Which Are The Best Free Prepaid Debit Cards
Do you want free prepaid credit cards with no monthly fees or no annual fees or no minimum deposit? How about secured debit cards with rewards points or best cash rebates? There is no single best free prepaid debit cards that offers every benefits available, so you should choose one that most matches your lifestyle.
We recommend legit prepaid credit cards because they provide a lot of financial convenience to consumers and safety, especially when you have bad credit problems and cannot get a normal unsecured card from the banks. While prepaid debit cards may not suit everybody, it will be good to understand their advantages and why you get one. For example, even if you are pre-approved for unsecured credit cards, the high limits and free credit line may cause you to overspend too easily. If you are the type that lacks financial discipline, a prepaid debit card can control the amount you spend unnecessarily every month and help you save some money. Of course, for people with damaged credit, you can make use of secured prepaid credit cards issued by legit banks to help you rebuild your FICO score.
Here, we will review some of the best prepaid debit card offers from banks based on their terms and what other users have commented, after using them for a while. These offer different sets of benefits and card rewards so you should be able to find one that will suit you best, and avoid signing up too much cards that you have no use for.
Many people think that there is a difference between Mastercard and VISA prepaid debit cards in terms of the number of merchants that accept them. I have never been asked to pay via VISA or Mastercard at any shops or restaurants when I hand them my prepaid bank card. Both networks offer nearly complete global coverage with millions of merchants accepting these cards as well as ATM outlets worldwide. customer support is very adequate from both as well.
Mango Prepaid MasterCard
The free Mango MasterCard Prepaid is highly recommended for people who tend to spend $500 or more per month. This is because the monthly fee is waived when you load at least $500 onto the Mango debit card per month. So for mid range spenders, you can apply for this no credit check mastercard and no bank accounts needed. There are no hidden costs involved and everything is disclosed. Your funds loaded onto the card is also insured up to $250,000. All MasterCard secured debit cards are covered under its zero liability policy as long as you immediately report card loss or suspicious account activity.
AccountNow MasterCard Prepaid
If you want a prepaid debit card with no fee for direct deposits, the new Accountnow card can help you save hundreds of dollars every year from the waived check cashing fees. This is a secured credit card with no minimum deposit, no credit check to pass, no late fees etc. The card account fees is around $7.50 monthly average. Accountnow also provides online banking tools such as checking your balances, paying bills etc. You are also protected from fraud and identity theft by the FDIC insurance.
BBB Accredited Prepaid VISA Credit Cards
If you are looking for premium prepaid card issuers, consider those from Capital One or Netspend with BBB (better business bureau) ratings of A+. For example, the BBB accredited Netspend prepaid VISA card is highly recommended for people with bad credit ratings since they can sign up a new card with no minimum balance, 0 credit check, no late fees etc. It only cost $5 a month to maintain the card account. You can even set up a SMS alert to inform you how much credit you have remaining in your account. There is no need to worry whether your Netspend VISA cards are accepted or not with over 100,000 locations wide-ranging coverage.
Capital One® Reloadable Prepaid MasterCard
This is the cheapest prepaid MasterCard with just $4.95 in monthly maintenance fee. You can get to pay your bills online for free such as your phone, water, power bills. There are no over limit fees which is good for those who are careless in their spending and you get free direct deposit as well. This premium MasterCard is covered by FDIC insurance and zero liability program. You can sign up for the recommended no credit check Capital One® Reloadable Prepaid MasterCard for free.