If you don't have a Visa/MasterCard checking card or your current credit card has a low availability of funds on it, a prepaid card can be a great way to make On-line
purchases, reserve a hotel room, or make a car reservation. These prepaid credit cards are beneficial for traveling internationally because they can help to keep track of your spending and can
be much safer then carrying cash. For your convenience we have listed some prepaid credit card issuers in Canada.
Royal Bank of Canada (RBC Royal Bank) - RBC offers Visa gift cards (prepaid/stored value cards) and can only be loaded once, at the time of purchase. When purchases are made, amounts are deducted from the cards until the balances reach $0. RBC Visa gift cards can be replaced if lost, stolen or damaged provided they have been registered. RBC Visa Gift Cards can be used while traveling outside of Canada, however these cards may only be used to make purchases and cannot be used to withdraw cash at an ATM. These Visa gift cards can be purchased at any RBC Royal Bank branch in Canada. Please visit their website at http://www.rbcroyalbank.com for additional information.
The Vancity enviro Reloadable Visa - This prepaid credit card in Canada gives you all the benefits of Visa without having to qualify for credit. This prepaid card is reloadable and funds can be withdrawn at ATMs. It also comes with extended warranty and purchase security insurance on almost everything you buy. This card is secure and has its own built-in spending limit that you control. For information on fees and where to get one of these cards, please visit https://www.vancity.com.
Citizens Bank/Vancity Reloadable Visa Card - This Canadian prepaid payment card can be used anywhere Visa is accepted electronically. It is ready to use upon activation, has its own built-in spending limit you can control, and you can track your spending and card balance On-line. They also provide purchase security and extended warranty coverage when you use your Visa card to make purchases. (Insurance is underwritten by Elite Insurance Company.) This card is limited to a maximum balance of $2,500.00 at any one time and you can only load a maximum of $20,000 over the life of the card. Further information on this reloadable prepaid card in Canada can be found at https://www.myreloadable.ca.
Titanium+ Prepaid Visa Card - This Canadian prepaid card is available at any MoneyMart and they have over 450 locations in the provinces of the British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Atlantic Provinces, Yukon and Northwest Territories. They have the biggest instant load network in Canada. You can withdraw cash at over 1 Million ATMs displaying the Cirrus or the Visa logo and make purchases wherever Visa cards are accepted. The maximum available balance you can have is $10,000. You can check your balance and get details on your transaction history On-line or from text and email messaging. Under Visa's Zero Liability policy, you will not be liable for any unauthorized transactions made with your lost or stolen Visa card. You must be a resident of Canada to be eligible for this card. More information can be found at http://www.mytitanium.ca.
BMO Prepaid Travel MasterCard - This card issued by the Bank of Montreal can be used anywhere MasterCard is accepted, with over 30 million locations worldwide. Free protection from both theft and fraudulent use of your card along with security and purchase protection features. Load funds from $100 to $10,000 CDN from your bank account. Funds can also be withdrawn from any of the one million ATMs worldwide that accept MasterCard. Further information on this prepaid card in Canada can be found by visiting their website at http://www.bmo.com.
Please email us at [email protected] to report any inaccuracies to the above list or if you know any additional prepaid card issuers in Canada.