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If you are simply referring to a prepaid card like the Mango Money card and American Express Pass the answer is MAYBE. Prepaid cards have different fee structures that are determined by the company that issues it- just because two prepaid cards from different companies both have a VISA or MasterCard logo on them doesn't mean that they both have the same cost. Feel free to look up any prepaid card offers you see online or in the mail, or find a "rate detective" to help you gather any information you need...

Meanwhile, you may also be referring to a secured credit card. These are credit cards which require you to provide a security deposit just in case you fail to pay. These also have different fee structures- one secured card may have a low monthly fee or none at all but carries a noticeably higher interest rate, while another may have a very low APR but carries a fee billed month to month.

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Q: Do you have to pay for a prepaid credit card?
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