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.

What is a Prepaid Debit Card?

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.

Compared to Debit Cards

Regular debit cards are connected to a checking account and withdraw funds from that bank account every time you make a purchase. With traditional debit cards, you also run the risk of overdrawing your account.

Compared to Credit Cards

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. Except, with a prepaid credit card, you need to make a security deposit or upfront payment.

7 Best Prepaid Cards to Control Your Budget

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.

American Express Serve FREE Reloads

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.

American Express Serve Cash Back

Bluebird by American Express made the list because it is one of the most affordable prepaid debit cards. This card does not charge a monthly or annual fee and still offers free reload options and free withdrawals from ATMs.

Bluebird by American Express

Movo is another low-cost card on the list, making it an excellent option for helping you to get your budget under control. Plus, they offer no ATM fees at 6,000 ATMs nationwide.

Movo Prepaid Virtual Prepaid Visa Card

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