Best Prepaid Debit Cards 2023

In recent years, Prepaid Cards have become popular. These cards offer an alternative to a more conventional Debit or Credit-Card.

Prepaid Cards are somehow like the Debit and Credit Cards. They enable you make online, ATM and In-store Transactions. They're provided by MasterCard or Visa. This means that you can access to use the card at tons of vendors around the world. A Prepaid Card helps in creating responsible and safe spending patterns. It is a great way of avoiding debt. You can use your Prepaid Cards anywhere Credit or Debit Cards are being approved. Prepaid Cards are much different from Credit Cards, as they do not come with any form of credit limit. Prepaid Card also differ from Debit Cards, as it is not connected to a traditional bank account. A Prepaid Card is not connected to a Credit Union Share Draft Account or a Bank Account.

List of Best Prepaid Debit Cards 2023

Unlike a Credit Card, a Debit Card paid in advance will not cause you to add up debt. Prepaid Cards provide a preventive measure for people who cannot control their expenses. You cannot spend more money on your Prepaid Card than you have paid in. Rather, you can only spend the exact amount, or less than the total amount you have loaded on your account. You pay money in advance of your spending on your Prepaid Card account. This is seldom referred to as " Loading Money onto the Card". One good thing about most Debit Cards that they come with various rewards. Then if you are avoiding Debit Cards then be sure that you are missing out on their rewards.

American Express Serve Cash Back - Debit Card Link

This Prepaid Debit Card comes with a reward like many others. It is perfect for cash back rewards. You earn 1% cash back anytime you shop with the card. The reward reflects on your account immediately after you earn them. You can use the reward anytime and for anything. Though it does not cover for the card charges, it is still better than none. The card charges $7.95 each month, except you live in Texas, New York, and Vermont. If the least amount you spend on the card each month is $795, you will get enough money back to neutralize the charges.

Based on store, cash reloads will cost you up to $3.95. You have the choice of loading money onto your Debit Card by Direct Deposit or a Bank Transfer. You get to enjoy no extra fee for every early Direct Deposit. You also enjoy Free In-Network for ATM Withdrawals, and Fraud Protection. You also enjoy 90-day Purchase protection every time you buy items up to $1000.

You won't have to pay a fee if you withdraw money from one of the 32,000 ATMs on the MoneyPass ATM network. For other ATMs not within the network, American Express charges up to $2.50 for each transaction. This is being paid along with any amount that the ATM operator may charge. Some other advantages are Fund Protection, Sub-Accounts, and Direct Deposit. Though purchases made on the Sub-Account will not yield cash back.

Walmart MoneyCard Visa - Debit Card Link

The Walmart MoneyCard Visa offers one of the best Debit Cards rewards program. It is very suitable for Walmart Shoppers. As a Walmart shopper, you stand to enjoy three percent cash back on every time you buy items on Walmart.com. You also get to earn two percent cash back on everything you buy at Murphy USA. You also get 2% at Walmart fuel stations owned by Walmart. You also get one percent cash back anytime you buy items at Walmart stores. The highest possible amount of cashback possible in a year is $75.

It is possible that you have get cut off from rewards of cash back. This means that you have reached $75 yearly bonus then you may need to analyze your finances! The Walmart MoneyCard Visa fee structure is simple and straight forward. There exists a monthly charge of $5. You can avoid this charge if you load above $1,000 on your card in the previous month. A $2.50 ATM withdrawal occurs for each transaction. You can withdraw at a Walmart location comes with no charge. There is no charge for obtaining the initial card and for making daily purchases. But there is a charge of $3 charge if you request for a replacement card. A charge of $2.50 exists for every ATM withdrawal, and requests for ATM balance is at $0.50 per transaction.

Best for Direct Deposits: Netspend Prepaid - Debit Card Link

Netspend is among the leading players in the prepaid card industry. NetSpend Visa Prepaid MasterCard is their best offering. The Netspend Prepaid features allow you to receive Direct Deposits faster than others. You can use mobile check deposit to reload cash or withdraw money sent by people who also use the card. There are over 130,000 locations. To easily manage your Netspend account, download the card's free Mobile App. Then you can also make extra money back from transactions and get account bonus when a contact signs up. Depending on your deposit preferences you can choose between two plans with different fee structures. Pay-As-You-Go is the default option, which for each signature or PIN transaction charges a fee of $1.50. The card does not charge monthly fee.

As good as the card is, it comes things to dislike about the card. Fees add up faster on the card. It is not possible to avoid some sort of charges. You are either going to pay the monthly fee or transaction fees. Ensure to keep your card active to avoid the $5.95 inactivity fee that arises if the card hasn't been active for 90 days. NetSpend Visa Prepaid MasterCard costs about $9.95. Its cash reload fee costs about to $3.95. The ATM withdrawal fee costs $2.50.

PayPal Prepaid MasterCard - Debit Card Link

This big online payment system provides Debit Cards both prepaid and regular. PayPal with its PayPal Prepaid MasterCard recently joined the Prepaid Debit Card Market. The PayPal Prepaid MasterCard does not provide as many bonuses as most other cards. But it is a good choice for people who receive a lot of funds through PayPal. This makes it very easy and get your money through an ATM for withdrawal from your PayPal account. There is no least balance, as well. It does charge $4.95 monthly fee that is deducted from the balance of the account. When you connect the card to your PayPal account, it allows you to get cash back and discounts from its dealers. If you always use their service, the cash back you will receive should offset the charges. If you get paid mostly with PayPal, your funds can be transferred from your account to the card with ease. If you're unwilling to wait to get access to your cash when PayPal transfers it to your bank account; this is a great alternative. Move the money in real time from your PayPal account. Card can be used anywhere they accept Debit MasterCard.

Payoneer - Best for Freelancers - Debit Card Link

This company is unique; it caters for the self-employed. It is particular for people who work online. For this purpose, the card holder will often not be the person who makes payments into their own account. This platform incorporates Amazon and several other marketplaces. It supports many countries and currencies and many other ways of making payments.

For many in that situation, a prepaid debit card from either Payoneer or PayPal will be their best choice. Each has several benefits: various business-facing, ease of use, global reach functions. Payoneer seems more costly, but it comes down to choosing the one that you and your customers know better. Transferring money between the two used to be complicated. But this has been resolved. If you accept payments from a variety of sources, you may well choose to go for the both cards.

Best for safe shopping: MOVO Digital Prepaid Visa Card - Debit Card Link

The protection of debit card against fraud is not as good as the credit card protection. But you will get increased security benefits with the MOVO Digital Prepaid Visa Card. It gives you a feel of safety while shopping. The card enables you to set up virtual cards linked to your real account. You can use this card anywhere Visa is accepted. You can add information about your account to Google Pay, Samsung Pay and Apple Pay.

The MOVO Digital Prepaid Visa Card has no monthly charge. But if the account is not active for 90 days, you will be charged $4.95 every month after. You can load up money to your card by direct deposit or from your checking account. You can also load your card with cash at any participating vendor for free. But remember the vendor can charge you its own fee. To withdraw cash from ATM, the 6,000 ATMs in the Visa plus Alliance network dispenses money for you at no withdrawal fee. At other ATMs you must pay a fee of at least $2 together with the fee charged by the ATM operator, if any.

A great alternative to traditional bank accounts are the prepaid debit cards. Many offer some features related to features offered by the banks excluding the overdraft charges. These services are mobile check deposit, direct deposit and online bill pay. All the prepaid debit cards listed above offer great features and benefits. Some even allow you to create your own prepaid cards with sub-accounts. So, make you choice based on your preference. Experience transaction with a Prepaid Debit Card.