Does a Best Prepaid Credit Card Exist?

While many prepaid credit cards come with hefty fees or complex rules, there are user-friendly credit cards available that offer great features and benefits. Below introduces three of the best prepaid cards available for consumers who want to save money while better managing their finances.

American Express Prepaid Cards
There are actually three types of American Express prepaid cards. First, the American Express Serve offers online bill payments and free direct deposits at over 24,000 locations. Cardholders can also add subaccounts for family members who will receive their own prepaid card. Unless the cardholders deposits 500 dollars per month, there is a one dollar monthly fee. However, cardholders who withdraw money from non-MoneyPass ATMs will accrue a two dollar fee per transaction. Second, the American Express Serve FREE Reloads card comes with all the previous benefits and more. There are over 45,000 cash reload locations, such as CVS, Wal-Mart, 7-Eleven and Dollar Family. There is a monthly fee of approximately five dollars. Finally, the American Express Serve Cash Back is one of the only prepaid cards that offers one percent cash back on purchases. In fact, the cash back is automatically added back to the cardholder’s account. The monthly fee is approximately six dollars, but cash reloads can cost up to four dollars. As long as the cardholder has a bank account for a direct deposit, these cards offer great benefits.

Bluebird
The Bluebird card is offered through American Express, but also available at Walmart. There are no monthly account, transaction or activation fees. Cardholders can easily withdraw cash at any ATM that accepts American Express cards, which includes Money Pass and Walmart’s Money Center Express ATMs. Cardholders are also able to pay bills online through Bill Pay or Bluebird checks. They can attach subaccounts for family members and also make direct deposits. In fact, there are various ways to load money onto the card, such as depositing cash at any Wal-Mart store or using the Bluebird app to perform a mobile check deposit. There are three ways to get the Bluebird card. Consumers can register for a free account through the app or website. Alternatively, they can buy a setup kit at a Wal-Mart store for only five dollars. One of the other benefits of this card is that it provides access to the American Express customer service network and fraud and purchase protections.

Chase Liquid
The Chase Liquid card is free to open, load, withdraw and reload. First, users enjoy easily accessible cash because they can withdraw from almost 16,000 Chase ATMs. In, cardholders can withdraw up to 500 per day from the Chase ATM or bank without any fees. Loading the card can be accomplished through any Chase ATM, bank or the mobile app. It can also be automated through direct deposits or Chase’s mobile app. Keep in mind that cash loads are limited to 4,000 dollars per month. However, there is no limit to direct or check deposits from a Chase savings or checking account. Cardholders can conveniently monitor their balance free of charge through online banking, Chase’s mobile App or personalized text or email alerts. The Chase Liquid card can be used for purchases at all locations that accept VISA debit cards. There is an approximately five dollar monthly account fee. Chase cards offer enhanced chip card reader security with zero liability protection and applicable FDIC insurance. To be sure, this card has excellent benefits for consumers who want to take advantage of Chase financial services without the fees.

There may or may not be one “best” prepaid card, but there are beneficial prepaid cards available that offer surprising benefits to consumers. These cards can be conveniently obtained through Chase, Wal-Mart and American Express.