Best Prepaid Credit Cards

Written By Jeff Hindenach
Last updated December 4, 2017

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Credit
June 18, 2015

Simple. Thrifty. Living.

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What to Look for in a Prepaid Credit Card

With the credit crunch in full swing and the almost $11 billion of credit card debt that the country is in, more of the younger generations are turning to prepaid credit cards for their expenses. What are prepaid cards? These are credit cards that allow you to deposit money onto them but then use them to buy things like you would a credit card. They work much like a debit card.

Why get a prepaid credit card? They are good for situations that require a credit card, like renting a car or securing a hotel room. Debit cards are hard to use in these situations because they usually require the car rental company or hotel to take out a large hold on money in your checking account, which gives you less cash to use on your trip.

Here is a complete list of the best prepaid credit cards.

About the Author

Jeff Hindenach

Jeff Hindenach is the co-founder of Simple. Thrifty. Living. He graduated from Bowling Green State University with a Bachelor's Degree in Journalism. He has a long history of financial journalism, with a background writing for newspapers such as the San Jose Mercury News and San Francisco Examiner, as well as writing on personal finance for The Huffington Post, New York Times, Business Insider, CNBC, Newsday and The Street. He believes in giving readers the tools they need to get out of debt.

  • John A • July 26, 2013

    These look fine until you realize a deposit, except directly from your employer, requires you to go to some third-party physical location and pay (about $5) to make a deposit. As a disabled person without a car, this is a problem. Why is there no online way to deposit (note, I did find one prepaid card that allows use of PayPal)?

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