obxfisherman wrote:To my knowledge there are no Prepaid Credit Cards, because well….credit cards don't work like that. Now there are many prepaid debit cards, however to find one without a monthly fee is rare. The Serve Card that was linked above is your best bet to get no fee, or to have a fee of only $1. The next cheapest I have found is $3 a month or $5 a month using BBT Prepaid Card. So AMEX Serve is your only option essentially.
A secured card is kind of like a prepaid credit card, and you can get one of those with no fee (or a very small initial fee).
For example, I think SDFCU charges a $5 fee to join the CU through some consumer agency (and some people can get around the $5 fee). Once you're in, the SDFCU secured card has no fee.
It makes more sense than paying a monthly or annual fee for a debit or prepaid card.
The downside is that it won't graduate to being unsecured and the rewards are nothing special.