What are the best prepaid cards? | moneyfacts.co.uk

Moneyfacts.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfacts.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.

nigel woollsey

Nigel Woollsey

Online Writer
Published: 12/02/2020

How do we decide which prepaid cards get the best rating?

Once a year, Moneyfacts financial experts take an in-depth look at all the prepaid card products currently available – carefully examining the consumer benefits and comparing these across the market. The result is the Moneyfacts Annual Star Ratings – a respected and impartial overview for both the sector and consumers alike.

We look closely at the features of each prepaid card product and the real benefits that these bring to consumers. The ‘What elements of prepaid cards do we look at?’ section below provides examples of the kind of features we look at to determine the best in class.

Once our experts have carefully assessed and evaluated the range of benefits on offer, we assign a star rating. Those awarded four or five stars are the products that consumers can consider as the best prepaid cards in 2020.

How does a star rating help me find the best prepaid card?

Our independent and impartial star ratings provide consumers with an expert view of the whole market. Customers use our star ratings as an honest and reliable way to identify the products and providers that offer the best benefits.

What elements of prepaid cards do we look at?


  • Issue fees
  • Monthly or annual fees
  • Transaction charges
  • ATM charges
  • Replacement card charges
  • Cancellation fees
  • Redemption fees
  • Cancellation/redemption fees
  • Foreign usage charges
  • Top-up charges
  • Additional card fees
  • Decline fees.


  • Top-up options
  • Number of additional cardholders
  • Top-up timescales
  • Card duration
  • Delivery times.


  • Discounts
  • Emergency cash or card
  • Free purchase protection
  • Cashback
  • Travel insurance.

Everyday Prepaid cards - Five star

  • goHenry prepaid card
  • Nimbl
  • Optimum Prepaid Mastercard
  • Prepaid Financial Services card

Travel Prepaid Cards - Five Star

  • AA Euro Card
  • AA Worldwide: Sterling Card
  • Caxton Multi Currency
  • Centtrip Prepaid Mastercard
  • EasyFX
  • Fairfx Dollar
  • Fairfx Euro
  • Fairfx Everywhere
  • lm Card
  • Volopa Consumer Multi-Currency
  • WeSwap Mastercard

Travel Prepaid cards - Four star

  • Cashplus Dollar
  • Cashplus Euro
  • easyjet Euro currency card
  • Virgin Dollar Card
  • Virgin Euro Card

Related Star Ratings

See more star ratings
guides icon
The Best Travel Insurance

We've identified the top 100 travel insurance providers.

Read More
guides icon
What are the best credit cards for 2022?

What are the best personal current accounts in 2021?

What are the best personal current accounts in 2021?

Read More
guides icon
What are the best personal current accounts in 2022?

What are the best personal current accounts in 2021?

What are the best personal current accounts in 2021?

Read More

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.


Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy