Search thousands of topics on CostHelper.com

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


Forgotten Expenses In a Home Addition Budget
Items like construction costs, permit fees or debris removal aren't the only expenses to consider when calculating the total costs of a home remodeling project. || Posted August 5 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
Flu symptoms
Paid: 5932.68
Couldn’t stand headache pain when I caught the flu in March 2019. Threw up pain relievers, couldn’t eat or drink. After 5 hours of pain decided to hit ER... [more]
-GayLynn
Emergency Room Visit Cost
Financing
Paid: 20000.00
How do people afford wells? No one finances?... [more]
-Kourtney
Well Drilling Cost
1 yr 23lb Male Neuter
Paid: 424.08
The price would have been $282.08, but I opted for the blood work and to have it done via laser versus scalpel. I was still surprised by the cost, but I didn't really have anything to compare it to... [more]
-Joelle
Dog Spay or Neuter Cost
Is this cost of tax preparation correct
Paid: 1845.00
Each year our tax preparation cost goes up faster than inflation. we started at $800.00 in 2012 and now our bill for preparing taxes this year is $1,845.00... [more]
-smallbizchris
Business Tax Preparation Cost
Termite inspection/WDOR as required by the VA
Paid: 125.00
Called Terminix,,which I thought was an upstanding company,,guy came out did the inspection,,I told I'm a Vet and its required by the VA in order to complete the refinance of my home,,also it is required by the VA to use the VA approved for... [more]
-Felix Vaughan
Termite Inspections Cost
New 317 sq ft deck quote
Paid: 10500.00
This contractor built my fences out of redwood heartwood. They just quoted me for a redwood deck and I think it's a decent price. Curious to know what others think. I'm in the SF Bay Area where costs are usually higher for everything... [more]
-Ariana Faustini
Redwood Deck Cost