Prepaid Credit Cards



The prepaid credit cards section is organized as follows. We first hightlight the key features and attractiveness of prepaid credit cards. We then follow up by pointing our the different types of prepaid debit cards in the market. We then briefly highlight and discuss our recommended cards. This is then followed by some related articles, and finally, a directory listing of prepaid cards.

Key Features and attractiveness of prepaid credit cards

  • It is not a techinically a credit card and hence you cannot spend more than you what you "load" into your card, thereby helping you maintain spending discipline.
  • It gives you the convenience of a credit card, atm card and check card all in one. Even those with good to excellent credit may find a prepaid card useful.
  • Approval is very easy for most cards - no cedit checks, employment verification and in many cases, it is possible to get a prepaid card after bankruptcy
  • You do not need a bank account to get a prepaid card
  • For those with poor credit, getting a prepaid credit card with a CREDITBUILDER program allows you to build a credit history


Types of Prepaid Credit Cards


Basic no frills prepaid credit cards - These are your basic prepaid cards with no fancy bells and whistles. With these cards, you get the convenience of a credit card, atm card and check card all in one, but nothing else.

Reward Prepaid Credit Cards - Yes, there are even reward program and even cash back prepaid cards. Most cash back prepaid credit cards are administered by the Ameridollars Cash Back program.

Business Opportunity Prepaid Credit Cards - These are prepaid cards that pays you a referral fee (even multi-level referral fees) if you get a friend or anyone to sign up for the card.

Prepaid credit cards with CreditBuilder - These are targeted at those who need to build or rebuild their credit and want to use a prepaid card rather than a credit card. With the credit builder program, you have to pay monthly fee, which is theoritically an interest payment on loan given to you. This payment is reported to the credit agencies as an interest payment on a credit given to you. Prepaid cards with CreditBuilder program tend to have higher monthly maintanence fees.

Recommended Prepaid Credit Cards


wired plastic
We recommend the Wired PlasticTM Prepaid Visa® Card to those looking for a basic prepaid credit card. What is most attractive about this card is that it has the lowest application and transaction fees among all other prepaid debit cards. It offers flexible pricing plans, an innovative Rewards Program and several convenient card loading options including; Free Direct Deposit, Bank Transfers and Instant Cash Loading at over 100,000 retail locations nationwide. With its powerful account management tools, cardholders can; use Click-n-Pay™ to schedule recurring monthly bill payments including rent, car payment, and utilities or use PersonalPay™ to send a check to anyone or transfer money to another account online or over the phone 24/7. They offer FREE customer service, online access, and wireless alerts. Plus you never pay NSF, overdraft or bounced check fees!

vip visa card
For those looking to rebuild their credit with a prepaid credit card, we recommend the VIP Visa® Card . It has a credit builder program which allows you to build your credit over the course of 12 months.

eufora
The Eufora&#TM Mastercard® Card is suitable for most people. Those looking for just a prepaid card can just participate at the "associate level" (only $29.00 in yearly fees) and get one of the lowest cost prepaid cards around. Unlike other prepaid cards, the Eufora gives standard credit card benefits like travel accident insurance etc. You also get to participate in a monthly sweepstake if you spend $100. If you need to build or rebuild your credit, the Eufora&#TM Mastercard® Card allows you to enroll in the CreditBuilder program. You need to join at the "Preferred" ($59.00 in yearly fees) if you want to enroll in the CreditBuilder program. Enrollment in the "Preferred Levels" also allows you to earn multi-level referral fees for introducing Eufora to others.

