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User Questions & Answers about Prepaid Cards

People often confuse prepaid cards with credit cards thinking the first will help them to build their credit. But they are wrong. Here you will find answers to questions about prepaid cards and will be able to ask your own to get a clear understanding about how prepaid cards work.

Recently Answered Questions:

I am thinking of getting a prepaid card for my son who is away to college, he has a job but every now and then I wanted to be able to give him some extra spending money. I am considering the Arvest gift card, any advice?

Answered on February 7, 2017

Pre-paid card can be great for this sort of thing. Be aware of what fees are associated with the card. Some cards charge maintenance or other fees. Continue reading

My bank recently hiked all their fees and I’m very frustrated. I used to have a free checking account, and now it seems I pay extra for every little thing. What can I do?

Answered on December 20, 2016

That is a frustrating situation. One thing you can consider is getting a prepaid card and using that as your bank account, instead of having a traditional account. Or you can look into a bank like First Merit, which offers convenient and customer friendly financial solutions like First Merit banking... Continue reading

How old do you need to be to get a credit card? My daughter is starting high school and I’d like for her to have her own card, in case of emergencies.

Answered on November 1, 2016

It's smart to make sure your daughter is covered in case she gets into a tight financial spot, now that she's a teenager and likely to be away from you more often. Continue reading

How is a prepaid card different from a debit card or a regular credit card? I’m not sure which type of card I should encourage my teenager to get before she heads off to college. I’ve heard that a prepaid card is best, but I’m not convinced that’s true.

Answered on November 1, 2016

A prepaid card is indeed a good choice for a child headed off to college. However, it's important to understand exactly what a prepaid card is, and isn't. A prepaid card is a payment card that is used in a similar way to a credit card, but is entirely different than a credit card, as well. Continue reading

It seems like my bank charges high fees for everything these days. Are there any alternatives to having a traditional checking account with a bank?

Answered on October 3, 2016

Yes. In fact, many people these days are looking for exactly that. A prepaid card is a good way to avoid bank fees and still enjoy the flexibility of a payment card. Continue reading

I keep hearing that the Bluebird by American Express card is a great, low-fee option for a prepaid card. But I don’t really know the difference between a prepaid card and a credit card. Can you explain?

Answered on September 2, 2016

Of course. A prepaid card and a credit card may look the same, but they are very different. A prepaid card is closer to a debit card, because you are spending money you have already loaded onto the card. With a prepaid card, you will never go into debt the way you can with a credit card. Continue reading

I’m trying to improve my credit score and I have an Amex Bluebird card. Will this help me build credit?

Answered on May 22, 2016

Unfortunately, the answer is no, a prepaid card like the Bluebird card will not help you improve your credit score. Because a prepaid card allows you to spend your own money, not access a line of credit, it is not actually showing your... Continue reading

I’m looking to apply for the Western Union credit card but don’t see interest rates, can you advise?

Answered on May 5, 2016

The Western Union NetSpend card is not a credit card but a prepaid card. Therefore, you won’t find interest rates. Continue reading

If get a Western Union prepaid card will I be able to use it for bill pay?

Answered on February 12, 2016

Yes. You will be able to use a Western Union Prepaid MasterCard to pay bills, just like a credit card or a debit card. Continue reading

How old do you need to be to get a credit card? My daughter is starting high school and I’d like for her to have her own card, in case of emergencies.

Answered on February 11, 2016

It's smart to make sure your daughter is covered in case she gets into a tight financial spot, now that she's a teenager and likely to be away from you more often. However, don't be too eager to give her a credit card. Continue reading

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