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Everyday

Compare everyday prepaid cards

published: 27 September 2022

Everyday prepaid cards do just what they say on the tin. All you need to do is load them up with money and then use them just like cash or a debit or credit card. And you can compare the best options with MoneySuperMarket.

Pay monthly prepaid cards - Ordered alphabetically A-Z

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

Cashplus

Cashplus Prepaid MasterCard (Freedom)

  • Monthly fee

    Free

  • Card fee

    £9.95

  • Transaction fee

    Free

  • UK ATM fee

    Free

  • International ATM fee

    £3.00


Great for

  • FREE UK ATM Withdrawals, FREE Purchases, NO Monthly Fee
  • Instant online approval. No credit check to apply
  • Up to £500 Overdraft - subject to approval

But be aware that

  • You must be a UK resident aged 18 or over
More Details

THE BASICS

  • Card issuer: APS Financial Ltd

  • Card type: MasterCard

  • The card is valid for 36 months

BENEFITS

  • Online account management

  • 24 hour service

  • Accepted online

  • Sort code & account number included

Benefits notes:

  • Free UK ATM withdrawals

  • Free UK purchases

  • Free to set up Direct Debits and standing orders

  • Free purchase protection

CARD FEES

  • Card application fee - £9.95

  • Monthly service fee - Free

  • Annual service fee - Free

  • Card replacement fee - £5.95

  • Card cancellation fee - N/A

  • Dormancy fee - No dormancy fees

Card fee notes: 

  • No UK purchase fees

RELOAD OPTIONS (Online)

  • Cash - Free

RELOAD OPTIONS (Post Office)

  • Cash - 0.50%

Reload notes:

  • Bank transfers onto account: Free

  • Post Office loads: 0.50% fee will apply to the total amount paid in (min fee £3.00)

TRANSACTION FEES

  • Foreign transaction Fee: 2.99%

  • Purchase fee: Free

  • Internet Purchase fee: Free

ATM WITHDRAWAL FEES

ATM withdrawal fee (UK): Free
ATM withdrawal fee (International): £3.00

ELIGIBILITY

  • You must be a UK resident and aged 18+

You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.

    Suits Me

    Suits Me Premium

    • Transaction fee

      £1.97

    • Monthly fee

      £4.97

    • Card fee

      Free

    • UK ATM fee

      £1.25

    • International ATM fee

      £2.50


    Great for

    • You could be approved in under 10 minutes with no proof of address and no credit checks required
    • Get exclusive access to Suits Me's cashback rewards programme where you'll earn up to 15% cashback instore and online at many top UK retailers
    • Manage your money and finances on the go, with the free, safe and secure Suits Me mobile banking app and online banking account

    But be aware that

    • You need to be a UK resident and aged 18 or over to open an account
    More Details

    THE BASICS

    • Card issuer: PrePay Technologies Limited

    • Card type: MasterCard

    • The card is valid for 36 months

    BENEFITS

    • Online account management

    • Accepted online

    • Sort code & account number included

    Benefits notes:

    • Apply online and you could get instant approval with no proof of address or credit checks

    • Account opening within 10 minutes where you'll gain instant access to your account number and sort code, and mobile and online banking to start managing your money and finances

    CARD FEES

    • Card application fee - Free

    • Monthly service fee - £4.97

    • Annual service fee - Free

    • Card replacement fee - £5.00

    • Card cancellation fee - Free

    • Dormancy fee – n/a

    Reload notes:

    • PayPoint Load: £0.99 + 2.6%

    • PayPoint: £1.29+ 2.6%. Maximum load of £250 per day

    • Bank Transfer (UK): Maximum of £10,000

    TRANSACTION FEES

    • Foreign transaction fee – n/a

    • Purchase fee - £1.97

    • Internet Purchase fee - Free

    Transaction fee notes:

    • No UK transaction fees

    • European transaction fee (EUR, RON, SEK): 2.35% of the transaction value

    • International transaction fee (Other currencies): £1.97 plus 2.57% of the transaction value

    ATM WITHDRAWAL FEES

    • ATM withdrawal fee (UK) - £1.25

    • ATM withdrawal fee (Europe) - £2.50 plus 2.35% of the transaction value

    • ATM withdrawal fee (International) - £2.50 plus 2.57% of the transaction value

    ELIGIBILITY

    • You must be a UK resident aged 18 or over

    You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.

