Prepaid cards

Another clever way to save a lot, by doing very little

Prepaid cards

Compare the best prepaid cards with MoneySuperMarket and find the right deal for you - whether you're spending overseas, 
looking to improve your credit rating, or simply want to earn cashback and rewards.

 

Everyday prepaid cards - Ordered by cards which incur the lowest first year costs for an upload of
£500 with eight transactions of £37.50 each and four ATM transactions of £50 each, includes any
special or introductory offers.

Cashplus Cashplus

Cashplus prepaid MasterCard (Freedom)

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Monthly fee

Free

Card fee

Free

Transaction fee

Free

UK ATM fee

Free

International ATM fee

Free

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Great for
  • FREE UK ATM Withdrawals, FREE Purchases, NO Monthly Fee
  • Instant online approval. No credit check to apply
  • iDraft up to £250 and £1000 Direct Debit cover available – subject to approval
But be aware that
  • You must be a UK resident aged 18 or over
Exclusive

MoneySuperMarket customers receive £10 upon first load of £50. This offer is only available through MoneySuperMarket.com. T&Cs apply.

Pockit Pockit

Pockit online current account

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Monthly fee

Free

Card fee

Free

Transaction fee

Free

UK ATM fee

Free

International ATM fee

Free

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Great for
  • Your salary, bank transfer or benefits can be paid in directly to your Pockit account by sharing your account number and sort code with your company or benefit provider. You can also pay in cash at over 29,000 PayPoint stores across the UK.
  • You'll get a Contactless Mastercard that you can use to shop in-store and online where Mastercard is accepted. When you use your card you can save up to 14% when you spend at cashback retailers.
  • Keep track of your spending and manage your money with instant notifications on your phone.
But be aware that
  • Pockit is a prepaid card, not a bank. Prepaid cards are not covered by the Financial Services Compensation Scheme (FSCS).
  • You'll need to be a UK resident and aged 18 or over to open an account.
  • You will need to pay a fee of 99p to pay in cash, withdraw cash, to make national and international transfers and there will be a 99p monthly membership fee.


See more cards for Everyday use

 

Prepaid Euro cards - Ordered by biggest saving to customers based on current exchange
rate with a  €1000 load making 10 purchases of €50 and five ATM transactions at €100 each.

FairFX FairFX

FairFX Euro Currency Card Special

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Exchange rate

Rate updated

Card fee

Free

Transaction fee

Free

UK ATM fee

Free

International ATM fee

Free

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Great for
  • Free card when you load more than £50 onto the card.
  • As a FairFX customer, you automatically earn 3.5% cashback every time you spend at selected high-street brands in the UK
But be aware that
  • There is a fee of 1.75% when card is used out of the Eurozone
Exclusive

AS A NEW FAIRFX CUSTOMER APPLYING THROUGH MONEYSUPERMARKET, YOU’LL GET £35 WHEN YOU LOAD £500 OR MORE. OFFER ONLY AVAILABLE THROUGH MONEYSUPERMARKET.COM. T&CS APPLY

Caxton Caxton

Caxton Prepaid Euro Currency Card

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Exchange rate

Rate updated

Card fee

Free

Transaction fee

Free

UK ATM fee

Free

International ATM fee

Free

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Great for
  • A simple and convenient way to manage and spend your travel money in Europe
  • Buy currency and manage spending. Hold euros, US dollars, sterling or any available currency, check balances and transactions, and top-up using Caxton's app
  • Competitive exchange rates and no hidden fees
But be aware that
  • Avoid using your card for security deposits, automated petrol stations, toll booths, car rentals and hotel room deposits
  • Always choose local currency when using your Caxton Card if you're given the choice of paying in either euros or in sterling
  • If you use your card at ATMs and at point-of-sale in the UK, a £1.50 fee will be applied. Outside the UK, fees do not apply.
Exclusive

MONEYSUPERMARKET CUSTOMERS RECEIVE £30 CASHBACK ON LOADS OVER £500. THIS OFFER IS ONLY AVAILABLE TO NEW CUSTOMERS THROUGH MONEYSUPERMARKET. T&CS APPLY.

WeSwap WeSwap

Prepaid MasterCard

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Exchange rate

Rate updated

Card fee

Free

Transaction fee

Free

UK ATM fee

Free

International ATM fee

Free

Go to site
Great for
  • You get £35 travel money free when you make a first load of £500 or more
  • No ATM fees for withdrawals over £200 (or currency equivalent)
  • Swap your GBP into 18 currencies in advance, or simply spend as you go globally
But be aware that
  • You must be a UK resident aged 18 or over
  • ATM fees of £1.50 (or currency equivalent) apply for withdrawals under £200
  • Commission of up to 2% is charged, depending on how quickly you ask WeSwap to complete your currency swap
Exclusive

As a MoneySuperMarket customer, get an extra £35 travel money when you join and load £500 or more. This offer is only available through MoneySuperMarket.com. T&Cs apply


See more Euro cards

Prepaid Cards

Prepaid cards work a little differently to other types of plastic. Although you can use them to make purchases or withdraw cash in the same way as a debit or credit card, the key difference is that they need to be loaded up with cash in advance – and you can then only spend the balance on the card.

There are a number of benefits to using a prepaid card, so it pays to compare your options carefully and select the right one for your needs.

Advantages of prepaid cards

Prepaid cards usually fall into two categories – pay monthly and pay-as-you-go. Pay monthly prepaid cards charge a monthly fee, but in return you pay lower transaction fees than you would with a pay-as-you-go card, and often, you will also be given rewards or cashback on your spending.

Pay monthly prepaid cards are more suited to those who regularly spend on their card, while pay-as-you-go options are more suited to those who only make a handful of transactions on their card each month.

Because you can only spend the money you've pre-loaded onto your prepaid card, they are a great choice for those on a budget, for parents who want to keep an eye on their children's spending, or even for businesses.

But another benefit of prepaid cards is that they don't require a credit check and, as a result, they are easier to get hold of than credit or debit cards. This means they can be a good option for those with a poor credit score or no credit history at all. Some prepaid cards will also allow you to add a 'credit builder' service to your card which will help you to improve your credit rating.

What's more, certain prepaid cards can even be used as an alternative to a bank account, allowing your salary to be paid onto them.

Prepaid cards can also be a handy addition to your wallet if you're holidaying abroad. This is because a number of cards allow you to pre-load them with foreign currency and then side-step the expensive fees charged by many debit and credit cards for use overseas.

Disadvantages of prepaid cards

Prepaid cards can be riddled with fees, so it's important to read the small print carefully.

In particular, you should watch out for monthly fees, charges for loading funds onto your card, fees for withdrawing cash or spending on your plastic, and inactivity fees – which kick in if you don't use your card for a number of months.

Finally, unlike credit cards, prepaid cards are not covered under Section 75 of the Consumer Credit Act 1974. This protects credit card purchases between £100 and £30,000 against a retailer going bust, or your goods arriving faulty or damaged. This protection was extended up to £60,260 under the 2011 Consumer Credit Directive.

More prepaid cards options

How our site works

We want to show you prepaid cards from as many companies as possible, so you can choose the best one for you. But some companies don’t want to be included on comparison websites, so we can’t promise to show you cards from every single company. We’ve ranked the cards from the lowest cost to the highest cost, based on a hypothetical scenario. You can find out more about how we work here.

Prepaid cards are not eligible for protection under the Financial Services Compensation Scheme.