Prepaid

Canada's Best Prepaid Mastercard and Visa Cards: Reloadable, Works Everywhere


Firstly, check out some of my other articles on Canadian prepaid cards, and alternatives for the typical prepaid card user:

BMO Prepaid Travel Mosaik Mastercard Review ("Prepaid Credit Card")

I consider the BMO Prepaid Travel Mosaik Mastercard to be the best reloadable prepaid cards on the market.

Here's (mostly) why:

Mastercard and Visa Credit Cards for Teens in Canada

Mastercards and Visa Cards for Canadian Teens


Visa Gift Cards in Canada

Background on Prepaid Visa/Mastercards in Canada

I've already written a very popular article on prepaid cards in Canada, and I do recommend reading it, as it is full of useful of information on this topic. When purchasing a card like this, it is very important to shop around and look at all of the available options. 

Prepaid Mastercard or Visa Cards as Gifts: Bad Idea For the Holidays

For Christmas, I'm sure many people are looking toward possibly buying one of those prepaid Mastercard or Visa cards. I would say DON'T buy one of these as a gift.

Prepaid Visa & Mastercards Are Worse than Store-Branded Cards as Gifts

It's like giving money that's less useful than money. Why would you want to do that? People like money, and I don't believe (unless it's really thoughtful) much in giving out non-unique gift cards when one could just use the cash.

MuchMusic Prepaid Mastercard: Get that Credit Card Feeling, for a fee

Why Get a Prepaid Mastercard or Prepaid Visa?

In my opinion, there are only two reasons to get a Prepaid Mastercard/Visa card:

  1. You can't get a credit card, but need to make some purchases that require a Mastercard/Visa Credit Card
  2. You have a credit card, but want to make a purchase 100% anonymously, or pseudo-anonymously.

The Muchmusic Prepaid Mastercard is the kind that you need to fill out an actual application for, and you get a Mastercard that has your (teen's) name on it.