      Suits Me

      Premium Plus

      • Transaction fee

        £1.97

      • Monthly fee

        £9.97

      • Card fee

        Free

      • UK ATM fee

        Free

      • International ATM fee

        £2.50


      Great for

      • You could be approved in under 10 minutes with no proof of address and no credit checks required
      • Get exclusive access to Suits Me's cashback rewards programme where you'll earn up to 15% cashback instore and online at many top UK retailers
      • Manage your money and finances on the go, with the free, safe and secure Suits Me mobile banking app and online banking account

      But be aware that

      • You need to be a UK resident and aged 18 or over to open an account
      More Details

      THE BASICS

      • Card issuer: PrePay Technologies Limited

      • Card type: MasterCard

      • The card is valid for 36 months

      BENEFITS

      • Online account management

      • Accepted online

      • Sort code & account number included

      Benefits notes:

      • Apply online and you could get instant approval with no proof of address or credit checks

      • Account opening within 10 minutes where you'll gain instant access to your account number and sort code, and mobile and online banking to start managing your money and finances

      CARD FEES

      • Card application fee - Free

      • Monthly service fee - £9.97

      • Annual service fee - Free

      • Card replacement fee - £5.00

      • Card cancellation fee - Free

      • Dormancy fee – n/a

      Reload notes:

      • PayPoint Load: £0.80 + 2.6%. Maximum load of £250 per day

      • Bank Transfer (UK): Maximum of £10,000

      TRANSACTION FEES

      • Foreign transaction Fee - Free

      • Purchase fee - £1.97

      • Internet Purchase fee - £0 

      • Transaction fee notes:

      • No UK transaction fees

      • European transaction fee (EUR, RON, SEK): 2.35% of the transaction value

      • International transaction fee (Other currencies): £1.97 plus 2.57% of the transaction value

      ATM WITHDRAWAL FEES

      • ATM withdrawal fee (UK) - Free

      • ATM withdrawal fee (International) - £2.50

      UK ATM withdrawal fee notes: 

      • 4 free UK ATM withdrawals permitted per month

      • A fee of £1.12 per withdrawal is then applied

      ELIGIBILITY

      • You must be a UK resident aged 18 or over

      You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.

        Suits Me

        Suits Me Essential

        • Transaction fee

          £1.00

        • Monthly fee

          Free

        • Card Fee

          Free

        • UK ATM fee

          £1.00

        • International ATM fee

          £2.50


        Great for

        • You could be approved in under 10 minutes with no proof of address and no credit checks required
        • Get exclusive access to Suits Me's cashback rewards programme where you'll earn up to 15% cashback instore and online at many top UK retailers
        • Pay no monthly fee and manage your money and finances on the go, with the free, safe and secure Suits Me mobile banking app and online banking account

        But be aware that

        • You need to be a UK resident and aged 18 or over to open an account
        • One-off activation fee of £5.00 is needed to start using your account
        More Details

        THE BASICS

        • Card issuer: PrePay Technologies Limited

        • Card type: MasterCard

        • The card is valid for 36 months

        BENEFITS

        • Online account management

        • Accepted online

        • Sort code & account number included

        Benefits notes:

        • Apply online and you could get instant approval with no proof of address or credit checks

        • Account opening within 10 minutes where you'll gain instant access to your account number and sort code to start managing your money and finances

        CARD FEES

        • Card application fee - Free

        • Monthly service fee - Free

        • Annual service fee - Free

        • Card replacement fee - £5.00

        • Card cancellation fee - Free

        • Dormancy fee – n/a

        Reload notes:

        • Bank transfer in from UK - £1.25

        • PayPoint - £2:30 + 2.6%. Maximum load of £250 per day

        TRANSACTION FEES

        • Foreign transaction fee – n/a

        • Purchase fee - £1.00 plus 2% of the transaction value

        • Internet Purchase fee – Free

        Transaction fee notes:

        • No UK transaction fees

        • International transaction fee: £1 plus 2% of the transaction value

        ATM WITHDRAWAL FEES

        • ATM withdrawal fee (UK) - £1.50

        • ATM withdrawal fee (International) - £2.50 plus 2% of the transaction value

        ELIGIBILITY

        • You must be a UK resident aged 18 or over

        You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.

