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Pay monthly

Compare pay monthly prepaid cards

published: 26 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

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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
  • Overdraft up to £250 and £1,000 Direct Debit cover available - 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

ACCOUNT FEATURES

Great for

  • FREE UK ATM Withdrawals, FREE Purchases, NO Monthly Fee

  • Instant online approval. No credit check to apply

  • Overdraft up to £250 and £1,000 Direct Debit cover available - subject to approval

But be aware that

  • You must be a UK resident aged 18 or over

BENEFITS

  • ✔ Online account management

  • ✔ 24 hour service

  • ❌ No fee on foreign transactions

  • ✔ 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

  • Card application fee - N/A

  • Monthly service fee - Free

  • Annual service fee - Free

  • Card replacement fee - N/A

  • Card cancellation fee - N/A

  • Dormancy fee - No dormancy fees


Card fee notes: 

  • No UK purchase fees - N/A

  • Card Application fee - £9.95

  • Card Replacement fee - £5.95

  • Card Cancellation fee - £10

RELOAD OPTIONS For Cash

Online: Free
Post Office: 0.30%

Reload notes:

  • Bank transfers onto account: Free

  • Post Office loads: 0.3% fee will apply to the total amount paid in (min fee £2.00)


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)

ATM withdrawal fee notes: 

  • International ATM Withdrawal Fee - £3.00

ELIGIBILITY

Great for

  • 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

ACCOUNT FEATURES

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

BENEFITS

  • ✔ Online account management

  • ✔ 24 hour service

  • ❌ No fee on foreign transactions

  • ✔ 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

  • Card application fee - Free

  • Monthly service fee

  • Annual service fee - Free

  • Card replacement fee

  • Card cancellation fee - Free

  • Dormancy fee

Card fee notes: 

  • Monthly fee - £4.97

  • Card Replacement fee - £5

TRANSACTION FEES

  • Foreign transaction Fee

  • Purchase fee

  • 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)

  • ATM withdrawal fee (International) 

ATM withdrawal fee notes: 

UK ATM withdrawal fee - £1.25

International ATM Withdrawal Fee Notes -
• Europe: £2.50 plus 2.35% of the transaction value
• International: £2.50 plus 2.57% of the transaction value

ELIGIBILITY

Great for

  • 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

    £2.24


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

ACCOUNT FEATURES

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

BENEFITS

  • ✅Online account management2

  • ✅ 4 hour service

  • ❌ No fee on foreign transactions

  • ✅ 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

  • Card application fee - Free

  • Monthly service fee

  • Annual service fee - Free

  • Card replacement fee

  • Card cancellation fee - Free

  • Dormancy fee

Card fee notes: 

  • Monthly fee - £9.97

  • Card Replacement fee - £5

TRANSACTION FEES

  • Foreign transaction Fee

  • Purchase fee

  • 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) 

ATM withdrawal fee notes: 

UK ATM Withdrawal Fee Notes

  • 4 free UK ATM withdrawals permitted per month

  • A fee of £1.12 per withdrawal is then applied

International ATM Withdrawal Fee Notes

  • Europe: £2.24 plus 2.35% of the transaction value

  • International: £2.24 plus 2.57% of the transaction value

ELIGIBILITY

Great for

  • 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

ACCOUNT FEATURES

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

BENEFITS

  • ✔ Online account management

  • ✔ 24 hour service

  • ❌ No fee on foreign transactions

  • ✔ 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

  • Card application fee- Free

  • Monthly service fee - Free

  • Annual service fee - Free

  • Card replacement fee

  • Card cancellation fee - Free

  • Dormancy fee- 

Card fee notes: • Card Replacement fee - £3

TRANSACTION FEES

  • Foreign transaction Fee

  • Purchase fee

  • Internet Purchase fee 

Transaction fee notes:

  • No UK transaction fees

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

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

ATM WITHDRAWAL FEES

  • ATM withdrawal fee (UK)

  • ATM withdrawal fee (International) 

ATM withdrawal fee notes: 

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

ELIGIBILITY

Great for

  • 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.