Five Of The Top Reloadable Debit MasterCards

by Hank Coleman

Reloadable prepaid debit cards have risen in popularity over the past few years. Over $440 billion worth of prepaid debit cards are expected to be in use throughout the United States by 2017 according to industry studies. The US Federal Reserve also estimates that nearly one-third of all American consumers have some kind of prepaid debit card. And, even the federal government uses prepaid debit cards as a way for low income individuals to receive their tax refund when they do not have a bank account. Here are five of the top reloadable prepaid Visa cards on the market today…

Five Best Reloadable Debit MasterCard Cards





Honorable Mention Reloadable Debit MasterCard

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About Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications. Hank holds a Master’s Degree in Finance and a graduate certificate in personal financial planning. Email him directly at Hank[at]MoneyQandA.com.


Hank Coleman has written 593 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman.


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{ 4 comments… read them below or add one }

Amy @ Jobcred CV Builder

Thanks for the very useful info. I’m particularly interested with Paypal. As an alternative to debit cards, I use a regular bank ATM also for over-the-counter purchases. But it is highly important to be security conscious while entering the pin in public.

Reply

SB @ One Cent At A Time

I don’t use debit cards hey don’t help building credit either even if some of ’em offer rewards.

Reply

Shawanda @ You Have More Than You Think

I noticed one of the selling points for some of these prepaid cards are “no credit check”. If I’m preloading the card with cash, why would a credit check be necessary? How much risk is the credit card company accepting if I can’t make any purchases when the money runs out?

Reply

Processing Gateway

Thank for this great information. With regards to online payments, I am personally inclined to Paypal as I feel more secure not giving some personal information in making transactions.

And as for carrying a card, credit cards carry more rewards and benefits- as long as you pay in full every month. The interests outweighs the rewards and benefits if a credit card is not properly managed.

Best regards,
Belinda

Reply

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