          Prepaid cards that are an alternative to a bank account - Ordered alphabetically A-Z

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

          Cashplus

          Cashplus Prepaid MasterCard (Freedom)

          • Monthly fee

            Free

          • Card fee

            £9.95

          • Transaction fee

            Free

          • UK ATM fee

            Free

          • International ATM fee

            £3.00


          Great for

          • FREE UK ATM Withdrawals, FREE Purchases, NO Monthly Fee
          • Instant online approval. No credit check to apply
          • Up to £500 Overdraft - subject to approval

          But be aware that

          • You must be a UK resident aged 18 or over
          More Details

          THE BASICS

          • Card issuer: APS Financial Ltd

          • Card type: MasterCard

          • The card is valid for 36 months

          BENEFITS

          • Online account management

          • 24 hour service

          • Accepted online

          • Sort code & account number included

          Benefits notes:

          • Free UK ATM withdrawals

          • Free UK purchases

          • Free to set up Direct Debits and standing orders

          • Free purchase protection

          CARD FEES

          • Card application fee - £9.95

          • Monthly service fee - Free

          • Annual service fee - Free

          • Card replacement fee - £5.95

          • Card cancellation fee - N/A

          • Dormancy fee - No dormancy fees

          Card fee notes: 

          • No UK purchase fees

          RELOAD OPTIONS (Online)

          • Cash - Free

          RELOAD OPTIONS (Post Office)

          • Cash - 0.50%

          Reload notes:

          • Bank transfers onto account: Free

          • Post Office loads: 0.50% fee will apply to the total amount paid in (min fee £3.00)

          TRANSACTION FEES

          • Foreign transaction Fee: 2.99%

          • Purchase fee: Free

          • Internet Purchase fee: Free

          ATM WITHDRAWAL FEES

          ATM withdrawal fee (UK): Free
          ATM withdrawal fee (International): £3.00

          ELIGIBILITY

          • You must be a UK resident and aged 18+

          You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.

            Cashplus

            Cashplus Prepaid MasterCard (Deluxe)

            • Monthly fee

              £9.95

            • Card fee

              £5.95

            • Transaction fee

              Free

            • UK ATM fee

              Free

            • International ATM fee

              £3.00


            Great for

            • Free UK ATM withdrawals, Direct Debits and Standing Orders
            • Up to £500 Overdraft - subject to approval
            • Add Creditbuilder to your account at no extra cost
            More Details

            THE BASICS

            • Card issuer: Advanced Payment Solutions Ltd

            • Card type: MasterCard

            • The card is valid for 36 months

            ACCOUNT FEATURES

            BENEFITS

            • Online account management

            • 24 hour service

            • Accepted online

            • Sort code & account number included

            Benefits notes:

            • Free purchase protection and free UK ATM withdrawals

            • Build your credit at no extra charge with Creditbuilder

            • Free bill pay service and online banking

            • Have your wages paid directly into your Cashplus Bank Account

            • No Credit Checks

            CARD FEES

            • Card Application fee - £5.95

            • Monthly fee - £9.95

            • Card Cancellation fee - £10

            • Card Replacement fee - £5.95

            RELOAD OPTIONS (Bank Deposit)

            • Debit Card - Free

            RELOAD OPTIONS (Online)

            • Cash - Free

            RELOAD OPTIONS (Post Office)

            • Cash - 0.50%

            Reload notes:

            • Bank transfers onto account: Free

            • Post Office Loads: 0.5% fee will apply to the total amount paid in (min fee £3.00)

            TRANSACTION FEES

            • Foreign transaction Fee - 2.99%

            • Purchase fee - Free

            • Internet Purchase fee - Free 

            Transaction fee notes: 

            You can use your card to get cash over the counter at a bank, subject to a fee of £3 per transaction

            ATM WITHDRAWAL FEES

            • ATM withdrawal fee (UK) - Free

            • ATM withdrawal fee (International) - £3.00

            ATM withdrawal fee notes: 

            • You can get cash from any cash machine that displays the MasterCard brand mark

            ELIGIBILITY

            • Minimum age: 18 Years

            • You must be a UK resident

            • Additional cardholders must be at least 13 years old

            You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.



              Get £10 off when you load £250 or more, £15 off when you load £500 or more, and £40 off when you load £1000 or more. New customers only. T&Cs apply

              FairFX

              FairFX Currency Card

              • Card fee

                Free

              • Transaction fee

                Free

              • UK ATM fee

                £1.00

              • International ATM fee

                £1.00

              • Monthly Fee

                Free


              Great for

              • Free multi-currency card that lets you hold 15 major currencies with no monthly fees
              • Lock in some of the best rates available before you travel, or while you’re away, and spend in over 190 countries at 35 million locations*
              • Earn at least 3.5% cashback at some of the UK's most popular high street retailers and supermarkets. T&Cs apply.