buyright prepaid card
We recommend the BuyRIGHT Prepaid MasterCard® buyright prepaid mastercard because it is a hybrid prepaid credit card and a catalog card and offers the best features of both types of cards. As a prepaid debit card, you get the convenience of a credit card, atm card and a check card. You also choose either to pay a $7.95 monthly fee and pay no other transaction fee or pay no monthly fee, but be charged on most transaction. Every BuyRIGHT prepaid card also comes with a free membership to the BuyRIGHT Marketplace (which makes this also a catalog card). This free membership gives customers access to a $5,000 credit line that can be used to make purchases through the BuyRIGHT quarterly catalog and on-line at the BuyRIGHT marketplace. The BuyRIGHT website has over 15,000 brand name products available. Those who need to build or rebuild their credit can just make a couple of purchases through the BuyRight website and their payments will be made to two credit agencies (TransUnion and Innovis). The BuyRIGHT Prepaid MasterCard® buyright prepaid mastercard also has a reward program which allows you to earn unlimited points (1 point for every dollar you spend). The reward points do not expire as well.

Articles about Prepaid Debit Cards


Build or rebuild your credit with prepaid credit cards that has credit builder program
If you are looking to rebuild your credit, make sure your prepaid credit card enrolls in Credit Builder, a program which reports (for a fee) your monthly payments to credit bureaus. This article highlights and compares prepaid cards which has this feature...

How to make money by refering friends to your prepaid credit card?
Referal marketing has invaded the credit card sector and no more is this apparant in the prepaid debit card sector. There are several prepaid cards that pay you a referal fee for refering friends to the card, even paying lifetime commissions or tiered commisions. If you are interested in earning some extra cash with your prepaid card, then compare these prepaid credit cards that pay referal fees.





Directory of Prepaid Credit Cards


Prepaid Credit Cards with Credit Builder


Eufora Prepaid Mastercard
One-time Application Fee No one-time application fee
Annual Fee $29.95 - Associate Level
$59.95 - Preferred Level
$99.95 - Elite Level
CreditBuilder Fee $6.65 a month for Preferred membership
$10.00 a month for Elite membership
Reward Program Cash Reward Program
Participation in monthly car-sweep if you spend $100
Credit Bureaus reporting Reports to credit bureaus
eufora
Full Review
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BuyRight Prepaid Mastercard
One-time Application Fee $29.95
Minimum First Time Load $20.00
Annual Fee No annual fee
Monthly Maintanence Fee Either $7.95 a month but with no fees for money transfer or
No monthly fees, but you pay for every transaction fee
Reward Program Earn 1 point for every dollar you spend
Redeem points for for prepaid wireless airtime with Vodafone, Tracfone, Cingular and AT&T Wireless, and also internet, long distance, ring tones and music downloads
Points Expiry Reward Points do not expire
Caps on Points Earn unlimited Points
Credit Bureaus reporting Purchases from BuyRight's catalog are reported to TransUniona dn Innovis
buyright prepaid card
Review
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VIP Visa Card
One-time Application Fee $59.95
One-time Processing Fee $90.00
Minimum First Time Load $10.00
Annual Fee No annual fee
Monthly Maintanence Fee $3.95
Credit Bureaus reporting Report to credit bureaus
Fees for creditBUILDER Net of $19.95 a month for 12 months
vip prepaid visa
Review
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Vue Visa Card
One-time Application Fee $59.95
One-time Processing Fee $90.00
Minimum First Time Load $10.00
Annual Fee No annual fee
Monthly Maintanence Fee $8.90
Credit Bureaus reporting Report to credit bureaus
Fees for creditBUILDER Net of $19.95 a month for 12 months
vue visa
Review
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Credit Builder
One-time Application Fee None
One-time Processing Fee $90.00
Minimum First Time Load $10.00
Annual Fee No annual fee
Monthly Maintanence Fee $8.90
Credit Bureaus reporting Report to credit bureaus
Fees for creditBUILDER Net of $19.95 a month for 12 months
creditbuilder
Review
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Prepaid Credit Cards with Cash Back or Rewards


