List of Cash Back Prepaid Credit Cards

Shortly after starting the Dough Roller in 2007, a friend encouraged me to write about prepaid credit cards. I refused. At the time, these credit card wannabes were riddled with high fees that ripped off consumers.

Over time, however, the fees came down. In fact, today there are several prepaid cards that are free if you use them correctly. And now, there are even some prepaid and debit cards that offer cash back rewards. While these rewards don’t compare to the best cash back rewards you’ll find with traditional credit cards, they are worth considering if you are looking for a prepaid card.

So in this post we’ll cover those prepaid cards with cash back bonuses. As you review these options, keep one thing in mind. The best cash back prepaid credit cards pay a percentage on certain purchases (typically 1% when you buy gas). Some, however, reward users with points that can only be used when you shop on the card’s online mall. While better than nothing, this second type of reward is not nearly as good as hard cold cash. The key is to know which is which, as we’ll describe below.

Vision Premier Card

The Vision Premier Card is a prepaid Visa card that offers the same reward as does the Walmart MoneyCard–1% cash back on gas purchases nationwide. Your earnings will be deposited directly into your prepaid card account. It is important to note that you must earn at least $3 before any cash is credited to your account. That means spending $300 on gas, although with gas prices today, that shouldn’t take very long. This card also gives members free direct deposit, free bill pay and there is no monthly fee. You do not need a checking account to apply for this card and there are no credit restrictions.

Kroger Prepaid Debit Card

When I was in high school, I worked at a Kroger in Ohio. I was thrilled to be making $3.40 an hour, rather than the minimum wage of $3.35. That extra $0.05 per hour meant a lot. Now Kroger offers a rewards prepaid debit card that pays rewards that make my hourly wage look like peanuts (it was peanuts!).

Called the 1-2-3 rewards, Kroger will pay you points on every purchase. You get 1 point for using the card outside of Kroger’s, 2 points inside the store, and 5 points when you buy Kroger branded products. Rack up 1,000 points, and you get $5 to go toward groceries. The rewards won’t make you rich, but if you have a Kroger’s in your area, the cash is better than nothing.

As we find more, we’ll update the post to add them here. And if you know of other prepaid or debit cards that offer cash back, please leave a comment to let us know about them!

Published or Updated: December 7, 2013
About Rob Berger

Rob founded the Dough Roller in 2007. A litigation attorney in the securities industry, he lives in Northern Virginia with his wife, their two teenagers, and the family mascot, a shih tzu named Sophie.

Comments

  1. Bob says:

    PerkStreet is NOT a prepaid card. It’s a bank account. They aren’t a bank themselves but they allow overdrafts just like a bank does and they blackball customers on EWS or Chex.

  2. James says:

    NetSpend’s reward program is actually pretty awesome. It actually sends you offers based on what you purchase, so you get offers that match your habits. I’ve had offers on other cards that didn’t match based on my habits and I never used them. There were also other good benefits of the card, so I don’t agree with the author saying NetSpend’s were less valuable – it sounds like they never used them.

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