Compare pay monthly prepaid cards
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
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.