Wired Plastic
One-time Application Fee $9.95
One-time Processing Fee No one-time processing fee
Annual Fee No annual fee
Monthly Maintanence Fee $3.95
Reward Program Earn 1 point for every dollar you spend
Redeem points for discounted prepaid wireless airtime and long distance calls with Wired Plastic partners, which includes T-Mobile, AT&T Wireless, Cingular, Verizon and TracFone
Credit Bureaus reporting Does not report to credit bureaus
wired plastic
Full Review
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MotherLove Prepaid Mastercard
One-time Application Fee $29.00
One-time Processing Fee $50.00
Minimum First Time Load $10.00
Annual Fee No annual fee
Monthly Maintanence Fee $4.95
Reward Program Ameri Dollar Cash Rebate Program
Earn between 1.5% to 10% cash rebate on purchases with selected merchants
Credit Bureaus reporting Does not report to credit bureaus
motherlove prepaid mastercard
Review
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Secure Deposit Card Prepaid Mastercard
One-time Application Fee $59.95
One-time Processing Fee $90.00
Minimum First Time Load $10.00
Annual Fee No annual fee
Monthly Maintanence Fee $5.95
Credit Bureaus reporting Does not report to credit bureaus
sdc prepaid
Review
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Executive Plus Prepaid MasterCard® Card
One-time Application Fee $59.95
One-time Processing Fee $90.00
Minimum First Time Load $10.00
Annual Fee No annual fee
Monthly Maintanence Fee $4.95
Reward Program Ameri Dollar Cash Rebate Program
Earn between 1.5% to 10% cash rebates on purchases from partner merchants
Credit Bureaus reporting Does not report to credit bureaus
executive plus prepaid mastercard
Full Review
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Business Opportunity Prepaid Credit Cards


Vaya Prepaid Mastercard
One-time Application Fee $49.00
One-time Processing Fee No one-time processing fee
Annual Fee No annual fee
Monthly Maintanence Fee $5.95
Credit Bureaus reporting Does not report to credit bureaus
vaya prepaid
Review
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First Vineyard Prepaid Mastercard
One-time Application Fee $39.95
One-time Processing Fee No one-time processing fee
Annual Fee No annual fee
Monthly Maintanence Fee $6.95
Reward Program 1% cash rebate for every dollar you spend
Multi-level referral program
Credit Bureaus reporting Does not report to credit bureaus
first vineyard
Review
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Basic Prepaid Credit Cards


Visa Prepaid Cash Card
One-time Application Fee $59.95
One-time Processing Fee $90.00
Minimum First Time Load $10.00
Annual Fee No annual fee
Monthly Maintanence Fee $8.90
Credit Bureaus reporting Does not report to credit bureaus
visa prepaid cash card
Full Review
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Homeland Visa
One-time Application Fee $59.95
One-time Processing Fee $90.00
Minimum First Time Load $10.00
Annual Fee No annual fee
Monthly Maintanence Fee $8.90
Credit Bureaus reporting Report to credit bureaus
Fees for creditBUILDER Net of $19.95 a month for 12 months
homeland visa
Full Review
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Sterling VIP Prepaid Visa
One-time Application Fee $59.95
One-time Processing Fee $90.00
Minimum First Time Load $10.00
Annual Fee No annual fee
Monthly Maintanence Fee $8.90
Additonal Packages Executive Plus Package
Credit Bureaus reporting Does not report to credit bureaus
sterling vip
Review
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Impact Visa
One-time Application Fee $59.95
One-time Processing Fee $90.00
Minimum First Time Load $10.00
Annual Fee No annual fee
Monthly Maintanence Fee $8.90
Additonal Packages Executive Plus Package
Credit Bureaus reporting Does not report to credit bureaus
impact visa
Review
Liberty Union Visa
One-time Application Fee $59.95
One-time Processing Fee $90.00
Minimum First Time Load $10.00
Annual Fee No annual fee
Monthly Maintanence Fee $8.90
Credit Bureaus reporting Does not report to credit bureaus
liberty union card
Review
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