Choosing a prepaid card

The use and acceptance of prepaid cards has taken off in the UK over the past few years. Today, a number of MasterCard and Visa prepaid cards are available which are accepted in much the same way as a regular credit or debit card, either up to a fixed value or else re-loadable by the cardholder.

Like other types of payment cards it is worth shopping around to find a prepaid card that best suits your needs. Prepaid cards have a variety of purposes – and the main ones are explored in the section Uses of prepaid cards.