Credit cards Updated:
Ever thought of getting a prepaid credit card? It could be a great option if you want the convenience of card spending with the peace of mind that you won't be able to get in debt, with these cards allowing you to set yourself a budget that you can't stray from. They're available to everyone, regardless of credit rating, and can be ideal for travelling as well. But how do you know which one could be right for you? Well, that's where we come in.
Moneyfacts has completed its annual assessment of the prepaid card market and announced its Star Ratings accordingly, so if you're looking for a new deal, a card that boasts the coveted Moneyfacts logo could be a great place to start!
The Moneyfacts Prepaid Card Star Ratings look at cards both for everyday use and those designed for travel. They're based on the weighting of specific features that are likely to be the most relevant when you're looking to take out a prepaid card, including access, flexibility and the number and size of charges that could be incurred, as well as the all-important headline fee and/or associated exchange rates.
Our dedicated research team has extensively analysed these products to help you choose, with confidence, the card that could best suit your needs in terms of ongoing quality, so you can be sure you're getting a card you can rely on.
"Prepaid cards can be a valuable tool for those looking for security or to manage their spending," said Samantha Owens, Insight Manager at Moneyfacts. "Yet whether for everyday use or for travel, the combination of fees and charges along with the variety of benefits and incentives on offer can make it hard to choose.
"The Moneyfacts Prepaid Card Star Ratings allow the customer to focus their attention on the card with the most functionality, competitive charges and benefits for whatever they wish to use the card for."
Below is a list of the categories and cards that have been awarded a Moneyfacts Prepaid Card Star Rating of four or five, any one of which could be great for your needs. If you want a closer look at the options available, make sure to check out our Best Buys for more details on the best prepaid cards in the market, and read our guide on the pros and cons of these cards for more information.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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