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What is the *best prepaid credit card?

Information verified correct on December 8th, 2016

If you are looking for a prepaid credit card that suits you, then you should read this article to find out what you should be looking for.

When you start researching to find the most ideal prepaid credit card there are a few things you should keep in mind. Both prepaid credit cards and regular credit cards have fees associated with them. Some of these fees can be very large, and costly.

How to find the prepaid credit card for your needs

Here are some things you should consider about the fees associated with prepaid credit cards.

  • If you need more than one prepaid card you should check and make sure that there are no added fees if you get an additional one.
  • Find out if you can monitor your usage of the card on the Internet. This will allow you to reload it online and keep track of all your expenditures.
  • Make sure that there are a lot of reload options available for the card. If this is going to be the card you use primarily while you are shopping for everyday purchases, you want to be sure that you can reload it easily and not get stuck without money on it.
  • Make sure that you can reload it 24 hours a day. This is especially important if you are travelling because of the time differences around the world. You don't want to have to reload it only during specific business hours.
  • Find out how much the fees are for various services, and when you will be charged for them.

Learn more and compare prepaid credit cards here

Comparing Pre-Paid Travel Money Cards

Rates last updated December 8th, 2016
Available Currencies ATM Withdrawal Fee Reload Fee Initial Load Fee
ANZ Travel Card
ANZ Travel Card
AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD, AUD 3.50, CAD 3.00, EUR 2.20, GBP 2.00, HKD 20.00, JPY 260, NZD 4.50, SGD 4.00, THB 95, USD 2.50 1.1% of the value purchased $0 Go to site More
NAB Traveller Card
NAB Traveller Card
AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD $0 per withdrawal on international ATMs and $3.75 per withdrawal at any Australian ATMs $0 $0 Go to site More
Cash Passport MasterCard
Cash Passport MasterCard
AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD $2.50 for withdrawals made overseas 2.95% of the amount withdrawn for domestic withdrawals $0 $0 Go to site More
Travelex Travel Card
Travelex Travel Card
AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD Travelex does not charge an ATM withdrawal fee when you use your Travelex Multi-currency Cash Passport to withdraw currencies that are loaded on the card at overseas ATMs where MasterCard is accepted. The greater of 1.1% of the initial load / reload amount or AU$15.00 $0 Go to site More
 
 
Rates last updated December 8th, 2016
Currency Conversion Fee Monthly Inactivity Fee Multiple Currencies on One Card Maximum Load Amount
ANZ Travel Card
ANZ Travel Card
3% $3 Yes $80,000 Go to site More
NAB Traveller Card
NAB Traveller Card
4% $0 Yes $45,000 Go to site More
Cash Passport MasterCard
Cash Passport MasterCard
0% $0 Yes $100,000 Go to site More
Travelex Travel Card
Travelex Travel Card
5.95% AU$4.00 per month No $5,000 Go to site More

Why you should use prepaid credit cards

There are a lot of reasons why prepaid credit cards are better than other cards, and here are just a few of them.

  • You will not have to undergo any type of credit check to get a prepaid credit card. If you have a bad credit rating you can still enjoy the benefits of this type of card.
  • You will have more control over your spending, which is great for people that have a hard time paying off credit cards. Also, you will have control over the money you give your children if you give them prepaid cards. You will be able to find out exactly what the money you gave them was spent on.
  • If you're planning on doing some travelling then prepaid travel money cards can come in handy. They can be used instead of cash or traveller's checks and they are a much safer alternative.

Learn more and compare travel money cards here

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10 Responses to What is the *best prepaid credit card?

  1. Default Gravatar
    holygrail | November 22, 2015

    Can the Woolworths prepaid credit card be used overseas?

    • Staff
      Jonathan | November 22, 2015

      Hi Holygrail, thanks for your inquiry

      We can confirm that the Woolworths Prepaid card can be used at over 30 million MasterCard merchants worldwide. You can find an ATM worldwide by using this link.

      Cheers,

      Jonathan

  2. Default Gravatar
    tanya | August 27, 2013

    hi, i am traveling to bali, do you have Indonesian rupiah available or is it just the currencies listed?

    • Staff
      Jacob | August 27, 2013

      Hi Tanya.

      It’s just the currencies that are listed. You can use your debit or credit card to withdraw the local currency from an ATM; however, unless you have a card that doesn’t chart you for currency conversion, you will get charged a foreign currency conversion fee. You can compare card that don’t charge this fee on this page.

      Thanks for your question.

  3. Default Gravatar
    Patrick | July 3, 2013

    Can pre-paid credit cards be used to register at hotels and also to hire cars

    • Staff
      Jacob | July 3, 2013

      Hi Patrick. Thanks for your question. Prepaid cards either offered in conjunction with Visa or MasterCard can be used wherever Visa and/or MasterCard are accepted – this includes millions of locations worldwide. I hope this helps. Jacob.

  4. Default Gravatar
    Matt | March 14, 2013

    Is there a minimum age for the cardholder of an ozforex card?

    • Staff
      Jacob | March 19, 2013

      Hi Matt. Minimum age for the Ozforex card is 18 – you get 2 cards when you apply. Thanks.

  5. Default Gravatar
    John | September 20, 2011

    We are looking for a credit card type system so we can get our clients to apply for. Then when clients receive a job completed for them, we can swipe the card and payment is received that day. It has to be a card that allows for a variable balance that caters for each individual client

    • Staff
      Jacob | April 10, 2013

      Ho John. Thanks for your question. Sorry for the time it’s taken to reply. You may want to consider a corporate credit card. Please contact your lender to discuss your options. Some of these cards allow companies to set spending levels and restrictions at different levels of the business. Some may offer rewards too. Jacob.

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