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What are the Five Best Prepaid Cards with Low Fees Find Out which Prepaid Card is Right for You

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Prepaid cards are a welcoming idea for all those who want to have the convenience of being able to make a swipe at any store they like. It’s easy to purchase and use, and very accommodating for the user. It’s no longer a last resort for those who don’t have a traditional bank account or who don’t qualify for credit; everybody uses prepaid credit cards these days.It’s a great gift idea and the receiver is always thrilled to be able to go out and spend money on themselves. If you want to figure out which prepaid card has a low fee and is right for you, all you have to do is go online a research a bit.

Nilson, a respected company that monitors credit card and mobile payment companies for the past 46 years, reported that since 2013 there has been a huge increase in prepaid credit card usage. Over $118 billion has been spent on merchandise, whether online or in stores. The top fifty U.S. banks are banking on a larger usage of this method of payment. So why is it that there are many people using this low fee method of remittance as a compliment to an already existing credit card from a bank? Many cards can be used for almost any and all types of retailers. Unlike traditional banks, prepaid debit cards can also be used to withdraw cash directly, if necessary. It may cost a low fee to do that, but the convenience factor overrules. Some prepaid cards have lower fees. It’s best to comparison shop before you select a low to no fee card.

Best Prepaid Credit Card Options

The following 6 prepaid credit cards were the best picks:

  • American Express
  • Western Union
  • PayPal
  • KAIKU
  • NetSpend
  • AccountNow

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What is it about these top 6 prepaid debit cards that make them stand out to the public?

  • Monthly bills that are zero or at a minimal
  • Online ability services
  • A card that is accepted everywhere
  • Flexibility in method of payment and spending
  • Direct deposits that are free of charge
  • Card loading options that are convenient
  • Easily used on many mobile devices
  • Ability to share with friends and family

Paying Bills and More

There are many cards which have come and stayed in the mainstream, but not that many that have stood the test of time. Personal spending habits and no fee are the number one feature that is taken into consideration when people select the prepaid card they want to use or give out to their kids, parents, siblings, coworkers and so on.

  • Some cards offer a cash-back reward option just for using the prepaid card
  • You can take a photo of your check and load it online to the prepaid card
  • Some cards allow transfers from PayPal and Amazon, or even from card to card
  • You can load cash onto the prepaid card and use it later

There are some prepaid Visa or MasterCard’s that have a feature where you can control the amount of spending from that card, as well as the amount you want to load onto your card. This assists those with overdraft and interest fees, enabling them to have none of those issues anymore. 

Certain banks and companies do charge a fee for these added services, but nowadays those are not very expensive. For peace of mind, you can now deposit a tax refund or other payment from an institution that will provide you with a Direct Deposit option at no fee or low fee. If you are interested to pay your bills from the convenience of your own home and not have to stand in a long line at a post office, you can pay online using prepaid debit cards. You no longer have to put a stamp on an envelope and send a check in the mail, just go on your phone or mobile device and make that payment using prepaid debit cards electronically! You can even schedule bill payments that are reoccurring on a monthly basis at no additional cost.