Best Prepaid Debit Card Offers for 2022

Getting acquainted with the world of credit cards? We advise to familiarize yourself with managing a credit card by getting one of best prepaid debit cards. Prepaid cards often offer guaranteed approval for all customers without credit check, and they can be used just like a regular credit card for purchases and bill payments. Best of all, you do not have to worry about interest rates, late fees or exceeding your credit limit. Prepaid debit cards are designed to teach you budgeting card payments and provide you with secure way to shop. Scroll down to find the right card for you!

October 2022: BEST PREPAID CARD

4
Card Overall Rating
Any Credit
Activation Fee
No
Maintenance Fee
No
Overdraft Available
No
Direct Deposit
No
  • Users can get up to 1 in 100 odds of getting your purchase paid for by Yotta for free. Plus earn 10% tickets back on every purchase
  • FDIC insured
  • Earn 5% on extra bonus tickets for every paycheck
  • Get paid two days early when users set up direct deposit on account

More Prepaid Debit Cards

Current
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4
Card Overall Rating
  • Member funds are insured up to $250,000. Deposits are insured through Current's partner bank, Choice Financial Group, Member FDIC.
  • Current offers accounts for everyone, including teens.
  • Members receive instant spending notifications every time you swipe your card for added security.
  • Members can instantly send money for free to friends and family with Current Pay.
  • Current lets you add cash to your account at over 60,000 stores just by having a cashier scan a barcode.
Activation Fee
N/A
Maintenance Fee
Basic Account Free, Premium Account $4.99/mo
Overdraft Available
Yes
Direct Deposit
Up To Two Days Faster for Premium members
5
Card Overall Rating
  • Get $10 bonus when you sign up for Revolut!
  • Earn cashback and discounts from top brands with Rewards
  • Spend in over 140 currencies at the market exchange rate
  • Exchange in 30+ fiat currencies up to $1000 per month with no hidden fees
  • No cost out-of-network ATM withdrawals up to $1,200 per month (third party fees may apply)
  • 100% fee-free ATM withdrawals at more than 55,000 ATMs in our network
  • Trade Crypto commission free up to $200,000 per month233,234
  • 10 zero fee international transfers per month to any bank account
  • Please note that Revolut is frequently updating its products and features, see the Revolut Terms and Conditions for the latest offerings.
Activation Fee
$0
Maintenance Fee
$0
Overdraft Available
No
Direct Deposit
Free
5
Card Overall Rating
  • 10% cash back on purchases with Conscience Coalition partners
  • Up to 5.00% APY interest on savings balance (83x the national average)1
  • One out-of-network ATM reimbursement monthly
  • Opt to plant a climate change-fighting tree with every purchase you make
  • Exclusive, planet-friendly debit card made from recycled plastic
  • Carbon offsets for all your gas purchases with Planet Protection
  • $7.99 per month, or $5.99 per month with annual subscription
Activation Fee
$10
Maintenance Fee
$5.99 (billed annually)
Overdraft Available
No
Direct Deposit
Free
5
Card Overall Rating
  • B9 Visa® Debit Card- the ONLY debit card with up to 5% cashback in available categories.
  • Cashback is accumulated when using the B9 debit card for selected categories.
  • Selected categories will each have their own cashback percentage and will change monthly to reflect the highest-yielding cashback option for our members that month!
  • Deposit funds from your paycheck to your B9 account and get early access up to 100% of your earnings for the last 15 days.226
  • No-Fee Instant B9 Advances (up to 100%).
  • No-Fee ACH Transfers.
  • No-Fee Instant Transfers to B9 Members.
  • Credit Report, Credit Score, Credit Score Simulator.
Activation Fee
See terms
Maintenance Fee
$9.99 or $19.99227
Overdraft Available
Yes
Direct Deposit
Free
4
Card Overall Rating
  • Users can get up to 1 in 100 odds of getting your purchase paid for by Yotta for free. Plus earn 10% tickets back on every purchase
  • FDIC insured
  • Earn 5% on extra bonus tickets for every paycheck
  • Get paid two days early when users set up direct deposit on account
Activation Fee
No
Maintenance Fee
No
Overdraft Available
No
Direct Deposit
Free
Aspiration Application
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5
Card Overall Rating
  • Choose your own monthly fee, even if it’s zero
  • Enable Plant Your Change and plant a tree with every purchase round-up (Optional)
  • Get paid two days early
  • Shop with a conscience with your Personal Sustainability Score
  • Access 55,000+ free ATMs worldwide
  • Get 3-5% cash back on purchases at Conscience Coalition partners [including TOMs, Warby Parker, Blue Apron, Cariuma, and more]
  • Up to 3.00% APY interest on savings balance1
Activation Fee
$10
Maintenance Fee
See terms
Overdraft Available
No
Direct Deposit
Free
4
Card Overall Rating
  • Raise financially smart kids.
  • Send money instantly to your kids' accounts anytime, anywhere.
  • Real-time transaction notifications.
  • Store-specific spend controls and ATM parental controls.
  • Track all historic activity in your kids’ Spend, Save and Give accounts.
  • Switch the card on/off from the app.
Activation Fee
No
Maintenance Fee
$4.99
Overdraft Available
No
Direct Deposit
Free

Best Prepaid Cards

Prepaid debit cards do not require credit history, so they are a great way to familiarize yourself with managing a card account. You can conveniently manage your finances using a reloadable prepaid card. To start using a prepaid card, you will need to load it first using a direct deposit or any other available option. A prepaid card allows you to use your own money and therefore, there are no interest rates, late payment fees or any other fees that are usually associated with a credit account.

Here are a few things to keep in mind when deciding on a prepaid debit card and some of the perks associated with these cards:

  • Prepaid and debit cards do not help you to build or improve credit rating as they are not reported to the major credit bureaus. However, using a prepaid card you can get into the habit of paying your bills on time, which will be a good help once you have a credit card.
  • In most cases, prepaid debit cards offer guaranteed approval for all customers. Since no credit line is extended, there is no need to check your credit history or employment. However, there may be exeptions, so just be attentive.
  • You can use prepaid cards to make secure online purchases and bill payments. While prepaid cards do not have all protections that are offered with credit cards, you are still protected and can dispute unauthorized charges.
  • Cardholders can also benefit from incentives like cash back offers and rewards programs. However, only a limited number of prepaid cards gives access to such programs.
  • Prepaid debit cards allow to control expenses. You can load your card with money you are planning to spend this month and thus, keep track of your budget.
  • You can avoid annoying monthly and annual fees. Some prepaid cards waive monthly fees if you maintain specific balance or load a deposit once a month.
  • Most prepaid cards have no activation fee. Online prepaid card offers have various options, including no fee options.
  • No worries about late or overdraft charges. Most prepaid cards simply decline a transaction if its amount exceeds available funds.
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This tool finds credit offers that suit your situation best. However, only lenders and issuers decide whether you'll be approved or not for an offer.

Not Sure Which Card to Choose?

Ask Our Experts or Read Credit Card FAQs
A prepaid card is a payment card that you load with money before you can use it for purchases. Prepaid cards may look like credit cards, as they may have numbers, your name and Visa or MasterCard logo. But prepaid cards are different - you are not...
There are prepaid cards you can apply for and which will have your name imprinted on them. However, no one of the card issuers will be able to review your application, approve you, and send you a card overnight. The issuing process takes at least...
Most prepaid cards do not report to the credit bureaus as these are not about extending credit to you. Prepaid cards are not credit cards, thus they do not help your credit. But these are a good alternative to carrying cash. If you are interested in...
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