Prepaid debit cards are the best alternative to traditional bank accounts. Prepaid cards are easy to get, there’s usually no credit check. Even people who can’t get a bank account because of a lousy banking history can access them.
They give you the chance to pay your bills online and check your deposit. A prepaid debit card can be rated as the best prepaid debit card if it has these features:
- If it offers flexible ways to spend and pay your bills
- It has minimal monthly fees
- It is widely accepted
- It has a free direct deposit
- It offers convenient card loading options
So when choosing a prepaid debit card, ensure that it has the above features. This will make you a proud holder of the card because you’ll enjoy significant benefits that the card offers.
The following are some of the best prepaid debit cards in the market;
- PayPal Prepaid MasterCard
PayPal is one of the biggest online payment platforms. The PayPal MasterCard is one of the best prepaid debit cards on the market. It costs about $4.95 per month.
This debit card offers unlimited signature and PIN purchases as well as cash back from selected stores and restaurants. Paypal MasterCard allows you to transfer money between your card and your PayPal account.
It is also possible to link other prepaid cards to your PayPal account although the process still has some difficulties linking them. You can also add some money to your PayPal account through direct deposit.
- Western Union NetSpend MasterCard
This prepaid debit card has many features that make it both inexpensive and easy to use. It offers free deposits of your paycheck or government benefits such as social security. It has another added advantage of letting you accept western union money transfers directly on your card without charge.
This card provides a pay as you go option with no monthly fee. This version charges $1 for each signature and $2 for each PIN transactions. There’s a monthly subscription of $9.95 per month, so if you’re a frequent user, this is the best fit.
- American Express Serve
American Express Cards is one of the best cards on the market. This is because it offers a low cost and provides easy ways to avoid fees and add cash. Its monthly fee is very low; $1, if you deposit $500 onto your card each month, this fee can be waived.
This card has a reserve function, you can set a certain amount of money each month for a large purchase or for family vacation. This card is also great for families; you can set sub-accounts for your kids and set spending limits for them.
- Movo Virtual Prepaid Visa
Movo Virtual Prepaid Visa Card is one of the cards which are easy to acquire and easy to use. You don’t need to sign up to acquire it. There’re no monthly fees and activation fees. This card is fit for people who want to keep costs down because there are no fees for purchases made.
This card also allows you to load cash on your card easily. You can do it via a bank account transfer, direct deposit, or withdrawal from PayPal.