Open loop gift cards act like prepaid cards and are typically issued by Visa, American Express, or Mastercard. Here is our list of the top 5 most popular prepaid credit cards.
5.) Mastercard Gift Card
The Mastercard prepaid card can be used anywhere that MasterCard is accepted in the United States. You need to call the phone number or visit the website on the card packaging to activate your gift card prior to first time use.
4.) Walmart Visa Moneycard
The Walmart Visa Moneycard actually acts more like a debit account then a prepaid credit card. You can add more funds to the card and even use it to pay your bills. It only costs $3 to activate which is a very low fee considering all of the perks that come with the card.
3.) Greendot Moneypak
The Greendot Moneypak can be purchased at Walmart, Walgreens, CVS, Rite Aid, K-Mart, and Kroger. It has a one time $4.95 activation fee and you can add anywhere from $20 – $500 to the card. You will have to use cash for this transaction. People love the Greendot Moneypak because you can use the card to add funds to your Paypal account and shop online that way.
2.) Vanilla Visa
Vanilla Visa gift cards are one of the most popular options for corporate rewards or employee incentive programs. They come in denominations of $25, $50, and $100. The only downside to the Vanilla Visa gift card is that you are unable to shop with them online, because there is no way to register the card. Regardless, Vanilla Visa is still a very popular card and can be used anywhere that Visa Debit is accepted in the United States.
1.) AMEX Gift Cards
In-store American Express Gift Cards can be purchased in denominations ranging from $25 – $250. Online at AmericanExpress.com you can purchase them in values all the way up to $3,000. AMEX prepaid cards cannot be re-loaded and never expire. This is one of the major differences between AMEX Gift Cards and other prepaid credit cards. Also, you can shop online with American Express gift cards after registering the card to your name.