Prepaid cards for Dollars - Ordered by biggest saving to customers based on making 10 purchases of $50 and five ATM transactions at $100 each
- No fees or charges when spending abroad and withdrawing at ATMs
- Pre-load 15 different currencies onto your card, including GBP – giving you the ability to buy currency when the rate is at its best
- Check your balance, view your transactions, top up on the go and block your card if needed via the Caxton's app
- Using your card at ATMs and spending in the UK incurs a £1.50 fee. Fees do not apply outside of the UK
MONEYSUPERMARKET CUSTOMERS RECEIVE £32 CASHBACK ON LOADS OVER £500. THIS OFFER IS ONLY AVAILABLE TO NEW CUSTOMERS THROUGH MONEYSUPERMARKET. T&CS APPLY.
- 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
- There is a $12 charge for a lost or stolen card replacement
- There is a fee of 1.75% when card is used outside of the USA
AS A NEW FAIRFX CUSTOMER APPLYING THROUGH MONEYSUPERMARKET, YOU’LL GET £39 WHEN YOU LOAD £500 OR MORE. OFFER ONLY AVAILABLE THROUGH MONEYSUPERMARKET.COM. T&CS APPLY
- Spend abroad with no fees in over 130 currencies, with free international ATM withdrawals (£200 monthly allowance)
- Easy to use: sign up and start using in 60 seconds, with free load and unload with debit & credit card or bank transfer
- Buy crypto in one tap, send and receive from other users, split bills, manage your spending with budgeting tools, lock and unlock your card in one tap
- ATM withdrawal limit of £200 or local equivalent per month. Further withdrawals attract a 2% fee
- Outside of FX market hours (Saturday and Sunday), 0.5% fee applied to exchange rate to cover rate fluctuations. Specific fees apply for some smaller currencies - see revolut.com/fee-schedule for details
UNTIL 31 DECEMBER 2019, MONEYSUPERMARKET CUSTOMERS CAN RECEIVE £10 AND A FREE REVOLUT CARD BY FOLLOWING THE ADJACENT LINK, COMPLETING SIGN-UP, AND TOPPING UP WITH AT LEAST £10.
- Lock in exchange rates in advance for up to 10 currencies, the rate shown above is GBP-USD
- No international ATM fees
- Contactless payments
- Usage in a country in a different currency to what is loaded on the card results in a 5.75% foreign exchange conversion fee
- Although Travelex do not charge ATM fees, some operators may charge their own fee or set their own limits. Check the ATM before using
- There is a monthly inactivity fee of £2 per month, should the card become dormant for 12 months
- You get £10 travel money free when you make a first load of £50 or more
- No ATM fees for withdrawals over £200 (or currency equivalent)
- Swap your GBP into Euros at a competitive exchange rate
- 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
As a MoneySuperMarket customer, get an extra £10 travel money when you join and load £50 or more. T&Cs apply
- Store up to 23 currencies on one prepaid Mastercard®
- Mobile app lets you top-up, check your balance and view recent transactions
- Accepted in 36 million locations in more than 200 countries
- If you have money left on your card a year after the card expires, a £2 monthly maintenance fee will apply. If there’s no balance remaining, you won’t be charged
- A 3% cross-border fee applies to certain countries – see T&Cs
- You must be a UK resident and be 18 years or over to open an account - Cash withdrawal fees apply
- Spending abroad and in the UK with no transaction fees and no ATM withdrawal fees
- Unlike some cards, you can exchange up to £25k a year with no FX mark-up
- Shopping safely with purchase protection, getting free home delivery on travel money (orders over £750) and exchanging any unused currency commission-free
- You must be a UK resident aged 18 or over
- There is a £5 monthly fee, or £55 a year upfront
Prepaid cards are not eligible for protection under the Financial Services Compensation Scheme
Organising US dollars for a holiday in the States is pretty familiar to many of us: it’s the second most popular destination for trips, according to single trip travel insurance quotes on MoneySuperMarket* And while you may have taken out cash for your last trip, it’s highly likely that you’ll be considering a prepaid card for your travel money this time.
