Free Prepaid Cards with No Application Fees?

Prepaid cards have come a long way over the years and there are now no application fee prepaid cards available. There are now several free prepaid cards available so ensure you pick the card right for you and also read the prepaid card providers terms and conditions.

Prepaid cards allow you to purchase products without making any cash payment. Prepaid cards have no credit facility where you can only spend what you load on to your card. It is not a debit card or a credit card so you can only spend what you preload and thus enable you to make purchases within your paying capacity. If there is not enough funds on the card your prepaid card will be declined and you may be charged an additional fee. But prepaid cards can stop you from falling into debt as you can only spend what you have.

Since a prepaid card does not offer a facility for credit, you are not required to pass a credit check but the prepaid card company will need to confirm your idenity when you apply for one. The ID check is to confirm  your address  and also your identity by passport. If you successfully prove your address and identity proof, you qualify for a prepaid card. 

No Application Fees prepaid cards

There are now new prepaid cards where you do not have to provide any form of ID, the prepaid card has a limited spending limit, approximatley £600.00 where you can use as an ATM card or to purchase as normal. Once you have reached your card limit you can upgrade to a full use card which has a maximum card limit of £5000.00

Some prepaid cards come with financial benefits such as creditbuilder or cash back incentives  which can provide a valuable if you are suffering from a poor credit rating or want to earn money back when shopping online. 

As there are now so many prepaid credit cards available consumers now have a wider choice and can find one for specifically targeted for an audience such as an under 18"s card, free travel money cards and even business prepaid cards.

Remember to check out the prepay cards pricing fees and structures as they are different  for each prepaid card provider and the amounts of money can be top up.

Free Prepaid Credit Cards with No Fees?

Free O2 Prepaid card

O2 Prepaid card charge no application fee when applying for your card. All you beed to do is complete the online application form and provide the necessary identification The O2 Cash Manager card or O2 Load and Go card is free to use with no transaction costs and no monthly fee. Plus there are no top up costs when loading your O2 prepaid card.

Rational currency card

Rational is the latest prepaid card released to provide its customers with a free prepaid credit card. By getting a Rational currency card you benefit from better exchange rates when going on your next holiday.

Caxton FX Global card

The caxton FX global card is unique travel card, you can use anywhere in the world, with no transaction fees when you use abroad, this is a good alternative to taking traveller cheques or cash abroad.

Fair FX Prepaid card

Fairfx prepaid card offers a competitive foreign currency exchange rate which is ideal if you want to buy items on the internet and pay in a different currency. The Fairfx card is also ideal when going on holiday.

By comparing them wisely you will be able to analyse which prepaid card for credit is most conducive for you and thus you can make your decision accordingly.