Best Prepaid Cards For April 2014 | Bad Credit OK, No Credit Check

by Tony Phan · 46 comments

All the best prepaid cards are mainly beneficial to those with a bad financial track record.  If you’ve got a bad credit history and are ineligible to be approved for a traditional bank account or credit card, then one of the best prepaid cards below may be a good option for you.


Advantages Of Prepaid Cards

For those who aren’t able to qualify for a credit or debit card, carrying around a Prepaid Card is a much more secure option than having a lot of cash on you.  There may be situations where your part of town simply does not have many bank branches that you can do business with, particularly in lower-income neighborhoods.  This is when a Prepaid Card can come in handy, since most of the best prepaid cards can be reloaded at major retailers like Wal-mart and drug stores.

Several of the prepaid cards below also offer larger networks of ATMs than popular banks.

Prepaid cards are also a very useful way to give your kids spending money or allowances. You can reload their cards on a regular basis and they won’t have to carry cash around.

Disadvantages Of Prepaid Cards

One of the major disadvantages of most of the best prepaid cards below is the variety of fees than you can accrue using them, from ATM fees, to reloading fees, to even customer services fees.  If you pay attention to the stipulations you can avoid a lot of these particular fees.

The other main disadvantage to all the best prepaid cards is the fact that they will not help your credit history, although some cards offer services like credit score trackers and access to credit reports.  You should always stay informed of your credit report and score with services like Equifax.

If you’ve got a bad credit history, consider applying for a Secured Credit Card.  Unlike all the best prepaid cards, most Secured Credit Cards report to the major credit bureaus to help build your credit.  Secured Credit Cards are used just like other credit cards, except they are funded with your own money. The First Progress Platinum Elite MasterCard® Secured Credit Card is one of the more popular secured credit cards. Apply for it here.


*Remember, if you have Average Credit, you might still be approved for a good rewards credit card that’s targeted to people with average credit. Take a look at the Barclaycard Rewards MasterCard for people with average credit below:

Best Prepaid Cards






Copyright © 2014 TenBestCards.com Best Prepaid Cards

About Tony Phan

Tony Phan has written 415 posts in this blog.

Tony Phan is the lead author at TenBestCards.com. Aside from his contributions to this blog, Tony enjoys traveling and spending time with his wife and good friends. You can find him on Google+.

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