              But be aware that

              • You'll need to be a UK resident and aged 18 or over
              • *1.75% fee applicable on transactions that are not in one of the 15 card currencies
              • Card cancellation is free, but there is a £5 fee to redeem any remaining money left on the card
              More Details

              THE BASICS

              • Card issuer: Valitor Limited

              • Card type: MasterCard

              • The card is valid for 36 months

              BENEFITS

              • Online account management

              • Accepted online

              Benefits notes:

              • One card with 15 currencies 

              • Lock in great rates and spend in more than 190 countries, wherever Mastercard is accepted

              • Your funds are securely held in a safeguarded account with Citibank

              • A friendly, UK-based team are available 7 days a week, 365 days a year

              CARD FEES

              • Card application fee - Free

              • Monthly service fee - Free

              • Annual service fee - Free

              • Card replacement fee - £6.00

              • Card cancellation fee - Free

              • Dormancy fee - £2.00 per month or currency equivalent on expired cards with leftover balances 

              Card fee notes: 

              • No fees applied when you pay in the UK or in any of the 15 currencies

              RELOAD OPTIONS (Online)

              • Debit Card - Free

              • Credit Card - Free

              Reload notes:

              Bank transfers onto account: Free

              TRANSACTION FEES

              • Foreign transaction Fee - 1.75%

              • Purchase fee - Free

              • Internet Purchase fee - Free 

              Transaction fee notes:

              A 1.75% out of currency fee is charged when you use the card in a different currency to what is held on the card – including ATM withdrawals

              ATM WITHDRAWAL FEES

              • ATM withdrawal fee (UK) - £1.00

              • ATM withdrawal fee (International) - £1.00

              ATM withdrawal fee notes: 

              • When you use your card at an ATM, you may also be subject to applicable fees, surcharge rules, and regulations of the relevant ATM, or other financial institution or association

              ELIGIBILITY

              • You must be a UK resident and aged 18+

              You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.

                Suits Me

                Premium Plus

                • Transaction fee

                  £1.97

                • Monthly fee

                  £9.97

                • Card fee

                  Free

                • UK ATM fee

                  Free

                • International ATM fee

                  £2.50


                Great for

                • You could be approved in under 10 minutes with no proof of address and no credit checks required
                • Get exclusive access to Suits Me's cashback rewards programme where you'll earn up to 15% cashback instore and online at many top UK retailers
                • Manage your money and finances on the go, with the free, safe and secure Suits Me mobile banking app and online banking account

                But be aware that

                • You need to be a UK resident and aged 18 or over to open an account
                More Details

                THE BASICS

                • Card issuer: PrePay Technologies Limited

                • Card type: MasterCard

                • The card is valid for 36 months

                BENEFITS

                • Online account management

                • Accepted online

                • Sort code & account number included

                Benefits notes:

                • Apply online and you could get instant approval with no proof of address or credit checks

                • Account opening within 10 minutes where you'll gain instant access to your account number and sort code, and mobile and online banking to start managing your money and finances

                CARD FEES

                • Card application fee - Free

                • Monthly service fee - £9.97

                • Annual service fee - Free

                • Card replacement fee - £5.00

                • Card cancellation fee - Free

                • Dormancy fee – n/a

                Reload notes:

                • PayPoint Load: £0.80 + 2.6%. Maximum load of £250 per day

                • Bank Transfer (UK): Maximum of £10,000

                TRANSACTION FEES

                • Foreign transaction Fee - Free

                • Purchase fee - £1.97

                • Internet Purchase fee - £0 

                • Transaction fee notes:

                • No UK transaction fees

                • European transaction fee (EUR, RON, SEK): 2.35% of the transaction value

                • International transaction fee (Other currencies): £1.97 plus 2.57% of the transaction value

                ATM WITHDRAWAL FEES

                • ATM withdrawal fee (UK) - Free

                • ATM withdrawal fee (International) - £2.50

                UK ATM withdrawal fee notes: 

                • 4 free UK ATM withdrawals permitted per month

                • A fee of £1.12 per withdrawal is then applied

                ELIGIBILITY

                • You must be a UK resident aged 18 or over

                You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.

