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Prepaid card comparison
Compare the best prepaid cards in the Philippines. All in one place!
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Compare the best Prepaid Cards in the Philippines

Similar to your credit card, you can use your card to purchase items online and in-store at all merchant locations that accept Mastercard or Visa. Most shops in major cities in the Philippines are already equipped with terminals and you will be able to use your prepaid card there. For instance, all Starbucks outlets in the Philippines are equipped with card terminals and accept both prepaid and credit cards. The same logic applies to an online transaction. You can use your prepaid card for a transaction on e.g. Lazada in the same way you use your credit card.
Prepaid cards combine the convenience of a credit or debit card for transactions with the ability to allow you to set a spending limit according to your budget. Prepaid cards are available to everyone as long as you have a valid ID (and in some cases, you are required to have a mobile phone number). Another benefit of a prepaid card is the building of a credit history. If you're looking to get a loan or a credit card in the future but can't get approved at this stage, building a steady payback history with your prepaid provider can help you improve your credit score and to get access to other loan products.
What are the disadvantages of prepaid cards compared to credit or debit cards? Well, it does allow you to spend money you don't have like a credit card does. This may be a disadvantage for some and an advantage for others. The inconvenience of loading money onto the card everytime you want to make a bigger transaction is the biggest downside for some. Here we recommend to carefully check which options the card provider is offering to top-up the card. For example, if you have a BDO account and your prepaid card provider allows you to directly transfer funds from your BDO account to your prepaid card, the transaction is convenient and very straightforward.

However, if you have to first withdraw money from your bank account and then go to a specific outlet far from your house to load your card, it might not be the most convenient option for you. Prepaid cards are also not the most convenient option for your travels abroad. You might not have an option to re-load your card while you are abroad and your issuers may charge you higher fees for transactions abroad.

Prepaid cards look and feel very similar to a conventional credit or debit card but do not let you spend from a current account or from a pre-agreed credit facility. Instead, you have to load money onto the card prior to usage. You have to add more funds to your account once the money runs out.
Prepaid cards mostly operate on the networks of either MasterCard or Visa. This allows the card to be used almost anywhere a conventional credit card is accepted. Though pay attention here, some card issuers have their own card networks and acceptance may vary significantly for less popular card network schemes. A Prepaid user loads money onto the card through various channels such as bank transfers, 7eleven top-ups or Bayad centres and can then use the prepaid value at any participating retail merchant location for purchases. Most cards can also be used for ATM cash withdrawals. Both purchases and cash withdrawals are deducted from your balance.
This may be one of the most important aspects when getting a new Prepaid Card. How convenient is it to top-up my card? Big players such as PayMaya allow you to load your card through channels such as the following: 7eleven, Robinsons Department Stores, SM Stores, BDO, Smart Money, Smart Padala, Union Bank, 2Go Express, Shopwise, Wellcome Supermarkets, ECpay, Gaisano Malls, Touch pay, Palawan Pawnshops, Bayad Centers, and ExpressPay outlets.
Some do, some don't. Please check the more details section of the cards to find out more information.
Most Prepaid Cards offer the same security features of a Debit or Credit Card. The most important feature to look out for is EMV. EMV stands for Europay, MasterCard, and Visa and is the global standard for payment cards using the chip technology instead of the traditional magnetic stripe technology. So how do I know if my card features EMV? Simply check if it has a chip at the front of the card in addition to the magnetic stripe at the back.

Aside from EMV, you should apply standard security measures when using your Prepaid card, such as keeping your password secure, don't share card details with others, and always keep your card in your possession. The only downside of Prepaid (and Debit) Cards compared to Credit Cards is the fact that if your card gets compromised, someone may gain access to your entire account balance as opposed to a credit limit that cannot be withdrawn entirely in most cases.

It depends. If you are planning to send money e.g. from a PayMaya account to another PayMaya user, the transaction would be free and very easy. However, it is currently not possible to send e.g. money from a GCash account to a PayMaya account and vice versa.
Some providers enforce a minimum age on their applications whereas others are less strict. Please refer to the more information section of each card. A rule of thumb is that everyone who owns a mobile phone and has a valid ID can apply for a Prepaid Card. Most companies though recommend you to be 12 years and above.