November 7, 2013
There are a lot of prepaid cards in the market today. Consumers may get totally confused as to which would be the best option for them. We at Lets Talk Payments have profiled 22 prepaid cards in the U.S that consumers can utilize to make payments, withdraw cash, transfer money, recharge etc.
The following prepaid cards have been brought to the market by a varied set of firms - 5 Pureplay Prepaid Companies, 3 payment networks, 2 banks, 2 Internet/software and one each of - credit card, remittance, retailer, transportation and payment tech companies.
In alphabetical order:
1) Ace Hardware
Ace hardware provides a popular category of reward and gift cards. They offer both Platinum and Visa business cards. The cards offer a reward programme which allow for the rewards to be redeemed at the participating Ace Hardware outlets.
The USP's of the card are: - 1000 bonus benefits to get started
2) American Public Transit Association
American Public Transit association offers single smart cards to commuters across the USA for different modes of transport from subways to ferries.The cards allow for electronic fare collection by directly deducting the fare from the users credit/debit accounts.The cards are available as different brand names in different states of the US: E.g. the breeze card in metropolitan Atlanta, The translink card in San Fransisco, One regional card for all in Seattle , Transit Access Pass(TAP) in Los Angeles etc.
The USP's of the card are:
- The card will replace several hundred paper and plastic media used as tickets, transfers or passes
-Helps the transit operators manage revenue sharing, optimize their operations and offer innovative features such as transit benefits program
3) American Express
The American express Prepaid card is a prepaid , reloadable card. It allows for the card purchaser to load the card with funds upfront and reload it.
The USP's of the card are: - Can be used for mail order, online and in-store location purchases
- Can be used to withdraw cash from ATM's - Can be used worldwide for purchases - It has a minimum and maximum loading limit depending on whether it loaded by cash, direct deposit or the bank account - The card can be ordered online and fund it using a Direct deposit
4) Blackhawk Network
Blackhawk is a worldwide gift card distribution network owned by Safeway Inc.Blackhawk has partnered with Prepaid resources to provide a BenefitsDirect prepaid card. Blackhawk has become the third largest third party provider of prepaid cards and payment solutions to consumers through its network of content providers and points of retail distribution. The USP's of the Benefits Direct prepaid card are:
5) Bluebird Prepaid card
Bluebird is a prepaid card initiative by American Express and Walmart which was launched in late October 2011. The card targets teenagers and youngsters by offering a non expensive, convenient, system for withdrawals and cash transactions. The USP's of Bluebird prepaid card are:
-No monthly fee for activation -Card can be obtained at Walmart for $5
-Bluebird be loaded for free from a bank account or by using cash or debit card at Walmart
-Customers can deposit checks by snapping a picture from their smartphones -electronically pay bills -send cash to family and friends -place upto $100,000 into their accounts. -Users can withdraw a maximum of $500 per day and $2000 per month.
Discover offers prepaid reloadable cards that are accepted by outlets accepting Visa and Master card. The USP's of the card are:
- Fraud protection for unauthorized charges - Cash access through ATM's or stores that will do cash back -Account monitoring through Discovers website - Reload options
Facebook has partnered with Target to lauch prepaid cards for virtual goods in stores.Facebook allows its users to buy prepaid cards for its virtual currency- Credits within 1743 Target retail locations in the US and on Target.com. The USP's of the card are:
8) Green Dot
Greendot is a leading provider of reloadable prepaid cards that can be used anywhere Mastercard or Visa debit cards are accepted.
The USP's of the card are:
9) H&R Block
- H&R Block provides Emerald prepaid Master card . The USP's of the card are:
Incomm is the Industry leading marketer, distributor and technology innovator of stored value gift and prepaid cards. The USP's of the card are:
11) J.P. Morgan Chase
JP Morgan chase offers the Chase liquid prepaid cards. The USP's of the card are:
Mastercard offers Maestro prepaid cards.These cards allow to spend the money that is loaded onto the cards. The USP;s of the Maestro prepaid cards are:
Netspend offers prepaid visa reloadable card The USP's of the card are:
14) Regions Bank
Regions offers a prepaid reloadable card. The USP's of the card are:
Vantiv offers prepaid gift cards. The USP's of the Vantiv cards are:
Visa offers reloadable prepaid cards. USP's of the card include:
17) Western Union
Western Union offers Moneywise prepaid reloadable cards. The USP's of the card are:
Some of the other prepaid cards in use by American Consumers are: BB&T prepaid debit card,Walmart money card, Halogen reloadable prepaid card, VISA rush card, Magic prepaid mastercard, Access360 Reloadable Prepaid card, PNC Smart Access Prepaid Visa Card, Univision Mastercard Prepaid card, Mango Prepaid Mastercard, UPside Prepaid Visa card, U.S Bank Convenient Cash Card, AccountNow Gold Visa Prepaid Card (MetaBank), Reach Visa prepaid card (Tom Joyner) and Redpack Mi promesa prepaid Mastercard.