduate from this account to the Self Credit Builder Account + Secured Visa® Credit Card, allowing you to work on your credit prior to getting used to carrying a card. Self will help you get a small loan to be saved in a CD, which will unlock once youve built a credit history and the account term ends. Theres also a one-time $9 to $15 account fee, which is low when compared to the cards here.

Cons: This card has no rewards and a regular APR of 12.03% to 15.98% , so be sure to pay off any balance.

Who should apply? Credit newcomers looking to build a history without immediately opening a card account should consider this option. It may be unconventional, but its a great way to get started on the journey to a good credit score.

Read more on the Self Credit Builder Account +.

Netspend Prepaid Mastercard: Best Mastercard For Everyday Use

Why we picked it: Payments can be received quickly via direct deposit, sometimes processed up to two days faster than many banks. Cardholders can earn Payback Rewards on eligible purchases which are then applied to your account.

Pros: Deposits and other account services can be managed using the Netspend® Mobile App on your phone.

Cons: There is up to a $9.95 monthly fee in addition to $2.95 for ATM withdrawals, up to $3.95 for cash reloads, the greater of 2% or $5 a month in payroll fees and a potential $5.95 monthly fee if your account is inactive.

Who should apply? In lieu of a bank account, this can be a convenient option for making and receiving payments as well as withdrawing cash.

Read more on the Netspend® Prepaid Mastercard®.

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Reloading A Prepaid Card

Depending on the prepaid debit card you choose, you may have several options for adding funds that you can use for purchases. Typically, theres no fee for direct deposits from payroll or government benefits, but adding cash at a retail location will usually cost you. Other methods of reloading a prepaid card include bank transfers, PayPal transfers, and mobile check deposits.

What Happens If I Lose My Prepaid Card

Prepaid Visa Gift Card Canada

Well, losing your prepaid card can be traumatizing. However, you need to worry less if at all nobody knew your PIN. However, you never know whether someone might have used tricky means to identify your PIN. Upon losing your card, you should report immediately to your service provider for deactivation.

You can then visit their offices in person and request a new card. Most prepaid card issuers charge you a replacement fee, which is usually small. Then transfer money from the old card into the new one.

The most important thing is to be careful so that you do not lose your card. Also, never tell anyone the PIN. In addition, you should never store your PIN notebook together with your card. It is even better to memorize the digits instead of having the PIN on a piece of paper.

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American Express Serve Cheapest Overall

This card makes it easy to avoid each and every fee. Deposit checks and access ATMs without paying a cent, and sign up for direct deposit to avoid monthly fees.

  • Monthly Fee: $6.95
  • Reload Methods: 3
  • ATMs: 1.5M worldwide
  • SimpleScore: 4.2 / 5.0

If you add at least $500 in direct deposits to your card each month, its very easy to avoid all fees with this card. You can deposit checks, withdraw from an ATM, send money to a friend, and transfer money from your bank account without forking over any cash. You can also access your paycheck early and easily manage your account online or with the mobile app. Furthermore, American Express is known for its superior customer service, and youll get added perks like Amex offers and emergency travel assistance.

Our Two Cents This card is ideal for someone who pockets ketchup packets at fast food restaurants and scoffs at the price of avocado toast youre price-conscious and pretty frugal.

How To Get Free Prepaid Visa Cards 8 Best Sites

Having money on a card is an easy way to buy both online and in shops.

Did you know that it is actually possible to earn free debit cards to use for these purposes?

In this article, I am going to show you how to get free prepaid Visa Cards, what you have to consider before getting them, and show you the best sites to get them.

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Brinks Prepaid Mastercard $15000 Limit

If youre planning to set up a direct deposit with your prepaid debit card, the Brinks Prepaid Mastercard is one good option. It has a relatively low monthly fee as long as you have a direct deposit of at least $500 per month set up. It also comes with bank-like features, including an attached high-interest savings account, a mobile app, and alerts that you can set up according to your needs. The card also has an online budgeting tool and even lets you set up virtual card numbers for one-time purchases, making it less likely that you become a victim of online credit card fraud.

This card has an overall limit of $15,000, which is pretty high, and a daily spending limit of $5,000. It doesnt offer free ATM withdrawals, but when you pay the ATM fee, you can get out up to $940 a day. And you can load up to $7,500 per day in cash onto the card.

Prepaid Cards Vs Gift Cards: Which Type Of Card Is Better

HOW TO TURN PREPAID VISA CARDS AND GIFT CARDS INTO CASHPREPAID2CASH

HomePrepaid Cards Vs. Gift Cards: Which Type of Card Is Better?

Many people opt for a gift card when selecting gifts for friends and family, thinking they offer the best value for money and flexibility as a present. If you are thinking about getting a gift card, you should take the time to consider choosing a prepaid debit card instead.

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Control Prepaid Mastercard: Best For Select Rewards

Why we picked it: This Mastercard option gives cash back rewards on select qualifying purchases. Theres also no credit check and no cost to order the card.

Pros: You can manage your money through the Control Prepaid Mastercards mobile app and wont be subject to overdraft fees on card purchases.

Cons: You cant grow your credit with this card and it requires a variable fee each month.

Who should apply? This is a good choice for those who want to avoid extra fees and even earn some cash back as they spend. However, there are cash back cards for poor credit that would do you better in the long run.

Read more on the Control Prepaid Mastercard.

How Is A Prepaid Debit Card Different From A Regular Debit Or Credit Card

A prepaid debit card is similar to a regular debit card, but there are some key differences. A regular debit card is attached to a checking account, but you don’t need a checking account to have a prepaid card. For this reason, a prepaid card can be useful for people who don’t have bank accounts but still receive cash or checks.

Unlike a credit card, a prepaid debit card doesn’t usually require a credit check to qualify. If a company does require a credit check, it’s a soft inquiry, which doesn’t affect your score. This also means getting a prepaid card won’t affect your credit score one way or another.

With a credit card, you charge money to the card and pay it off later. A prepaid debit card spends the money you’ve already loaded onto the card, so you don’t have to worry about any payments down the road.

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Other Prepaid Debit Cards We Considered That Didn’t Make The Cut

Here are some other prepaid debit cards we looked at and our reasoning for not choosing them as our favorites:

  • Walmart MoneyCard: This is a good option if you shop at Walmart frequently, because you’ll earn cash back but cash back is limited to $75 per year.
  • Fifth Third Access 360 Reloadable Prepaid Card: You might like this card if you live near a Fifth Third branch, but branches only exist in 10 US states.
  • Wells Fargo EasyPay Prepaid Card: This card is a decent option if you live near a Wells Fargo branch and ATM, but there’s a $5 non-waivable monthly service fee.
  • Greenlight: This is another worthwhile option for families, but there’s no way to deposit cash, and there isn’t a free ATM network.
  • Nestspend Prepaid: You can receive your paycheck early with Netspend, but its fees are higher than what you’ll pay with our top picks.
  • Starbucks Reward Prepaid Card: Purchases will earn you Starbucks rewards, but you can’t make ATM withdrawals with this card.

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