                  Suits Me

                  Suits Me Premium

                  • Transaction fee

                    £1.97

                  • Monthly fee

                    £4.97

                  • Card fee

                    Free

                  • UK ATM fee

                    £1.25

                  • International ATM fee

                    £2.50


                  Great for

                  • You could be approved in under 10 minutes with no proof of address and no credit checks required
                  • Get exclusive access to Suits Me's cashback rewards programme where you'll earn up to 15% cashback instore and online at many top UK retailers
                  • Manage your money and finances on the go, with the free, safe and secure Suits Me mobile banking app and online banking account

                  But be aware that

                  • You need to be a UK resident and aged 18 or over to open an account
                  More Details

                  THE BASICS

                  • Card issuer: PrePay Technologies Limited

                  • Card type: MasterCard

                  • The card is valid for 36 months

                  BENEFITS

                  • Online account management

                  • Accepted online

                  • Sort code & account number included

                  Benefits notes:

                  • Apply online and you could get instant approval with no proof of address or credit checks

                  • Account opening within 10 minutes where you'll gain instant access to your account number and sort code, and mobile and online banking to start managing your money and finances

                  CARD FEES

                  • Card application fee - Free

                  • Monthly service fee - £4.97

                  • Annual service fee - Free

                  • Card replacement fee - £5.00

                  • Card cancellation fee - Free

                  • Dormancy fee – n/a

                  Reload notes:

                  • PayPoint Load: £0.99 + 2.6%

                  • PayPoint: £1.29+ 2.6%. Maximum load of £250 per day

                  • Bank Transfer (UK): Maximum of £10,000

                  TRANSACTION FEES

                  • Foreign transaction fee – n/a

                  • Purchase fee - £1.97

                  • Internet Purchase fee - Free

                  Transaction fee notes:

                  • No UK transaction fees

                  • European transaction fee (EUR, RON, SEK): 2.35% of the transaction value

                  • International transaction fee (Other currencies): £1.97 plus 2.57% of the transaction value

                  ATM WITHDRAWAL FEES

                  • ATM withdrawal fee (UK) - £1.25

                  • ATM withdrawal fee (Europe) - £2.50 plus 2.35% of the transaction value

                  • ATM withdrawal fee (International) - £2.50 plus 2.57% of the transaction value

                  ELIGIBILITY

                  • You must be a UK resident aged 18 or over

                  You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.

                    Suits Me

                    Suits Me Essential

                    • Transaction fee

                      £1.00

                    • Monthly fee

                      Free

                    • Card Fee

                      Free

                    • UK ATM fee

                      £1.00

                    • International ATM fee

                      £2.50


                    Great for

                    • You could be approved in under 10 minutes with no proof of address and no credit checks required
                    • Get exclusive access to Suits Me's cashback rewards programme where you'll earn up to 15% cashback instore and online at many top UK retailers
                    • Pay no monthly fee and manage your money and finances on the go, with the free, safe and secure Suits Me mobile banking app and online banking account

                    But be aware that

                    • You need to be a UK resident and aged 18 or over to open an account
                    • One-off activation fee of £5.00 is needed to start using your account
                    More Details

                    THE BASICS

                    • Card issuer: PrePay Technologies Limited

                    • Card type: MasterCard

                    • The card is valid for 36 months

                    BENEFITS

                    • Online account management

                    • Accepted online

                    • Sort code & account number included

                    Benefits notes:

                    • Apply online and you could get instant approval with no proof of address or credit checks

                    • Account opening within 10 minutes where you'll gain instant access to your account number and sort code to start managing your money and finances

                    CARD FEES

                    • Card application fee - Free

                    • Monthly service fee - Free

                    • Annual service fee - Free

                    • Card replacement fee - £5.00

                    • Card cancellation fee - Free

                    • Dormancy fee – n/a

                    Reload notes:

                    • Bank transfer in from UK - £1.25

                    • PayPoint - £2:30 + 2.6%. Maximum load of £250 per day

                    TRANSACTION FEES

                    • Foreign transaction fee – n/a

                    • Purchase fee - £1.00 plus 2% of the transaction value

                    • Internet Purchase fee – Free

                    Transaction fee notes:

                    • No UK transaction fees

                    • International transaction fee: £1 plus 2% of the transaction value

                    ATM WITHDRAWAL FEES

                    • ATM withdrawal fee (UK) - £1.50

                    • ATM withdrawal fee (International) - £2.50 plus 2% of the transaction value

                    ELIGIBILITY

                    • You must be a UK resident aged 18 or over

                    You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.

