Wednesday, February 1, 2023

Are There Reloadable Visa Gift Cards

Don't Miss

Final Thoughts On Reloadable Prepaid Cards

KOHO Review | No-fee Spending Account & Reloadable Prepaid Visa Card

Prepaid cards and debit cards are not the same thing. However, they have similar functions. If you are looking for a card that you can use to purchase items, without having to link it to a bank account, a prepaid card may be your best bet. Some prepaid cards, however, come with hefty fees. To avoid extra spending, you should find a prepaid card that doesnt require you to pay additional fees. In this article, we discussed the pros and cons of the nine best reloadable prepaid cards with zero fees. To find the right card for you, consider your needs, as well as what you plan on using the card for.

Join Surfky

Get new insights in business and personal finance. Stay on top of the latest trends in lifestyle and the outdoors and get price-drop alerts on the hottest products.

Protection For Unauthorized Purchases

Use your Visa card to make purchases anywhere and you’re protected from unauthorized use of your card or account information. With the Visa Zero Liability policy1, your liability for unauthorized transactions2 is $0-you pay nothing.

1 Visa’s Zero Liability Policy covers Canada-issued cards and does not apply to anonymous Visa Prepaid*, Visa Purchasing, Visa Corporate, Visa Commercial, or any transactions not processed by Visa. Visa Cardholders must notify their financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please refer to your issuer cardholder documentation.

*A Visa Prepaid Card will be considered anonymous if the cardholder’s identity has not been validated by the issuing financial institution .

2 Financial institutions may exclude from the Zero Liability policy a transaction made by a person authorized to transact business on the account and/or a transaction made by a cardholder that exceeds the authority given by the account owner.

Gifting Prepaid Visa Gift Cards

There’s nothing more frustrating than having an important holiday come up and not knowing what to buy for a friend or family member. Some people seem to have everything they need already. In a case like that, it can be helpful to give a prepaid Visa gift card and let them choose their own present, though there are some drawbacks.

Read Also: Best Buy Card App

What Is The Best Reloadable Debit Card

Depending on the prepaid debit card you prefer, you may have several options for adding money that you can use for purchases. In general, theres no fee for direct deposits from payroll or government advantages, but attaching cash at a retail area will usually cost you. Other methods of reloading a prepaid card include PayPal transfer, bank transfers using routing number and account number, and mobile check deposit.

Prepaid Visa Dormancy Fee

Reloadable Gift Card

Instead of a monthly fee, some cards charge a dormancy fee if your account isnt used during a specific timeframe. For example, you make a purchase on 1/1 for a little New Years Treat. You dont use the card again until 4/1. The card has been inactive for 90 days and if dormancy fees apply, you will be charged a small fee like $3.95. Every 90 days it is unused, you will continue to be charged a fee.

You May Like: How Do I Check My Cabela’s Credit Card Balance

Best Prepaid Debit Cards

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list ofour partnersandhere’s how we make money.

  • Bluebird by American Express: Cheapest.

  • Movo Virtual Prepaid Visa: Cheapest.

  • Fifth Third Access 360° Reloadable Prepaid Card: Best for ATM withdrawals.

  • FamZoo Prepaid Card: Best for parents.

  • Greenlight Prepaid Mastercard: Best for parents.

  • Walmart MoneyCard: Best for shopping at Walmart.

  • Chime: Best cheap prepaid alternative.

What Can I Use Prepaid Cards For

Essentially, you can use a prepaid card to purchase anything that accepts a card as a method of payment. Prepaid cards are also great for emergency uses and vacations. If you are traveling far from home and dont want to risk losing your debit or credit card, you can bring a prepaid card to make purchases. Prepaid cards are also a good tool for children. If you have a teenager who doesnt quite need a bank account yet, you might consider giving them a prepaid card that they can use for necessary purchases. Or, if you give your children allowances, you can also load their allotted allowance money onto the card. Prepaid cards offer plenty of benefits, and you can truly use them how you deem fit. Further below, we talk more about how you can benefit from using a prepaid card.

Don’t Miss: How Do I Check My Cabela’s Credit Card Balance

Select Rounded Up The Best Prepaid Cards That Can Help Parents Teach Their Kids About Money And Come In Handy If You Overspend With Cash Or Credit

Selects editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

Prepaid cards are a relatively simple way for you to pay for purchases without opening a credit card or bank account. They work similar to a debit card in that you can use a prepaid card to pay bills, set up direct deposit and use mobile check deposit. You’ll even receive the same $250,000 FDIC insurance that protects your deposits if your bank fails.

One reason to opt for a prepaid card over other forms of plastic is that it’s a relatively low-risk way to manage your money. Parents can use prepaid cards as a way to teach their kids about money before making them an . And if you struggle to stick to a budget, you can use a prepaid card to help monitor your spending, with the goal of eventually graduating to a credit or debit card.

