Tuesday, October 4, 2022

Where To Get Prepaid Visa

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Can You Get Money From Selling Your Gift Cards

How To Get A Prepaid Visa For FREE

The answer is yes. The first consideration is that you may want to sell your gift card to friends and relatives first. If they dont want it, you can turn to a number of websites like Prepaid2Cash or MyGiftCardPlus to sell your gift card.

Just make sure that the site is legitimate so that you dont end up getting scammed out of more money or lose your gift card.

Also make sure that by the time you do sell your card, that it hasnt expired. The last thing you want is to sell your gift card to someone and have it be completely expired.

To ensure this doesnt happen, list your gift card weeks before the expiration date to ensure you have enough time to sell it.

The Stack Prepaid Mastercard

The STACK Prepaid Mastercard provides instant rewards and tools to help you manage your money without fees or debts. It lets you spend your money anywhere in the world and get instant cash back rewards at over 140 retailers. You will benefit from exclusive offers and promotions on your daily purchases. No matter where you travel, youll get the best rates in over 150 currencies with no exchange fees or ATM withdrawal fees. With the STACK Finance mobile app, you can track your weekly spending and have a clear overview of the state of your finances. It notifies you as soon as you spend, send, save or receive money with STACK. There is a cool feature that allows you to save more money so you can reach your saving goals faster. Zero Liability fraud protection is offered with this prepaid credit card and allows you to block your account at any time.

What Are The Different Types Of Cards

Here are the four main types of cards youll encounter when looking for a financial card, along with how they work and what makes them unique.

Prepaid cards

A prepaid card, also called a pay-as-you-go card, is a product that only lets you spend money youve loaded onto it in advance. Instead of borrowing money from a bank that you must pay back later , you are spending your own preloaded money. One of the conveniences of prepaid cards is that they are available almost anywhere, from grocery stores to gas stations, and you can use them anywhere their payment network is accepted.

Here are some of the most common types of prepaid cards:

  • General-purpose reloadable cards
  • Government benefit cards

Debit cards

A debit card is issued by a bank and linked to a checking or savings account. Each time you use a debit card, you are transferring money electronically from your bank account to pay for your purchase, reducing your bank account balance. You can also use a debit card to withdraw cash from your account via an ATM. Debit cards are a big industry. Wells Fargo dominates the industry, with more than 50 other issuers competing in the market, according to the Nilson report.

A debit card may not have the protections of credit or charge cards, although some financial institutions place protections on their debit cards, and debit cards can have federal deposit insurance through the bank.

  • Secured cards and other credit-builder cards

Charge cards

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Best Prepaid Debit Cards And Alternatives: Summary

Account/card

None

METHODOLOGY

We looked at 40 reloadable prepaid debit cards offered by some of the biggest banks, credit unions and prepaid debit card issuers. Where multiple card plans existed, only the basic monthly fee plan was considered.

We analyzed four categories for each card: general fees and features, purchases and withdrawals, reload fees and options, and other services such as bill pay and savings accounts. The cards that made this list had the best combination of these categories. Some cards in this roundup have nonbank program managers that partner with banks. Regardless, all the cards issuers are banks that insure consumers money through the Federal Deposit Insurance Corp. No cards above have overdraft fees.

Prepaid debit cards that we considered included:ACE Elite Visa Prepaid Debit Card, American Express Serve, Bluebird by American Express, Fifth Third Access 360° Reloadable Prepaid Card, Green Dot Prepaid Visa Card, Mango Visa Prepaid Card, Netspend Prepaid Card, PayPal Prepaid Mastercard, RushCardPrepaid Visa Card.

We also looked at three alternative, or non-traditional, accounts from financial institutions: Chime, GoBank, Moven.

What the ratings mean:

How To Add Money To Prepaid Cards

Prepaid debit cards international

Once youâve used the balance on a prepaid card, you have to add more money to it if you want to keep using it. There are several ways to do this:

  • Deposit money directly to the card from a checking or savings account.
  • Deposit money to the card from paychecks or other sources of regular income.
  • Reload the card at a retail location using cash.
  • Purchase a reload pack to add a predetermined amount of money to your card.

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Give Out The Visa Gift Card As A Gift

Sometimes, you may be required to give a gift to a friend or a family member for special occasions such as weddings.

Since the prepaid Visa gift cards are usually bought in denominations of $100, $200 or $500, it can be an excellent gift and will essentially serve as cash.

Instead of giving a check, a Visa gift card is just as good.

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Netspend Prepaid Mastercard: Best Mastercard For Everyday Use

Why we picked it: Payments can be received quickly via direct deposit, sometimes processed up to two days faster than many banks. Cardholders can earn Payback Rewards on eligible purchases which are then applied to your account.

