A prepaid debit card (note that it's not called a prepaid credit card) functions something like a regular debit card: you're not allowed to spend money you don't have, so you post money upfront. The only difference is that with a prepaid card, you load money directly onto the card itself, while a regular debit card is linked to a checking account at a bank, and you deposit your money with the institution. Prepaid debit cards are popular with those with bad credit or no credit, and those who don't have relationships with banks. There are a number of popular and pretty cheap prepaid debit cards out there, but watch out for ones with high monthly maintenance fees or other "gotcha" charges like per-transaction fees. We strongly recommend that you read the entire fee schedule before you get the card, so you know what you'll be charged for. If you're looking to build or rebuild your credit history, we recommend a secured credit card, which will report your good behavior to the credit bureaus and help get your credit score back on track.



Showing 1 - 2 of 2  Results
Credit Card Annual Fee *Rewards Rate Sign Up Bonus Interest Rates
Capital One Secured MasterCard Credit Card

Capital One® Secured MasterCard®

Show Details
$0 0.00% You may qualify for a credit line increase based on your payment history and creditworthiness - no additional deposit required

24.9% Variable


Apply Now

on Capital One's
secure website

  • Qualify with limited / bad credit
  • No annual fee
  • No foreign transaction fee
  • No rewards
  • High APR
Account Details

  • No annual fee, with all the credit building benefits
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • Free access to your credit score and learn how everyday decisions can affect your score using Capital One® Credit Tracker
  • Your minimum security deposit gets you a $200 credit line
  • You may qualify for a credit line increase based on your payment history and creditworthiness with no additional deposit required
  • Easily manage your account 24/7 with online access, by phone, or using our mobile app
  • It’s a credit card accepted at millions of locations worldwide

See complete Capital One® Secured MasterCard® details

Pentagon Federal Credit Union Platinum Rewards Visa Signature Credit Card

PenFed Platinum Rewards Visa Signature® Card

Show Details
$0 1.00% None


4.99% for 12 mos on transfers

Apply Now

on Pentagon Federal Credit Union's
secure website

  • No annual fee
  • 4.99% for 12 mos on transfers
  • No foreign transaction fee
Account Details

  • You must be a PenFed member to apply. Not yet a member? It's easy to join!
  • You may be eligible through your employment, association membership, and volunteerism, or by becoming a member of one of our nonprofit partner organizations.
  • 4.99% APR promotional balance transfer rate for 12 Months on Balance Transfers made between November 01, 2014 through December 31, 2014. After that, the APR for the unpaid balance and any new balance transfers will vary with the market based on the Prime Rate, and is currently 9.99%. A 3% balance transfer fee applies to each transfer. This transaction is subject to credit approval.
  • 5 points per $1 on gas purchases, 3 points per $1 on supermarket purchases, and 1 point per $1 spent on all other purchases
  • Automatic enrollment in the PenFed Platinum Rewards Visa Signature® Program
  • Ability to redeem points for a range of rich rewards, including merchandise, travel, gift cards or even Visa® prepaid cards right from PenFed Online Banking.

See complete PenFed Platinum Rewards Visa Signature® Card details

* These values are NerdWallet's estimates and do not represent content provided by or commissioned by credit card providers.
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