After the recession, more and more people have been opting for prepaid credit cards rather than traditional rewards credit cards. Prepaid cards get a lot of flack for their steep fee schedules, however, there are plenty of often untold benefits available with some of the best prepaid credit cards. While prepaid card fees are often charged for not only putting money onto the card, but pulling money out as well, although using the best prepaid credit cards may still be a better option for individuals with poor credit or no checking account. If you find that hard to believe, check out our list of some of the best prepaid credit cards.
Best prepaid credit cards – Top 3 Prepaid Cards
American Express Prepaid Card
AMEX has long since been an institution when it comes to rewards credit cards, so it’s no surprise that they offer a prepaid credit card as well. This is one of the best prepaid credit cards because, unlike many of its competitors, there is no fee for activating and reloading the card. This prepaid card offers direct deposit, which is perfect for working class heroes without checking accounts. Although the first ATM withdrawal each month is free, AMEX charges $2 per transaction after that, which is on top of the standard $2 to $5 fee that most ATMs charge to use.
Green Dot Card
Green Dot is the prepaid card that you can purchase at every convenience store around the nation. Activation will run you about $5 in stores, however, you can order to card online for free. There is no ATM fee, which makes the Green Dot card shine as one of the best prepaid credit cards, however, if you keep less than $1,000 on your card, you will be charged $5.95 every month.
AMEX Bluebird Prepaid Card
Another American Express prepaid credit card makes our list of the best prepaid credit cards. Most prepaid cards do not offer services which are standard with most rewards credit cards, such as customer service, fraud protection, roadside assistance, and a myriad of rotating discounts for various purchases. The Bluebird card has all of these things as well as no monthly fee, making it one of the best prepaid credit cards.