                      Prepaid cards to build your credit - Ordered alphabetically A-Z

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

                      Cashplus

                      Cashplus Prepaid MasterCard (Freedom)

                      • Monthly fee

                        Free

                      • Card fee

                        £9.95

                      • Transaction fee

                        Free

                      • UK ATM fee

                        Free

                      • International ATM fee

                        £3.00


                      Great for

                      • FREE UK ATM Withdrawals, FREE Purchases, NO Monthly Fee
                      • Instant online approval. No credit check to apply
                      • Up to £500 Overdraft - subject to approval

                      But be aware that

                      • You must be a UK resident aged 18 or over
                      More Details

                      THE BASICS

                      • Card issuer: APS Financial Ltd

                      • Card type: MasterCard

                      • The card is valid for 36 months

                      BENEFITS

                      • Online account management

                      • 24 hour service

                      • Accepted online

                      • Sort code & account number included

                      Benefits notes:

                      • Free UK ATM withdrawals

                      • Free UK purchases

                      • Free to set up Direct Debits and standing orders

                      • Free purchase protection

                      CARD FEES

                      • Card application fee - £9.95

                      • Monthly service fee - Free

                      • Annual service fee - Free

                      • Card replacement fee - £5.95

                      • Card cancellation fee - N/A

                      • Dormancy fee - No dormancy fees

                      Card fee notes: 

                      • No UK purchase fees

                      RELOAD OPTIONS (Online)

                      • Cash - Free

                      RELOAD OPTIONS (Post Office)

                      • Cash - 0.50%

                      Reload notes:

                      • Bank transfers onto account: Free

                      • Post Office loads: 0.50% fee will apply to the total amount paid in (min fee £3.00)

                      TRANSACTION FEES

                      • Foreign transaction Fee: 2.99%

                      • Purchase fee: Free

                      • Internet Purchase fee: Free

                      ATM WITHDRAWAL FEES

                      ATM withdrawal fee (UK): Free
                      ATM withdrawal fee (International): £3.00

                      ELIGIBILITY

                      • You must be a UK resident and aged 18+

                      You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.



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

                        Everyday prepaid cards

                        Offering flexibility, security and control, prepaid cards are payment cards that are pre-loaded with money. And everyday prepaid cards are a great alternative to credit cards, debit cards and simply using cash to cover your everyday purchases. 

                        They are a good option for anyone whose credit score – or lack of credit history – means they would find it hard to be accepted for a market-leading credit card, for example.

                        No credit checks

                        To be accepted as a customer by most banks and credit card companies, you must have a credit history. To qualify for the best deals, meanwhile, you will need a high credit score. 

                        However, there are no credit checks with everyday prepaid cards. You will therefore be accepted as long as the company offering the card can verify your identity using your personal details.

                        For those keen to improve their credit scores, meanwhile, some everyday prepaid cards allow you to borrow the annual fee and pay it back in monthly instalments, thereby giving you a repayment record that will be put on your file by the credit reference agencies.

                        But beware: you could damage your credit rating even further if, for example, you miss a payment.

                        Easy to use

                        Everyday prepaid cards can be funded monthly, for example from your bank account, or even via your employer paying your salary on to the card, or they can be fed on a pay-as-you-go basis.

                        You top-up the latter type of prepaid card in a similar way to topping up a pay-as-you-go phone – so either at Payzones that can be found at over 30,000 locations in the UK, by using your mobile, or with a debit card. When you make a purchase, the amount will automatically be deducted from the card balance.

                        For all your shopping needs

                        Everyday prepaid cards can generally be used anywhere that you could use a debit or a credit card. They are particularly good for shopping online, as they limit your exposure to fraud because they are not linked to a bank or credit card account.

                        Wherever you use your prepaid card, though, you cannot borrow money – making it impossible to overspend and get into debt. For many people, especially those on a budget, this imposed discipline is the biggest advantage of a prepaid card.

                        Other advantages

                        Many everyday prepaid cards reward you for spending, often by offering cashback or access to exclusive discount voucher codes.

                        Some cards also come with one or more ‘companion’ cards, allowing you to send money to friends or family anywhere in the world just by loading up your own card. 

                        On the flipside, however, you must be aware of the charging structure. Pay monthly cards generally have a monthly fee, which can be up to about £12 a month, but don’t charge for purchases.

                        Pay-as-you-go cards, meanwhile, tend to charge more for cash withdrawals – up to £2 per withdrawal in the UK – and for purchases, but have no monthly fee.

                        Find the best deal

                        With MoneySuperMarket, you can compare and apply for a range of everyday prepaid cards with ease to ensure you're getting the right one to suit you.