![]() Cards that charge for this service received lower scores. Cash reload fee (10%): You may be charged a fee for adding funds to your card in person at select retailers.We prioritized cards with no monthly fees in our rankings. Monthly fee (25%): It’s common for prepaid cards to charge a monthly service or administrative fee, though not all do.We docked cards significantly for charging transaction fees. Transaction fee (25%): In some cases, there is a fee associated with each transaction you perform with the prepaid card.Retail/physical card price (5%): Some cards may charge a one-time fee for obtaining a physical card.We ranked each account in these eight core categories: To bring you our top picks for the best prepaid debit cards, the Fortune Recommends team compared the top cards currently available from major issuers that are accessible nationwide. However, there are certain types of transactions that aren’t allowed with prepaid debit cards, including credit card or loan payments. Most prepaid debit cards belong to a certain network, as indicated by the logo (Visa, MasterCard, American Express, or Discover) and can be used anywhere that brand is accepted. Prepaid cards typically offer limited consumer protections as well in cases of loss or theft, you might not receive the same level of security against unauthorized transactions as offered by traditional bank cards. Also, unlike credit cards, prepaid cards don’t contribute to building or improving your credit. For one, they are often laden with fees, which can erode the card’s balance over time. Though they can be convenient for some people, prepaid cards do have some notable drawbacks. What is the disadvantage of a prepaid card? ![]() You can purchase prepaid cards online, at some retailers, and from certain banks and credit unions. Frequently Asked Questions How do I get a prepaid debit card?
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