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Pay monthly

Compare pay monthly prepaid cards

published: 27 September 2022

If you want a prepaid card to replace a debit or credit card, a pay monthly card is one of the best options. Take control of your spending today by choosing a pay monthly prepaid card from the range below.

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 are not eligible for protection under the Financial Services Compensation Scheme

          Pay monthly prepaid cards

          A prepaid card is a payment card that can be pre-loaded with money. Once you've loaded cash onto your pay monthly card, you can then use it to shop online or withdraw money from a cash machine just as you would with a credit or debit card.

          You pay a monthly fee for the card but in return you pay lower transaction or cash withdrawal fees than you would with a pay-as-you-go prepaid card, for example.

          Open to everyone

          The banks and other lenders behind many of the best credit cards on the market today will only accept customers with good credit scores.

          But the advantage of a pay monthly prepaid card is that acceptance is guaranteed so long as the card company can verify your identity using your personal details.

          Some cards can even be used to re-build your credit rating by allowing 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.

          Budgeting

          While pay monthly prepaid cards can be used as an alternative to a credit or debit card, they don't allow you to spend more than you have loaded on to the card. Prepaid cards of this kind are therefore helpful for anyone keen to stick to a budget.

          What's more, unlike cash, pay monthly prepaid cards can also be cancelled and replaced easily – making them a safer option than carrying around lots of cash.

          Online shopping

          If you regularly shop online, you might not like the idea of sharing your credit and debit card details with retailers over the internet due to concerns about identity theft or money being taken from your account. But pay monthly prepaid cards offer a foolproof way to limit your exposure to fraud because they are not linked to a bank or credit card account. And that makes them a very secure way to shop online. 

          Other benefits

          Many pay monthly prepaid cards give you rewards or cashback on your spending. You might, for example, get up to 10% cashback on purchases at major retailers – both in store and online – or free access to exclusive discount voucher codes.

          Some cards also come with one or more companion cards, meaning you can share money with friends or family anywhere in the world. 

          But the main drawback to pay monthly prepaid cards is the monthly fee, which can be more than £12 a month. However, the fees for making cash withdrawals are generally lower than those charged on pay-as-you-go cards, while purchases are mostly free of charge.

          That’s why pay monthly prepaid cards are a better choice for people making at least six purchases and one cash withdrawal a month.

          Find the best deal

          Compare a range of pay monthly prepaid cards with MoneySuperMarket and pick the right deal to suit you.