Prepaid Canadian Credit Cards | Visa And MasterCard

Canadian Prepaid Credit Cards

In today’s society credit cards are a convenient payment method and are sometimes required for booking hotel rooms and ordering items online. Being approved for one typically is not a problem for those who have an established, clean credit history. But what about people that don't have established credit, have a bad credit history or just don't want to pay interest charges? For them, applying for or purchasing a prepaid Visa or MasterCard is the way to go. A prepaid Canadian credit card looks just like any other major credit card, are accepted wherever Visa & MasterCard are excepted and some can be used to purchase items online. There are anonymous prepaid cards that can be bought in stores and registered cards and need to be applied for. Anonymous cards work great at physical locations but can be refused online due to not having a mailing address or name linked to them. Registered pre-paid credit cards like the RBC Visa Gift Card are associated with your name, address, phone number and other personal information. These cards can be used online and in stores with no issues.

Canadian Prepaid credit cards		Issuer	Sign Up Fee	Other Fees
	Vanilla Prepaid Visa Card	Bancorp Bank	Varies	A service fee of $2.50 per month beginning in the 7th month from the date of activation will be applied to any remaining balance A fee of $5.95 will be assessed for replacing the Card for any reason.
	Vanilla Prepaid MasterCard	Peoples Trust	Varies	A service fee of $2.50 per month beginning in the 7th month from the date of activation will be applied to any remaining balance There is a $9.95 fee for replacing a lost card.
	BMO Prepaid Travel MasterCard	BMO	$9.95	Monthly fee after 12 months of inactivity - $2.50
	Iridium Prepaid MasterCard	Iridium	$3.99	$1.99 load fee
	Citizens Bank Visa Gift Card	Citizens Bank	N/A	See Official website
	Nextwave Titanium Plus Prepaid MasterCard	Money Mart	$20 + Tax	Monthly maintenance fee - $7.50 Reload fee - $2.50
	RBC Visa Gift Card	Royal Bank	$3.95	Monthly maintenance fee - $1.50
	RBC Prepaid Visa Business Cards	Royal Bank	$3.75	Monthly maintenance fee - $1.75
	enviro Reloadable Vancity Visa Card	Vancity	$14.95	Monthly maintenance fee - $4.95

Note: Visit the card issuers official website for all terms and conditions.

CanadianCard.ca's Top Pick

TrueLine MasterCard	Low annual interest rate (AIR) OF 9.99% for purchases, balance transfers, access cheques and deposits Exclusive Platinum benefits and peace of mind Add authorized users at no additional cost Enhances security and protection with Chip & Pin technology Around-the-clock fraud protection No annual fee
	Annual Fee: $0	Interest Rate: 9.99%	Type: Platinum

mbna rewards Studentawards credit card	Earn 1 mbna rewards point for every qualifying $1 spent on retail transactions‡ 1,000 bonus points after your first qualifying purchase†† 1,000 bonus points each year on your account anniversary date‡ Redeem points for cash back, charitable donations, travel,brand-name merchandise and gift cards from top retailers No annual fee No Rewards Point Limits
	Annual Fee: $0	Interest Rate: 18.99%	Type: Student

Canadian Prepaid Credit Cards