Jonathan Halloway

Expertly compared by Jonathan Halloway

Products Updated April 30, 2018

Compare Prepaid Cards

We compare and display a huge range of pre-paid cards so that you can quickly find a card that matches your needs and preferences. Choose a pre-paid card that matches your preferences and click through to apply for that card online direct with the issuer.

5 providers expertly compared:

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All credit types
Rated 4.8/ 5

Pockit Why?
Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Admin Fee
99p Per Month

Transaction Fees
Free

ATM Fees
Free

Load Charges
Debit Card & Paypoint 99p
Bank Transfers are Free

Pockit believe that accounts should be available to all types of people, regardless of their income or credit rating. They believe that fees should be simple, fair and without any nasty surprises.

5 providers expertly compared:

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All credit types
Rated 4.8/ 5

U Account

Admin Fee
Free

Transaction Fees
Free

ATM Fees
£1

Load Charges
Free Bank Transfers

With the U Account you can get all the features of a bank account plus a whole lot more. Manage your money on the go, view your spending, and even organise your funds into different accounts.

5 providers expertly compared:

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All credit types
Rated 4.8/ 5

WeSwap

Admin Fee
Free

Transaction Fees
Free

ATM Fees
Free

Load Charges
Bank Transfers are Free
Debit Cards are Free

We Swap is a British Bank Award Winner for Best Travel Money Provider in 2018. Get the best rates on your foreign currency with our travel card and app. WeSwap is up to 10 times cheaper than banks and bureaus.

5 providers expertly compared:

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All credit types
Rated 4.7/ 5

goHenry

Admin Fee
£2.99 per month

Transaction Fees
Free

ATM Fees
£0.50

Load Charges
Free Bank Transfers

goHenry is a Pre-paid Card and App with unique parental controls which are ideal for younger people and teenagers aged 6 to 18. You can join today and try goHenry FREE for a whole month without obligation. No credit card required.

5 providers expertly compared:

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All credit types
Rated 4.5/ 5

FairFX Corporate Card

Admin Fee
£10

Transaction Fees
Free

ATM Fees
£1.50

Load Charges
Free Bank Transfers

FairFX provide currency solutions to over 5,000 UK businesses who want to manage their costs and use a smarter way to manage their employee expenses and international money transfers.

FAQ's

How do I know which card is best for me?

Prepaid credit cards are a modern alternative to the traditional credit card, allowing you to take control of your spending and your debts in a way that other forms of card don't. You can use them wherever you can use either debit or credit cards, and they can be obtained easily without a credit check.

If you don't have any other form of card, and want to go shopping on the internet, then these cards can also help you to pay online where other online payment methods are not accepted. These prepaid credit cards come with the additional benefit of being limited to what you put onto the card, so you can spend cautiously, or protect your finances by only allowing a small amount on the card. That way, even if your account is hacked, you will only lose the amount of money held by the card. If you think that a prepaid card might be right for you, then comparing your options might help you to select the right type for your needs.

The secret to finding the right prepaid card for you is to think carefully about how you intend to use the card, or what you need it for. If you just want to use it for shopping over the internet, then a card with low charges and online fees might be better. You may want one that will allow you to take more control over your spending, or looking for one for a child, such as a student or a teenager, that you would like to use a card but don't want them to overspend on your credit card, then a card which can't be piled too high with money might be better. If you have considered these reasons then you can start to look at which types of card might be best for your needs.

Are these cards good for credit building?

The Creditbuilder card, which is more expensive, and more exclusive, but it can benefit you if you have poor credit, and need help in rebuilding your credit score. With this card, you pay the set-up fee of £5, and then the company lend you a total of £65 for the year, and then you repay the card company each month, while still using the card as a prepaid model. In one year, you can improve your credit rating significantly, meaning that you can boost your credit status, and start applying for traditional credit cards, and even loans.

The downside is that there is an ATM fee of £2, and it would cost £10 to remove all funds from the card. It can be expensive, but when you have bad credit it can stop you from doing everything, and can put your life on hold while you struggle to correct your credit and get back on your feet. The Creditbuilder card really can help you to do this within a 12-month period, and that may be enough to help you get back on the road to a normal credit rating.


What options for teenagers?

Designed especially for teenagers and young people, the card allows parents to keep an eye on the card, as well as top it up through a mobile app, and allows free daily cash withdrawals of up to £120. The card also allows parents to set a budget, limit where the card can be used, and monitor spending as it happens. They can also set tasks or chores for their children. There is a monthly fee of £1.97 for each card used, but the restrictions means that parents can exercise more control over their child's spending than with standard prepaid cards.

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Rating: 4.6 / 5 with 27 votes

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