What's Currently the Best Prepaid Credit Card Service?

My wife and I have a weird case we're trying to address. We set aside a monthly allowance for ourselves to cover personal expenses like gaming, eating out, etc. Individual accounts. We have 2 extra bank accounts tied to our main account for this. This system has worked well in allowing us to save and to keep within our budget overall. The problem is that there are some things (iTunes, Kindle) that have to come off of 1 account. Finding a way to manage this when we're both randomly making purchases on that account has proved to be a huge hassle. It seems like their should be a prepaid Card at this point that would allow us to shift our online purchases to that. Basically we want something we can transfer funds to so that these joint purchases can be made from an account that each of us can add money to. We looked into Bluebird, but they charge $2 every time you transfer from your bank. This is sub-optimal, obviously, because we're talking about using this for small purchases and that fee destroys the value. Is there any card that does what we're seeking?

- Can be used as a credit card for online purchases
- Can be reloaded from different bank accounts without high fees

I wouldn't even mind if there was a monthly fee, honestly. I would pay someone for this service to help us save money. But I'm not finding a card that suits our needs outside of creating yet another account with our bank. Any help / advice would be greatly appreciated.

Why not get prepaid cards for the accounts (iTunes, Kindle) that are causing the problem?

You can buy prepaid Amazon, iTunes...heck, you can pretty much get gift or prepaid cards for just about everything these days.

Not the same as a prepaid Visa/MC/Amex, but maybe easier to manage.

mateo wrote:

Why not get prepaid cards for the accounts (iTunes, Kindle) that are causing the problem?

You can buy prepaid Amazon, iTunes...heck, you can pretty much get gift or prepaid cards for just about everything these days.

Not the same as a prepaid Visa/MC/Amex, but maybe easier to manage.

The problem may seem small, but it's definitely one we've found tough to manage. If my wife added $10 to the account and bought something for $5 and I added $10 and bought something for $15 we'd have to handle that bookkeeping between each other. Not a huge deal, but it defeats the purpose. Especially considering many of these purchases are made with my wife on the road. Sorting out who paid what is not something we want to spend much time doing.

Not sure if this will work, but look into Amazon Payments and see how you can pay from there. You can definitely fund an Amazon Payments account with prepaid gift cards.

Can you just do a single larger transfer to Bluebird and then just not reload it until that money is gone so you don't have to pay many transfer fees?

Can you get your bank to issue credit-style debit cards for your private accounts? That would just fix the problem directly, wouldn't it?

I've used http://www.cashpassport.com/

Make sure you read/understand all the various rates and fees for filling them and keeping money on them.

DSGamer, have you tried just applying for a joint credit card from a third party like Capital One? It would seem to serve your purpose, and putting money on it is as simple as electronically paying any other bill from your account.

Ah, so the real problem isn't the credit card, the real problem is DRM.

Malor wrote:

Can you get your bank to issue credit-style debit cards for your private accounts? That would just fix the problem directly, wouldn't it?

We already do this. The problem is that iTunes can only have one account tied to it and the same with Kindle purchasing. So ultimately we probably will do this, but with another account. It just seemed like it should be possible to create another party account that simply acted as a place to move money through so we could disconnect our main accounts from those kind of online services.

Malor wrote:

Ah, so the real problem isn't the credit card, the real problem is DRM.

If it were possible to share content without literally the same username / password and thus the same credit card this wouldn't be a problem, correct. But every purchase we ever make through either service has to go through a single account so we can both utilize it.

Disclaimer: I have never purchased from either store, or ever tried to buy anything from a mobile device. Why not use paypal? I looked it up and it seems both services in the op accept it. When you log in to paypal, it allows you to select which account / card you want to use to pay. I know this because I often switch over to my credit card from the default bank account.

I would assume the problem with this is that the stores try to automate the experience and so choosing the paypal payment source might not work.

mrtomaytohead wrote:

Disclaimer: I have never purchased from either store, or ever tried to buy anything from a mobile device. Why not use paypal? I looked it up and it seems both services in the op accept it. When you log in to paypal, it allows you to select which account / card you want to use to pay. I know this because I often switch over to my credit card from the default bank account.

