Canadian Prepaid Credit Cards |
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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 | |
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BMO Prepaid Travel MasterCard | BMO | $9.95 | Monthly fee after 12 months of inactivity - $2.50 |
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Iridium Prepaid MasterCard | Iridium | $3.99 | $1.99 load fee |
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Citizens Bank Visa Gift Card | Citizens Bank | N/A | See Official website |
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Nextwave Titanium Plus Prepaid MasterCard | Money Mart | $20 + Tax | Monthly maintenance fee - $7.50 Reload fee - $2.50 |
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RBC Visa Gift Card | Royal Bank | $3.95 | Monthly maintenance fee - $1.50 |
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RBC Prepaid Visa Business Cards | Royal Bank | $3.75 | Monthly maintenance fee - $1.75 |
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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.