Pros: Deposits and other account services can be managed using the Netspend® Mobile App on your phone.

Cons: There is up to a $9.95 monthly fee in addition to $2.95 for ATM withdrawals, up to $3.95 for cash reloads, the greater of 2% or $5 a month in payroll fees and a potential $5.95 monthly fee if your account is inactive.

Who should apply? In lieu of a bank account, this can be a convenient option for making and receiving payments as well as withdrawing cash.

Read more on the Netspend® Prepaid Mastercard®.

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Do Prepaid Cards Come With Fees

Before you open a prepaid card, it’s important to understand what fees may be associated with them. Most prepaid cards charge monthly maintenance fees around $10, which is similar to checking account fees that can cost up to $15 a month. But you may also pay a fee to open your prepaid card, typically around $5.

You can also expect to incur an ATM fee, reload fee and foreign transaction fee with many prepaid cards.

The PayPal Prepaid Mastercard® can cost up to $4.95 to purchase the card and charges you $4.95 a month to use the card. You may also incur ATM withdrawal fees of $2.50, check deposit fees ranging from $0 to 5% of the total check amount and a 4% fee on purchases made outside the U.S.

There are options out there with minimal fees. Bluebird® by American Express has no card opening fee when you open an account online , no monthly fee and no foreign transaction fees.

While there’s typically no minimum balance requirement, you could get stuck paying a monthly fee you regardless of your balance. Make sure you’re familiar with your card’s terms of service and reach out directly to your card issuer for more information.

Can You Take Money Off A Gift Card

Get a Prepaid Visa Debit Card that PAYS REWARDS

Sadly, probably not. You cant simply take a gift card to an ATM machine and get cash immediately.

Why? Just for the simple fact that it is a gift card. However, there are plenty of options that you can do to get money in exchange for the value of the gift card.

You can likely get money off of a reloadable prepaid card. But thats not the question. We are talking about gift cards. Based on our research, the best option to get cash in exchange for a gift card is to simply sell it for a discount instead.

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Prepaid Vs Credit Card

Figuring out whether your card is prepaid or credit can be confusing because both can have network symbols on the front of the card, such as American Express, Visa or Mastercard. But they are very different.

A credit card is a lending product. With a credit card, you charge a purchase, then you can pay it back in full by the due date and avoid paying interest charges. Alternatively, you can carry the balance to the next month and pay interest. The going APR for credit cards vary depending on the type of card, but the average is 16.13% per our rate report.

A prepaid card uses your money to pay for purchases. You load the card with the amount you want, then use the card as you would use a credit card, presenting the card at the register. The difference is you dont pay interest fees because you are using your own money you arent borrowing. However, prepaid cards can have fees for signature purchase transaction fees, PIN purchase transaction fees and foreign transaction surcharges. That said, prepaid cards can have features such as the ability to get text messages or email alerts with the Blue Netspend Visa Prepaid Card.

Advantages to credit cards are that you can use them to build credit, and you can use them to borrow money. Prepaid cards are helpful when you have had difficulty with credit or you dont want a checking or savings account.

Youre Our First Priorityevery Time

We believe everyone should be able to make financial decisions with confidence. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free.

So how do we make money? Our partners compensate us. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.Here is a list of our partners.

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Shop Smart Shop Secure

Chip technology enhances an already secure payment system. Its recognized around the world as a standard of safety and security.

Verified by Visa* gives you another layer of protection when you shop online at participating merchants.

Visa’s Zero Liability Policy means that if someone steals your card or your card details, you wont be held responsible for fraudulent purchases processed through the Visa network, as long as you meet your obligations.3

Active fraud monitoring helps protect your money by detecting possible fraudulent transactions.

The CIBC Smart Prepaid Visa* Card is not a credit card. Unlike a credit card, which allows you to access a credit limit and pay the bill later, prepaid cards let you load what you need in advance. You use your own money, which you can load onto your card from a CIBC bank account or personal line of credit.

You can buy a CIBC Smart Prepaid Visa* Card at any CIBC Banking Centre, and through CIBC Online Banking® and CIBC Mobile Banking®.

You can buy only one reloadable CIBC Smart Prepaid Visa Card for your own use. Additional cards cant be issued under your account. If youd like to give a card as a gift, and you are an Aventura cardholder, you can redeem your Aventura Points for a CIBC Visa* Prepaid Gift Card. For more information, visit CIBC RewardsOpens a new window in your browser.

