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Top debit cards to choose from in 2021

Prepaid debit cards are an excellent option for those with a tight budget. It is also an effective budgetary mechanism if you are worried about credit card debt. As the name suggests, prepaid debit cards can be used just like regular debit cards to make purchases. However, only the amount loaded can be spent. That’s why they are useful to curb excessive expenditure. If you have been looking for a prepaid debit card, there are some fantastic options.

The market has been witnessing strong growth and is set for further rise.

The best prepaid debit cards of 2021 are:

American Express® Serve Free Reloads
While many prepaid cards charge a small fee for reloads, the American Express® Serve Free Reloads card allows you to reload your card for free at 45,000 different outlets and your bank. The card, however, charges a monthly fee of $6.95, which cannot be waived off.

American Express® Serve Cash Back
You can earn 1% unlimited cash back on your purchases, and it will be credited to your Serve account. There is a network of 30,000 ATMs that you have access to. You can also reload your card for free if done through a bank transfer or direct bank deposit. This one, too, charges a monthly fee of $7.95, but you can make use of the cashback to make up for it.

Bluebird® American Express®
You can forget about the monthly fee, activation fee, and online purchase fee with this one. You may have to pay $3.95 for card reloads. There are several other benefits of using this card: roadside assistance, purchase protection, and other offers by Amex. You can also create sub-accounts for family members whose cards can be linked to the main account.

Fifth Third Access 360° Reloadable Prepaid Card
Though the Fifth Third Access 360° Reloadable Prepaid Card is available only in 11 states, it has access to a pretty widespread network of ATMs. It charges a $4 monthly fee that you can waive off by maintaining a steady balance of at least $500 in deposits or a Fifth Third checking account. Cash withdrawal is free within the card’s network of ATMs.

MOVO Virtual Prepaid Visa Card
The MOVO card does not charge a monthly fee or a transaction fee. However, if you have been inactive for three months, there is a $4.95 inactivity fee. Online purchases are free. You can also request a physical card for other purposes like ATM withdrawal or purchases at retail stores.

Disclaimer:

The information available on this website is a compilation of research, available data, expert advice, and statistics. However, the information in the articles may vary depending on what specific individuals or financial institutions will have to offer. The information on the website may not remain relevant due to changing financial scenarios; and so, we would like to inform readers that we are not accountable for varying opinions or inaccuracies. The ideas and suggestions covered on the website are solely those of the website teams, and it is recommended that advice from a financial professional be considered before making any decisions.

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A prepaid card is nothing like a debit or credit card. A bank debit card can be used to check the balance of the account holder, and you can spend money on the card directly from your account.

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A debit card is a form of payment in which money gets debited immediately from one’s bank account, so they only spend the money they have. In this way, a debit card encourages disciplined management of finances.

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Credit cards make it easy to handle emergency expenses. When used frequently while shopping for leisure or getting other utilities, they fetch attractive rewards too. So, when it comes to choosing a good credit card, lower fees and better rewards are among the most sought-after features.

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What’s a prepaid debit card? You’ve heard of debit cards and credit cards, but this is different. This card can help you stick to a budget and limit your spending.

Here’s how to get a no fee prepaid debit card

What’s a prepaid debit card? You’ve heard of debit cards and credit cards, but this is different. This card can help you stick to a budget and limit your spending.

How prepaid debit cards work

Data suggests that more than forty million Americans don’t have a bank account. The reasons can vary, but this has opened an innovative avenue in the US financial market. Prepaid debit cards have taken the market by storm, and have ensured that there’s always a convenient method of performing transaction.