Dollar prepaid cards
Dollar prepaid cards offer the same convenience as a debit or credit card, but charges are typically much lower, as these cards are specifically designed for overseas use. Once you’ve spent the dollars you’ve loaded on to the card, you can top it up whenever you want to and, if you lose it, you can cancel the card and be issued with a replacement or emergency cash.
Lower charges
If you’re one of the 22.82% of people who take more than one overseas holiday per year*, a prepaid card could be even more beneficial for you. That’s because foreign exchange fees can soon mount up when you use a debit or credit card in the USA - but you may be able to avoid these fees with a dollar prepaid card.
Many dollar prepaid cards are transaction-fee free, and some will let you withdraw dollars at an ATM for free, up to a certain limit. But with a debit or credit card you could be charged a foreign currency charge of between 2.75% and 2.99%, which means if you spent $100, you'd pay around $3 extra. On top of this, if you withdraw cash on your debit or credit card, you'll face an additional fee of around 2% to 3% and, with a credit card, you'll pay interest from the day you take out the cash.
This doesn’t mean that a dollar prepaid card is always free to use. You need to be careful when choosing a prepaid currency card, because there are other fees to think about – some cards will charge you when you load funds on to the card, while others will charge an 'inactivity' fee if you don't use it for a number of months. There could also be a replacement fee to pay if you want to replace your card the next year. It’s always advisable to read the small print to make exactly sure it’s the right move for you and your holiday spending plans.
Limit your spending
It’s all too easy to overspend when you’re abroad, and if you take a debit or credit card on holiday you can dip into your overdraft before you know it, or end up borrowing more than you’d planned. The beauty of a prepaid card is that you can only spend the dollars that you’ve put on it, making it especially useful if you’re trying to keep to a budget.
Make currency movements work for you
You can also use your dollar prepaid card to take advantage of favourable exchange rates in the run up to your visit to the States. Try to load your card when the exchange rate is in your favour, so that you get more bang for your buck.
Remember however, that if you load the card with dollars well in advance of your trip and the pound strengthens, you won’t be able to benefit as you locked into the exchange rate at the time. But, of course, if the pound weakens, you will be in a better position, as your dollars will be worth more.
Security advantages of prepaid cards
Taking cash with you on holiday is always risky – it only takes one pickpocket to potentially ruin your holiday. Although travel insurance does often cover cash you carry around on holiday, but it generally caps out at between £200 and £300. This means that if you carry more than the equivalent maximum in US dollars and you were to have your wallet stolen, you would risk being uninsured or only able to claim for the maximum amount.
This concern, coupled with the fact that you can pay with cards almost everywhere in America, means that carrying cash is a risky way to manage your spending.
If you use a prepaid currency card instead, you can cancel a lost or stolen card immediately by contacting the card provider and you may be able to get emergency cash or be sent a replacement card as soon as possible.
Another security concern while spending abroad is the risk of having your card cloned, and your bank account drained while you’re away. A prepaid card limits this risk, because if it were to happen then you’d only lose the balance of the card. However, if you fell victim to this kind of crime, you may find it more challenging to recover the money stolen from a prepaid card.
Some prepaid cards also come with apps that alert you every time a dollar is spent. This is an invaluable tool for the more security conscious traveller, because the instant notifications will warn you when money is being spent – and if you didn’t make the transaction, you may be able to freeze the card immediately via the app.
Compare prepaid dollar cards
With MoneySuperMarket you can compare a range of dollar prepaid cards to ensure you're getting the right one for you. Each card has their own benefits, from fee-free withdrawal limits, to bonus travel money when you load a certain amount.
Make sure you compare the card and transaction fee, and the UK and international ATM fees to get an understanding of what it will cost you to use the prepaid dollar card. You should also compare the exchange rate, to see how many dollars you can get for your budget.
Make sure you read the ‘great for’ points listed with each prepaid card above, as this gives you a great summary of the benefits of each specific card. And pay close attention to the ‘be aware that’ points, as this highlights any potential limitations of the card. When you think you’ve found the right solution for your next trip, always review the details of it before you sign up.
*According to quotes run on MoneySuperMarket between January and May 2018