Prepaid Debit Cards
Use a prepaid debit card for all your purchases and enjoy the convenience of a credit card without the risk of damaging your credit.
Prepaid debit cards are a safe and secure way to teach your teens or students about credit, getting them in the habit of swiping a card responsibly without breaking the bank. Guaranteed approval, worldwide acceptance, and ease of use are just a few of the benefits of a prepaid card. Prepaid debit cards with a Visa® or MasterCard® logo can be used virtually anywhere that accepts credit cards, even online.
Prepaid cards are also ideal for anyone who is having a hard time being approved for a traditional credit card. Some of these cards even report to credit bureaus, meaning you can get your credit back on track without the use of a credit card. These are great training cards for teens who are not yet ready for a student credit card.
There are pros and cons to using prepaid cards. But essentially, prepaid cards are just that; cards you put cash on before swiping. No credit line, just cash. That’s the simple answer.
Check out prepaid debit cards below.
ACE Elite™ Blue Visa® Prepaid Debit Card Highlights
- Need your money before payday? Get paid up to 2 days faster with direct deposit.*
- Withdraw up to $300 with no fee daily at ACE Cash Express locations with direct deposit.*
- Mobile account access - available on GooglePlay and Apple App Store.
Carefully read about all the fees associated with a prepaid card before signing up. For example, some reloadable prepaid cards charge setup fees while others don't.