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.
Some prepaid cards carry monthly maintenance fees that can reduce your card balance. Check your balance often to ensure you have enough funds to use for purchases and to cover any reoccuring fees.