If you’re interested in opening a prepaid card, there are wide variety to choose from. To help make the process easier, Select rounded up the best prepaid cards, and below we’ve broken down everything you need to know before you sign up.

Want To Get A Visa Gift Card

Understanding How Prepaid Cards Work

A smart gift anyone can appreciate.

The Visa Gift card is an ideal choice for birthdays, holidays, weddings, and suits all your gift-giving needs. It’s also perfect for people of all ages. You decide how much money to give they decide where to spend it.

You will receive important information regarding the Visa Gift card such as how to activate and use the card. This information should be given to the recipient of the card.

You May Like: Is A Best Buy Credit Card Worth It

Go2bank Visa Debit Card

  • The Ultimate Mobile Bank Account
  • No monthly fees with qualifying direct deposit
  • Get your pay up to 2 days early
  • Overdraft protection up to $200 with opt-in & eligible direct deposit
  • Free ATM Networkwithdraw cash at thousands of free in-network ATMs nationwide

Personalized card required. Fees and limits apply. Learn more

See account agreement for terms and conditions.

Direct deposit early availability depends on timing of payor’s payment instructions and fraud prevention restrictions may apply. As such, the availability or timing of early direct deposit may vary from pay period to pay period. $15 fee may apply for each purchase transaction not repaid within 24 hours of authorization of first transaction that overdraws account. Overdrafts paid at our discretion. $3 for out-of-network withdrawals. ATM owner may also charge a fee. ATM limits apply.

Serve®Flexibility That Works for You

Serve is made with you in mind, with flexible options to fit your life. With a suite of options to choose from, Serve allows you to handle your money with ease. Our cards give you the freedom to spend online or in stores, the protection to safeguard your money, and the convenience of easy access:

  • No credit check

What Should I Do If My Gift Card Get Lost

If you lost your gift card, you can report to your issuer of the gift card and see if you can get a replacement. It depends on whether the terms and conditions of the company allow for replacement. If they replace, you will need to have the card number or the receipt you used to purchase the card.

Moreover, you will need to understand a few things, such as keeping information concerning your documents in a consolidated account such as Google Drive or any other cloud storage account. Take pictures and upload them there for reference.

Recommended Reading: How Can I Pay My Macy’s Credit Card Bill

Getting Started With Visa Reloadable Prepaid Card

Visa Prepaid cards are easy to use and reloadable, which means you can add funds onto the card at any time!

These Cards are great for every day spending such as coffees, groceries and online shopping. They are also ideal to give to younger children as an allowance card or for school field trips.

With Visa Reloadable Prepaid cards, you are protected under Visa’s Zero Liability policy 1 and the cards are secure and convenient.

Is A Prepaid Card A Bank Account

Prepaid Visa Gift Card Canada

A prepaid card is a standalone financial outcome that you load with money, and then it ultimately runs out of money unless you reload more. And a bank accounts card is called a debit card, and it operates similarly, but it is tied to the accounts funds. Neither is a credit card, which provides short term loans to the cardholder.

A prepaid card can have a similar specification to a bank account however, you can use it to deposit your paycheck or auto-debit bills. And this is because routing and account numbers can be selected to the card. Plus, neither a prepaid card nor a debit card can create credit, when you can build credit with a credit card.

If your credit is not its best, try taking out an ensured credit card for credit-building. Along with, make sure the card issuer will notify the 3 major credit bureaus of your credit habits.

Also Check: How Do I Check My Cabela’s Credit Card Balance

Reloadable Gift Cards Listed

While many gift cards are loaded with a set amount and are no longer usable once you spend that limit, several brands sell reloadable gift cards. Reloadable gift cards allow you to add to your gift card balance either on top of or after using the original balance.

These gift cards are not the same as prepaid debit cards, which typically charge a fee to reload as well as monthly maintenance fees. For example, Visa, Mastercard, Discover, and American Express all offer prepaid debit cards and gift cards, which look similar. However, gift cards are not reloadable and cant withdraw cash from an ATM or accept direct deposits like a prepaid debit card. There is typically up to a $6 charge to reload a prepaid card, as well as a monthly service charge.

Below, weve compiled a list of reloadable gift cards, including how you can reload them, along with a list of gift cards that arent reloadable. Note that none of the gift cards listed below charge reloading fees. To obtain this information, we contacted each retailers customer service department.

Fifth Thirds Access 360 Prepaid Debit Card

The Fifth Thirds Access 360° Prepaid Debit Card is a great prepaid debit card that gives you the option to go without paying fees, but you must be careful. This prepaid card does come with a $4 monthly fee, but you have two options to waive that fee: open a checking account with Fifth Third, or deposit a minimum of $500 a month onto the card. However, there are no activation or inactivity fees to worry about. One of the coolest features about this card is that you are allowed to have joint owners. This makes it a great card for parents and children.

