7 Best Prepaid Cards to Control Your Budget

While traditional credit cards are great consumer products because they reward your spending, the best prepaid cards are useful because they can help you control your budget

A prepaid card, or prepaid debit card, is a card issued by a bank or financial institution that you can pre-load funds on to for payment. 

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What is a Prepaid Debit Card?

Compared to Debit Cards

Prepaid debit cards are slightly different than regular debit cards. Regular debit cards are connected to a checking account and withdraw funds from that bank account every time you make a purchase. 

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Compared to Credit Cards

Traditional credit cards (like the Blaze MasterCard) are drastically different than prepaid debit cards for several reasons, including the fact that conventional credit cards offer rewards, perks, and have a bill that you pay off every month. Prepaid credit cards, or secured credit cards, work similar to a regular credit card in that you need to apply, have your credit checked, and get approved for the card.  

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This card makes for a great checking account replacement because of its wide range of free reload methods across many retailers. Plus, the card has free ATM withdrawals at MoneyPass ATMs and no purchase fee when you apply online. 

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7 Best Prepaid Cards to Control Your Budget

American Express Serve FREE Reloads

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American Express Serve Cash Back

The second of the American Express cards charges slightly more in fees, but offers 1% cashback rewards in return. This was actually the only card I could find that clearly stated what their rewards program was online. 

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Bluebird by American Express

This card does not charge a monthly or annual fee and still offers free reload options and free withdrawals from ATMs. If you are solely looking for a cheap card to help manage your spending, the Bluebird card could be a good fit for you. 

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