Search thousands of topics on CostHelper.com

BROWSE ALL TOPICS >> appliances babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business weddings
CostHelper > Personal Finance  > Taxes & Financial Planning > Prepaid Travel Card

Prepaid Travel Card Cost


How Much Does a Prepaid Travel Card Cost?

 
low costPay-As-You-Go Cards: $1-$10 Feesaverage costRegular-Use Cards: $1-$10 Per Month
post E-mail post Post  

Prepaid travel cards may be used as either credit or debit cards without credit checks, application fees or obligation for continued use. Costs vary by card-issuing company and whether the card holder pays per transaction or by month.

Typical costs:

  • Designed for occasional use, pay-as-you-go travel card plans do not have monthly charges; however, a convenience fee of about $1-$2 per transaction is typically deducted. For example, Account Now[1] offers a Visa card "Classic" plan with a one-time service charge of $4.95, no monthly fee, and a charge of $1 per transaction, capped at $10 per month, while the American Express Prepaid card[2] offers one free ATM withdrawal per month, followed by a $2 per transaction fee for each additional use.
  • Cards for regular use have recurring fees that cost about $0.99-$10 per month, depending on company and amount loaded each month. Typically, there is no convenience fee when using the card as a credit card. However, when used as a debit card, with a personal identification number, a $1-$2 transaction fee is added. These fees may be waived when minimum loading or reloading of about $1,000-$1,500 occurs during a calendar month. For example, Walmart[3] offers a money card with a $3 monthly fee that is waived when at least $1,000 is loaded or reloaded onto the card during the calendar month. This plan also charges $3 to reload at a Walmart store and $2 per ATM withdrawal, while Ready Debit Prepaid Cards[4] costs $9.95 to activate, followed by a $3.95 per month fee--waived when more than $1,500 per month is loaded--and charges a $2.25 per ATM withdrawal with a $0.95 charge per purchase. The maximum amount to be loaded onto a card at any one time is typically $7,500-$10,000.
Related articles: Travel Credit Card, Travelers' Checks, Money Belt, Passport

What should be included:
  • Access to available cash through ATMs and shopping locations without a background check or minimum balance requirement is typically included.
Additional costs:
  • The original card issuance fee is about $3-$15, depending on company and card design chosen.
  • Additional usage fees include an ATM balance inquiry fee of $0.50-$1 when using a domestic ATM or $1-$2 when using ATMs abroad to check a balance. International ATM withdrawal fees cost about $2-$5.00 per transaction, depending on location and issuer.
  • For international travelers, currency conversion charges cost about 2%-2.95% of the transaction amount, depending on company and location.
  • Paper statements cost about $1-$2 per month. A maintenance fee up to $2 is typically charged if the card becomes inactive (no loads or transactions occur within 90 days).
Discounts:
  • Check with issuing company for offers including free direct deposit, online bill pay options and point reward systems.
  • Some companies offer rewards for signing up for their prepaid cards including, for example, complimentary $25 gift cards for loading more than $200 at one time.
Shopping for a prepaid travel card:
  • Credit card.org maintains a list of recommended prepaid credit cards[5] .
  • Mastercard offers an online guide to prepaid cards.
post E-mail post Post  
CostHelper News


7 Ways to Stretch Your Reduced Food Budget
End of the year budgets are tight for everyone, especially in this economy.It's especially hard for the millions of Americans who depend on government programs like food stamps to help make ends meet. || Posted November 11 2013


7 Lesser-Known Discounts for the 50+ Crowd
As they age, members of the Baby Boomer generation don't like to admit that they're senior citizens, but they love getting discounts. It's kind of a quandary, because some of the best deals available are reduced prices for older folks. || Posted October 21 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments


 

Comment On Your Experience With a Prepaid Travel Card
 
Subject:  *
Amount Spent:  *
Type of Card: Issuer: 
Amount Loaded: Fees: 
Comments: 
Purchased:  Year: 
City:  * State:  *
 
Information about you:
Email:  * Email addresses are not displayed.
Name:  This is the name we'll display with your post.
me on this computer
*=required field.
 



External Resources:
  1.  www.accountnow.com/services/fee-schedule.aspx
  2.  www.americanexpress.com/us/content/prepaid/american-express-prepaid-card/faqs.html?vgne...
  3.  /www.walmartmoneycard.com/walmart/getacardnow?utm_content=walmart%20card&utm_source=GOO...
  4.  www.findaprepaidcard.com/prepaid-debit-card-fees/readydebit-prepaid-card-fees
  5.  www.creditcards.org/prepaid-debit-cards?lp=1&utm_campaign=ORG+CreditCards.org+Legacy+Br...
More Personal Finance Topics
Check Out All Costs for Personal Finance How Much Do Tax Returns Cost? How Much Does Closing a Home Cost? How Much Does a Traffic Ticket Attorney Cost?

Search Thousands of Topics on CostHelper.com

 
Today's Featured Cost Articles

About CostHelper
CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community
Sinus Infections - Steroid shot and sent home
Paid: 2753.00
I woke up having breathing problems. I went to nearby non-hospital THH office. Nurse took blood pressure and temperature. Dr came in the room and spent less than 10 minutes and stated I had sinus infection... [more]
-Bill Moore
Emergency Room Visit Cost
Mold Testing Pacific Palisades, CA
Paid: 800.00
It cost us 800. We were pleased with Knight Environmental consulting who we hired. They were very thorough. Friendly and respectful of our home.They checked everywhere in our 7000ft home and tested the air... [more]
-AMY SCHWARTZ
Mold Inspection Cost
extraction
Paid: 739.00
Had 3 extractions yesterday. The cost was 304.00 each extraction but with some kind of insurance plan you could get 30% off. The plan was 75.00 annually and came at a huge savings on the work as my final cost with the plan was 814... [more]
-Dental mess
Tooth Extraction Cost
McHenry MD - Suburban Propane
Paid: 3300.00
Just got my bill and in 5 weeks we supposedly used 356 gals. Hard to do when you are not there the entire time and you turned the thermostat to 60. They charged $.35 more per gallon then from 5 weeks ago. $3.42 per gallon... [more]
-Check your bill with Suburban
Propane Tank Cost
Laceration from stick
Paid: 25.00
Slipped and fell on a stick while running around on a hill, and recieved 2 lacerations on my right leg, one about an inch long and one about 2 inches long. Called my insurance asap (Kaiser) and they directed me to one of their Urgent Cares... [more]
-
Stitches Cost
Urinalysis was asked of me
Paid: 3920.00
This was supposed to cost $250. Total!$3,675. for a urinalysis. Not mentioned anywhere on ANY search was this required to get a card... [more]
-Nellie28
Medical Marijuana Card Cost