Prepaid Cards

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.

  1. Exclusive

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

    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
  2. Great for
    Contactless Card. No Credit Checks* or usage fees. Up to 10% Cashback with top UK retailers.
    FREE to pay in by bank transfer. Only 99p to pay in with cash at PayPoint
    FREE to pay in wages and benefits with your unique account number and sort code
    But be aware that
    Customers without a verified UK address will be offered a lower limit card
    You must be aged 18 or over

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.

  1. Exclusive

    As a MoneySuperMarket customer, get a free 7-day swap when you join and an extra £50 free travel money when you load £800 or more. This offer is only available through T&Cs apply.

    Great for
    Perfect mid-market rates (0% fee) on first seven day swap for Moneysupermarket customers
    No ATM fees for withdrawals over €200
    £50 travel money free on first load of £800 or more
    But be aware that
    You must be a UK resident aged 18 or over
    After first 0% fee seven day swap, commission of up to 2% charged, depending on how quickly you ask WeSwap to complete your currency swap
  2. Exclusive

    As a new MoneySuperMarket customer, receive £20 when you load £500 or more. This offer is only available through T&Cs apply.

    Great for
    Free card (normally £9.95) when you load more than £50 onto the card
    But be aware that
    There is a fee of 1.75% when card is used out of the Eurozone
  3. Exclusive

    MoneySuperMarket customers receive £20 cashback on loads over £500. This offer is only available to new customers through MoneySuperMarket. T&Cs apply.

    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.

Prepaid cards

What is a prepaid card?

Prepaid cards allow you to top up money onto a card for spending and cash withdrawals. They can help with budgeting, particularly if you are going on holiday, and can be an option for those who have been rejected for credit. You can only spend the balance that’s on the card.

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.

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

Prepaid cards

Compare top 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.

Prepaid cards home
Pay monthly
Pay as you go
Credit building
Multi currency
Travel money
Travelex Money Card
What is a prepaid card?
What is a prepaid travel card?
How to choose the best prepaid card?

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