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Compare Our Top-Rated Prepaid Cards

Updated: 20th May 2021

A prepaid credit card can be a great option if you’re building or rebuilding credit, have kids and want to give them a payment card, or are travelling abroad. To save you time, we’ve looked through the top options on the market to find our top-rated prepaid cards.

There are a handful of factors to consider when choosing among prepaid cards, and we’ve used those factors to determine our ratings.

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Here are MyWalletHero's top-rated prepaid cards

Credit card offers from our affiliate partners appear first and are ordered from highest rating to lowest, followed by other top-rated offers. You can read more about our ratings and page sort here. Offers from affiliate partners are marked with a *.

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Great for: Spending abroad with no extra fees
5 stars question mark

This card securely places itself among the top prepaid cards for currency exchange. Not only can you use the card to spend in 150 currencies, you can also transfer money in 29 currencies – and all at the interbank exchange rate (a flat mark-up at weekends and for certain currencies may apply). Add to that a supportive mobile app, easy application process and fee-free ATM withdrawals up to £200, and you have a competitive multi-currency prepaid card package.

Read full review >

CREDIT RATING req:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • Available regardless of your credit rating
  • Spend in 150 currencies at the interbank exchange rate (a mark-up may apply at weekends and for certain currencies)
  • Money transfers in 29 currencies at the interbank exchange rate (a mark-up may apply at weekends and for certain currencies)
  • Standard option carries no monthly fee

REPRESENTATIVE EXAMPLE

Not applicable. This is not a credit product.

what we like

  • Available regardless of your credit rating
  • Spend in 150 currencies at the interbank exchange rate (a mark-up may apply at weekends and for certain currencies)
  • Money transfers in 29 currencies at the interbank exchange rate (a mark-up may apply at weekends and for certain currencies)
  • Standard option carries no monthly fee
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    N/A
  • INTRO OFFER:

    N/A

KEY SCORES:

  • 2/5 Perks
  • 5/5Fees
  • N/AAPR

HIGHLIGHTS

  • Available regardless of your credit rating
  • Spend in 150 currencies at the interbank exchange rate (a mark-up may apply at weekends and for certain currencies)
  • Money transfers in 29 currencies at the interbank exchange rate (a mark-up may apply at weekends and for certain currencies)
  • Standard option carries no monthly fee

REPRESENTATIVE EXAMPLE

Not applicable. This is not a credit product.

Great for: Teaching children good money habits
4.5 stars question mark

This card is designed to support parents and children alike. Its main benefits are built-in features which will help parents keep control of the account, such as real-time spend notifications, the ability to freeze and unfreeze the account and to decide whether the card can be used in store, online or at an ATM. Meanwhile, children can choose whether to save their money or unlock further funds by completing set tasks. The first month is free, but after that the card carries a £2.99 monthly fee.

Read full review >

CREDIT RATING req:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • Available regardless of your credit rating
  • Parent account with up to four child accounts
  • Online and mobile app managament
  • One free monthly fund upload

REPRESENTATIVE EXAMPLE

Not applicable. This is not a credit product.

what we like

  • Available regardless of your credit rating
  • Parent account with up to four child accounts
  • Online and mobile app managament
  • One free monthly fund upload
  • ANNUAL FEE:

    £35.88
  • REPRESENTATIVE APR:

    N/A
  • INTRO OFFER:

KEY SCORES:

  • 3/5 Perks
  • 4.5/5Fees
  • N/AAPR

HIGHLIGHTS

  • Available regardless of your credit rating
  • Parent account with up to four child accounts
  • Online and mobile app managament
  • One free monthly fund upload

REPRESENTATIVE EXAMPLE

Not applicable. This is not a credit product.

Great for: Simple, low-cost prepaid card
4 stars question mark

This card is transparent in its pricing, with its regular monthly cost of 99p. For this fee, you have the ability to pay in your wages and benefits, make card purchases in store and online wherever Mastercard is accepted, and access the Pockit app. Keeping it simple, there is a cost of 99p for other services too, such as paying with cash or making UK ATM withdrawals. Extras, such as up to three additional cardholders and cashback on qualifying purchases, help to sweeten the deal.

Read full review >

CREDIT RATING req:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • Available regardless of your credit rating
  • Up to three additional cards
  • Up to 10% cashback with Pockit partners
  • Multiple fee-free options to top up the card, including bank transfer and salary/wages transfer

REPRESENTATIVE EXAMPLE

Not applicable. This is not a credit product.

what we like

  • Available regardless of your credit rating
  • Up to three additional cards
  • Up to 10% cashback with Pockit partners
  • ANNUAL FEE:

    £11.88
  • REPRESENTATIVE APR:

    N/A
  • INTRO OFFER:

KEY SCORES:

  • 3/5 Perks
  • 4/5Fees
  • N/AAPR

HIGHLIGHTS

  • Available regardless of your credit rating
  • Up to three additional cards
  • Up to 10% cashback with Pockit partners
  • Multiple fee-free options to top up the card, including bank transfer and salary/wages transfer

REPRESENTATIVE EXAMPLE

Not applicable. This is not a credit product.

Great for: Building or rebuilding credit
2.5 stars question mark

The Deluxe version of this card offers a wide range of prepaid card features for a monthly account fee of £9.95. With this you can benefit from the credit rebuilder features, potentially qualify for an iDraft overdraft facility, and use the basic account features, such as those for making payments, transfers and direct debits. In addition to this, users can load their account with cash at any Post Office branch.

Read full review >

CREDIT RATING req:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • Available regardless of your credit rating
  • Creditbuilder option could help you improve your credit score (Deluxe version)
  • iDraft overdraft facility (subject to eligibility)

REPRESENTATIVE EXAMPLE

Not applicable. This is not a credit product.

*Refers to the £9.95 monthly payment option.

what we like

  • Available regardless of your credit rating
  • Creditbuilder option could help you improve your credit score (Deluxe version)
  • Fee-free option to top up the card at a UK Post Office (Deluxe version: up to £1,000/month, 0.25% fee applied to £1,000 to £5,000)
  • Purchase protection for purchases made with the card
  • ANNUAL FEE:

    £119.40*
  • REPRESENTATIVE APR:

    N/A
  • INTRO OFFER:

KEY SCORES:

  • 5/5 Perks
  • 2/5Fees
  • N/AAPR

HIGHLIGHTS

  • Available regardless of your credit rating
  • Creditbuilder option could help you improve your credit score (Deluxe version)
  • iDraft overdraft facility (subject to eligibility)

REPRESENTATIVE EXAMPLE

Not applicable. This is not a credit product.

*Refers to the £9.95 monthly payment option.


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