I would assume the problem with this is that the stores try to automate the experience and so choosing the paypal payment source might not work.

I looked into PayPal, actually, and it's close. But it seems to be saying that there is a 5 day waiting period before money is transferred. So it would cover many scenarios, but require us to move money in advance, which isn't always what you want if you're looking to buy a book to read right now or renting a movie.

DSGamer wrote:
mrtomaytohead wrote:

Disclaimer: I have never purchased from either store, or ever tried to buy anything from a mobile device. Why not use paypal? I looked it up and it seems both services in the op accept it. When you log in to paypal, it allows you to select which account / card you want to use to pay. I know this because I often switch over to my credit card from the default bank account.

I would assume the problem with this is that the stores try to automate the experience and so choosing the paypal payment source might not work.

I looked into PayPal, actually, and it's close. But it seems to be saying that there is a 5 day waiting period before money is transferred. So it would cover many scenarios, but require us to move money in advance, which isn't always what you want if you're looking to buy a book to read right now or renting a movie.

Oh, that's crappy. I didn't even think about the transfer funds into paypal method. I was just hoping you could make the pay direct from (verified) bank account or credit card route work.

I believe if you "verify" your bank account with them, you can set up direct payments from your bank account with no waiting period. You don't have to move money in advance. It's getting it back out that takes forever.

I know my account does this and I use it all the time that way, but my account is ancient so it might be a grandfather thing.

mrtomaytohead wrote:
DSGamer wrote:
mrtomaytohead wrote:

Disclaimer: I have never purchased from either store, or ever tried to buy anything from a mobile device. Why not use paypal? I looked it up and it seems both services in the op accept it. When you log in to paypal, it allows you to select which account / card you want to use to pay. I know this because I often switch over to my credit card from the default bank account.

I would assume the problem with this is that the stores try to automate the experience and so choosing the paypal payment source might not work.

I looked into PayPal, actually, and it's close. But it seems to be saying that there is a 5 day waiting period before money is transferred. So it would cover many scenarios, but require us to move money in advance, which isn't always what you want if you're looking to buy a book to read right now or renting a movie.

Oh, that's crappy. I didn't even think about the transfer funds into paypal method. I was just hoping you could make the pay direct from (verified) bank account or credit card route work.

Maybe I'm not following. There might be a way to do that. I think, however, that you would need to setup PayPal to be fronted by a credit card of some kind. PayPal offers this. And that option is the one where funding that account had a waiting period for money transfers. I suppose if iTunes or Amazon accepted PayPal directly (not sure if they do) you could transfer money from each account into the PayPal account that way. But I don't think that works. Maybe I'm wrong, though.

Pay Pal does now offer debit card service.

https://www.paypal.com/webapps/mpp/d...

Transfers into the account still take about 1 business day.

Credit unions offer debit cards and joint accounts. Set up a joint account. Move money to it each month. Each of you has a debit card and can access the account. The fact that it's separate from your bank account lets you section off the funds. And the fact that it's a credit union means it's going to be less expensive than a regular bank account or two.

Can't you just add both of your individual cards as valid payment methods on your shared iTunes/Amazon account? I know Amazon lets you add multiple payment methods, I can't imagine iTunes doesn't as well.

Stengah wrote:

Can't you just add both of your individual cards as valid payment methods on your shared iTunes/Amazon account? I know Amazon lets you add multiple payment methods, I can't imagine iTunes doesn't as well.

Not that I can see. They both require you to pick one as the "one click" payment source.

Thanks for posting!Did you know that most money deal today is done electronically or with plastic? Therefore, some feel that paying a kid's allowance on a prepaid debit card is a smart to teach them how cash works today. However, others see more difficulties with the cards than advantages, and that those lessons could be taught in more effective ways. Source of article:

https://personalmoneynetwork.com/