First, know what you’re getting. Most people understand prepaid debit card as retail gift card. Others know that such gift cards can be purchased through their local bank. What some consumers don’t know is that those purchased through their bank can come with hefty fees attached, and those fees can come in a myriad of disguises from up-front purchase fees to various administration fees including replacement costs account maintenance fees and fees for checking balance. Such fees are currently being debated in courts, but until a fair resolution is offered, it is up to consumers to be aware of what they are buying.

There are many prepaid credit cards on market these days, sometimes also labeled pre-funded. They're all reloadable, functioning like a prepaid card for telephone, and they offer gigantic benefits of no credit check and no annual interest fees.