Prepaid cards are quite popular these days, especially for people who have no bank account and those who do not like to carry too much cash. Since there are various kinds of prepaid cards available, you may want to choose the one that suits you best. The following are some recommendations.

Bluebird

Bluebird requires fewer fees than other prepaid cards. You do not have to pay for activation, online card purchase, monthly maintenance, and overdrafts. Besides, Bluebird can provide you with roadside assistance and purchase protection. You may also get access to over 30,000 ATMs without paying fees.

However, you might be charged a fee when reloading cash at retailers other than Walmart, and free mobile check deposits can take as long as 10 days.

American Express Serve FREE Reloads

This card charges no fee when you add cash to it at Walmart, CVS, 7-eleven, Rite Aid, and other locations. Free direct deposit and free bank account transfers are also available. If your purchases are regarded as eligible, you can get purchase protection.

The defect is that you are required to pay $6.95 each month for maintenance (except in New York, Texas, and Vermont).

American Express Serve Cash Back

American Express Serve Cash Back provides an unlimited 1% cashback on all purchases, which is a rather unique advantage for prepaid cards. You can also enjoy free access to more than 30,000 ATMs.

Though the card charges $7.95 monthly, if your spending exceeds $795 each month, you can make up for it. Notice that you have to pay another $3.95 for cash reloading.

Walmart Moneycard

This card offers 3% cash back at Walmart.com, 2% at Walmart fuel stations, and 1% at Walmart stores. Besides, it earns a 2% interest on linked savings accounts every year. No overdraft fees are required.

If you put $1,000 or more into the card per month, you will be free from the monthly fee. Yet if you load less than $1,000, you will be charged $5.94 every month.

The primary drawback of the card is that if you need to withdraw cash from any ATM, you will have to pay $2.50.

Famzoo Prepaid Debit Card

Famzoo provides sub-accounts that allow parents to lock and unlock cards in order to let children learn to save and manage money. In addition, you can order as many as 4 cards for free and set up automatic recurring transfers that can be tied to allowances and chores.

The downside of the card is the fees you have to pay. $5.99 is required as monthly maintenance, though you may reduce it to $2.50 if you pay ahead of time. Besides, free reload choices are available only with PayPal, Apple Pay, and Square Cash.

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