LIMIT4

Daily maximum ATM withdrawal limit

$1,000.00

Daily maximum point of sale purchase limit

$3,000.00

$10,000.00

If you order your card online

When You Should Get A Prepaid Card

Visa Card: Get $1000 prepaid Visa Card

Prepaid cards are a good option for parents who want to give their kids spending money without handing them cash that could potentially get lost. You can request a new prepaid card if it goes missing, and many card issuers allow you to lock your card to prevent unauthorized use.

And since you can incur overdraft fees with a debit card or quickly run up a balance on a credit card, a prepaid card can help you limit your kids spending to the amount loaded on the card.

Choosing a prepaid card could be a good choice for you if you have a history of overspending. A prepaid card might be a better alternative than a debit or credit card, as it can force you to stick to a budget by declining purchases that exceed the balance in your account. But make sure it makes financial sense. Even though you’re saving on potential interest charges or overdraft fees, the monthly fees on a prepaid card can get very expensive, too. If you decide that using a prepaid card makes it easier for you to manage your finances, make sure to sign up for a no-fee card.

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Fifth Third Access 360 Reloadable Prepaid Card

Best for ATM withdrawals

Fifth Thirds Access 360° prepaid debit card takes part in Allpoints massive U.S. network and has access to over 50,000 ATMs. This card is available in the 11 states where there are Fifth Third branches, which is the only place you can get the card.

  • General fees and features: $4 monthly fee thats waived if you have $500 or more in deposits monthly or a Fifth Third checking account no costs for activation or inactivity.

  • Purchases: No fees.

  • ATM withdrawals: Free at Fifth Third ATMs and ATMs in the Allpoint ATM network free at Presto! ATMs inside Publix stores and at 7-Eleven ATMs listed on the bank’s website or mobile app $2.75 fee at other ATMs, plus any ATM operator fees.

  • Reload methods: Direct deposit, bank transfer, cash load at Fifth Third branch or ATM.

  • Other services: Card can have joint owners.

  • Downsides: Theres no access to a nationwide retail network for adding cash the cards not available in every state and the card doesnt have a separate savings feature.

How To Get Free Prepaid Visa Cards 8 Best Sites

Having money on a card is an easy way to buy both online and in shops.

Did you know that it is actually possible to earn free debit cards to use for these purposes?

In this article, I am going to show you how to get free prepaid Visa Cards, what you have to consider before getting them, and show you the best sites to get them.

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Complete Your Bank Details

After clicking next, youll be taken to a page like in the screenshot above. Enter your Receivers details. This will be information like your name, address and account/debit card info.

Click Next. According to the MoneyGram website, many account deposits are completed within minutes, subject to banking hours and systems availability.

Getting Started With Visa Reloadable Prepaid Card

Get the Prepaid Visa RushCard – Get free direct deposit

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.

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Cibc Smart Prepaid Visa Card

Fees : None

The CIBC Smart Prepaid Visa Card is a great solution for managing your spending, setting a budget, and easily topping up your card. You can deposit Canadian dollars on it from your CIBC checking, savings or personal line of credit account, by proceeding online at any time or at a CIBC branch location. You can spend according to your priorities, using only the money you have. There is no minimum age requirement for this card, which can make it an interesting tool for introducing your children to the management of their finances.

You can withdraw cash anywhere in the world from ATMs displaying the VISA or Plus symbol. With access to Visa payWave contactless payment, you can easily make small purchases and your account details can be viewed online using the app or by directly signing into your account. This prepaid credit card allows you to shop securely thanks to the secure payment service verified by Visa which offers additional protection when shopping online. The maximum card balance for the CIBC Smart Visa card is $ 10,000 and you can spend up to $ 3,000 on purchases per day. Active fraud monitoring is also available in order to detect any unauthorized activity.

Best For Saving Money: Mango Prepaid Mastercard

Heres why: While some other prepaid cards allow you to set aside money in a separate savings account, youll be hard-pressed to find a card thatll reward you more for doing so than the Mango Prepaid Mastercard®.

Its savings account offers an annual percentage yield, or APY, of up to 6% on balances as high as $2,500. Youll get a 0.10% APY on balances higher than that.

To qualify for the 6% APY, youll need to make at least $1,500 in signature purchases each month and have a balance of at least $25 in your savings account at the end of the month. Signature purchases are transactions in which you dont use your PIN to authorize the sale.

But there are some fees to be aware of.

  • Theres a $5 monthly fee, which the card issuer waives if you receive at least $800 in direct deposits each month.
  • Theres no activation fee.
  • Theres a $3 fee for domestic ATM withdrawals .
  • You may pay a fee to load cash onto the card, but it depends on how and where you load money onto the card.

Learn more about the Mango Prepaid Mastercard® in our editorial review.

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