Recommended Reading: How Do I Check My Cabela’s Credit Card Balance

Are Prepaid Cards Different From Credit Cards

Prepaid cards are very different from credit cards. At least debit cards are almost similar to prepaid cards because both require you to use what you have unless there are other agreements with your card issuer. However, in the case of a debit card, the money you use is just a loan of some sort. You have to pay the money later at the end of month.

The physical appearance of prepaid cards and credit cards is the same. It leaves many people confused and some tend to think that the two are the same. That is not true. The logos from the respective companies such as Visa, MasterCard, or American Express only show the issuer but do not indicate that the cards are similar.

Why Do People Use Reloadable Prepaid Cards

Reloadable Prepaid Cards – 5 Tips For Best Reloadable Debit Card

Though Im often told that reloadable prepaid cards are primarily used by people who cant qualify for bank accounts or credit cards, an increasing number of consumers are now using this product for a variety of other reasons. Some of the most popular reasons to buy a reloadable prepaid cards are as follows:

Avoid Banks. People who are tired of bank accounts and unpredictable bank fees are using reloadable prepaid cards to pay for products, services and bills when paying with plastic is required or is simply more convenient .

Buy Without Credit. Similarly, people who either dont qualify for credit cards or who dont want credit can still have the convenience of using their money virtually everywhere Visa® debit cards, Debit Mastercard®, or American Express cards are accepted. Because the value of the card is paid in advance there is no possibility of incurring credit card debt that cant be paid.

Shop Online Safely. With prepaid products, people can shop online without the fraud concerns typically associated with using credit cards on the Internet.

Protect Funds. Carrying a card is safer than carrying cash and storing funds in a prepaid account is much safer than keeping a stash of bills at home. If lost or stolen, a reloadable prepaid card and the balance on the account can be replaced.

You May Like: How To Pay Best Buy Credit Card On App

The Convenience Of Plastic

For people who dont have a bank account, prepaid cards can be used to conveniently shop with plastic when a debit or credit card is requiredsuch as paying for merchandise online. Although single-use cards also provide this convenience, using remaining balances and buying new cards as needed may be more work than simply adding value to the card you already have.

Quick Answer: Where Can I Buy A Reloadable Visa Gift Card

TD Connect Reloadable Prepaid Visa®Card Get a card at any TD Bank Store. Reload in TD Bank Stores, online, by phone or direct deposit.

Can you recharge Visa gift cards?

  • recharge visa gift card are more than a simple token of attention. The recharge visa gift card is used only once, regardless of its denomination. If the price of the goods is higher than the nominal value of the gift card, the amount of the difference is subject to a surcharge. The goods received on the recharge visa gift card are non-refundable.

Contents

You May Like: Credit Card Reconciliation Process

Who Should Get A Prepaid Card

Prepaid cards are increasingly popular day by day, with the number of U.S. adults who used these products at least once a month increased by 50% from 2012 to 2014, according to a 2015 Pew Trust study. You might encompass them because you cannot land a checking account according to the FDIC, about 8.4 million households b in the U.S. did not have a bank account as of 2017.

Or perhaps you acknowledge the convenience. One thing we know consumers generally choose prepaid cards to control fees, control spending, or make purchases. A prepaid card may be an especially good choice for a high school or college student, says Industry Analyst Ted Rossman.

And A parent could load money on to one of these cards to offer their child with spending cash and ease him/her into the method of paying with plastic before transitioning to a real credit card. Besides, prepaid cards are also useful for people who are scared of debt. Be wary of fees, although, and note that you wont form a credit.

The 9 Reloadable Gift Cards With No Fees

Visa Gift Card

A gift card is a prepaid shopping card loaded with a certain amount of money meant to make purchases at specific stores. Some people refer to a gift card as a gift voucher or gift token. Some gift cards are universal, whereby you can shop at any outlet. Banks usually issue general cards. Most reputable businesses issue reloadable gift cards with no fees. You just get it for free.

Gift cards are specifically for shopping purposes. You cannot withdraw cash using a gift card at any point, unlike ATM cards, which you can use to withdraw money at ATM points. As the name depicts, these are gifts. Employers, at times, give gift cards to their employees as a sign of appreciation of good work. Individuals also can provide gift cards to their loved ones during certain special days.

You can purchase a gift card from a bank or by using an online checking account such as PayPal. If you want to buy gift cards online with checking account, you need to have an account with either a bank or an online checking account such as PayPal, Payoneer, or WorldRemit, among others. When purchasing, you indicate the amount of money you wish to use before tapping okay button.

You May Like: Macys.com Mymacyscard

More articles

Popular Articles