Best Prepaid Debit Cards in 2023

Many of you might have been using prepaid debit cards, but are you aware of how popular they are? Prepaid debit cards have been used as early as the 1990s . They were initiated as a result of the inability of many people to qualify for credit cards. Prepaid debit cards are an excellent option if you don't want to get into debts. As credit cards allow you to spend beyond the money you have, prepaid debit cards only let you spend as much present in the account or debit card. If you still have confusion regarding prepaid debit cards, let's tell you about them briefly.

What is a prepaid debit card?

A prepaid debit card is an alternative card that can be used for transactions anywhere that accepts credit and debit cards. Using a card is considered safer and carrying cash around, which is one of the significant benefits of having a prepaid debit card. However, if you have a freehand while spending money, a debit card is a better option for you. It lets you pay only as much as you have in the card, and you keep yourself away from debts. There are several ways to put money in your prepaid debit card. Some cards can be connected to your checking account to transfer the money.

Advantages of a prepaid debit card

It is safer

Having plastic money has always ought to be reliable and safer than cash. Having a personalized PIN of the card makes it safe for personal use.

Worldwide acceptance

Due to the presence of MasterCard and Visa Card merchant acceptance, prepaid debit cards can be used all over the world without any worry.

Reloadable

The prepaid debit cards can be reloaded without having to put in any cash. You can quickly refurbish your card through the ATM, over the phone, or online at your convenience.

No debts

As much as having a credit card is convenient for shopping, over-spending can sometimes become a hassle. You might spend more than the amount you have in the account and get in debt. Debit card does not allow spending more than the amount present.

Best Prepaid Debit Cards

Prepaid cards have been used widely for some time now, and few of them are quite popular among the people. Let's tell you a few of the most favorites of users:

1. American Express Serve - Debit Card Link

American Express Serve is one of the best prepaid debit cards. It offers several benefits and services like the traditional bank account card but does not require the need to have a bank account. American express serve provides more benefits than many other prepaid credit cards. Though it has a small monthly fee, it can be avoided with a bit of planning. American Express can be considered a family card as it has an option of sub-accounts . This way, you can also teach your children to manage their finances in a better way. Other than this, the American Express Serve has two kinds of cards. One is the American express serve free reloads, and the other one is American express serve cashback.

American Express Serve - Free reloads is the perfect option for you if you need to reload multiple times in the month, whereas the American Express Serve Cashback can be the right choice for you if you are interested in cash backs. You get unlimited 1% cashback rewards whenever you pay through your prepaid debit card. However the reload fee varies for this card by retailer.

Highlights of American Express Serve

· The basic American Express Serve has a monthly fee of $1-$6.95 that can be waived off if you make $500 or more in direct deposits monthly.

· 24/7 service availability on the phone for any online inquiries

· Free online bill payments

· Access to an extensive ATM network including free withdrawals

· No monthly fees for New York, Texas or Vermont residents

· The card features a reserve function to set money aside

· Sub-accounts to set spending limits for kids

· No inactivity fees

2. NetSpend Visa Prepaid Card - Prepaid Card Link

NetSpend is considered the best choice for direct deposits as it lets allows you get paid earlier than others, even up to 2 days faster. It has served beyond 10 million users in the users in the US since 1999. You can reload the card at over 130,000 convenient locations using a mobile check deposit through the NetSpend app. The card has a straightforward fee structure that lets you make unlimited transactions without having to pay any additional amount. NetSpend offers you two fee structures to choose from.

· Pay-as-you-go is the ultimate plan Netspend offers. It does not charge you any monthly fee, but you have to pay $1.50 for each transaction.

· The Premier Fee Advantage plan is useful if you have higher deposits in the month. You would only have to pay $5 monthly, and you can make unlimited transactions.

Highlights of NetSpend Visa Prepaid Card

· You get paid two days faster through NetSpend Visa Prepaid Card

· It offers two fee plans so you can choose according to your comfort

· It does not charge any late fees like credit cards

· Can be used worldwide wherever Visa Card is accepted as it is issued by MetaBank which is a member of FDIC

· You can open a high-yield savings account and get up to 5% APY if you maintain a balance of more than $1000.

· You get a free mobile app for iOS and Android to make reloading easy for you

3. MOVO Virtual Prepaid Visa Card - Card Link

MOVO VPVC is the right prepaid debit card choice for you if you are looking for virtual options. Virtual prepaid cards are an excellent advantage for those who do not want to use their credit or debit card information for online payments and purchases. However, the card is secure as Metropolitan issues it. If you are looking to get a prepaid debit card at the blink of the eye, MOVO might not be the best option for you. It takes around ten business days for you to get the MOVO VPVC. Though, if you are looking for the most comfortable option, it is for you! You don't need a bank account to utilize MOVO; all you need is the app on your Android or iOS to make any kind of transactions. It is effortless to get the card. Just download the app and open an account. You can also generate the card virtually without having to add your card number while shopping online. The charges are $0.50 per card. There are some limitations for MOVO, like limited ATM withdrawals only up to $500 a day in the USA and $250 internationally. Also, it does not have an EMV chip.

Highlights of MOVO Virtual Prepaid Card

· No reloading fees

· No monthly fees

· No card purchase fees as it can be obtained virtually

· Free app download and management of card through the app

· Share money with friends and family using the app conveniently

· No inactivation fees

4. PayPal prepaid MasterCard - Prepaid Debit Card Link

PayPal is widely used by digital operators and freelancers for some time now. But, it has leveled up the game by joining the prepaid debit card business recently. It is great news for you if you are a regular PayPal user because you can immediately get the money transferred to your card now. You can also open a linked savings account and get a good interest on your stagnant money. There is no minimum balance required to open or operate the account; however, there is a monthly fee of $4.95. This fee won't be a big deal for you if you are earning online and using the card enough. The card can be used around the globe wherever Debit MasterCard is accepted.

Highlights of PayPal prepaid MasterCard

· Smooth transfer of money from the PayPal account to the card

· You get paid faster through direct deposit

· Cashback on selected PayPal transactions

5. Fifth Third Access 360° Reloadable Prepaid Card - Debit Card Link

This card is like a cherry on the cake for all the Fifth Third Bank customers as they get extra benefits on the card. The Fifth Third Access 360° Reloadable Prepaid Card is considered among the best choices for people looking for free ATM withdrawals . You can withdraw cash through this card using more than 50,000 ATMs nationwide without any charges. It also offers an ATM locator on the website and app to find the nearest ATM. Isn't it just great!

The card is absolutely free and does not charge any activation or inactivation fees from its users. Though, Fifth Third Access 360° Reloadable Prepaid Card has a monthly fee of $4 that can be waived off if you keep $500 or more in the card. This prepaid card is a convenient and reliable option if you are looking for cards that offer access to more than one owner.

Highlights of Fifth Third Access 360° Reloadable Prepaid Card

· No credit check requires

· Access to over 50,000 ATMs nationwide with no transaction fees

· Fifth Third Bank customers are exempted from the monthly fee

· You can add money in the card through the bank branch or mobile app

· ATM locator helps to find nearest ATMs

· Allows joint owners for the card

· Get your stolen or misplaced card replaced by the Fifth Third Bank without any penalty

These are some of the best prepaid debit cards that are not only usable in the USA but worldwide wherever the MasterCard is accepted. Get the master card that matches your requirements and make life easy for yourself!