Search thousands of topics on CostHelper

BROWSE ALL TOPICS >> babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business sports 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 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 Post    
CostHelper News


10 Quick and Inexpensive Home Makeover Projects To Do While At Home
You may not be able to host the large family gathering for the holidays, but there are still many ways to pick up items curbside to spruce up your indoor space for your everyday enjoyment and to bring a more festive spirit. || Posted December 30 2020


10 Key Ways to Prepare for Extreme Snow
Forecasters are predicting a true nor'easter will hit the eastern and central states with rain, thunderstorms, ice, snow and high winds over the Thanksgiving weekend. It's crucial to plan ahead, before bad weather hits. || Posted November 26 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...
  3.  /www.walmartmoneycard.com/walmart/getacardnow?utm_content=walmart%20card&utm_sourc...
  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+Lega...
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
shoulder mri
Paid: 8000.00
Seriously, 8K for an MRI before all the secret insurance kicks in. I was stuck with a 1200 bill and my insurance is pretty good. This is insane for a 20 minute procedure with no nurse assistance... [more]
-stevej45
MRI Cost
Garage conversion for larger Den. Old den will become Breakfast room
Paid: 21000.00
We removed garage door, put in a 107'X60" window and exterior door. We also framed/sheet rocked where the garage door had been and built a closet... [more]
-USAF Retiree's wife
Garage Conversion Cost
Traffic citation
Paid: 500.00
Flat rate... [more]
-OL
Traffic Ticket Attorney Cost
what should have cost under 100
Paid: 399.67
had my back wheel stuck on someone's driveway and I was pulled out as easily as a tractor could have done... [more]
-Morgan Moonscar
Towing a Car Cost
Why is dental insurance stuck in the 80's?
Paid: 55000.00
In 1986, I started my first full time Big Girl job, which came with options for medical insurance that ranged from "Volkswagon to Cadillac, and everything in between" which was up to me to choose based on my needs, what I could af... [more]
-Frogsoup09
Dental Implants Cost
Sticker shock
Paid: 389.00
I was totally shocked it came to 385 for one pair of glasses! Usually 220 at costco... [more]
-Diana Evans
Eyeglasses Cost