The Ultimate Guide to Credit Cards
Thursday, May 26, 2022

Do Prepaid Cards Work on Cash App?

Do Prepaid Cards Work On Cash App

credit card advice

Ashley Dull

Written by: Ashley Dull

Ashley Dull

Ashley has overseen content and public relations on CardRates.com since 2015. She has worked closely with the world’s largest banks and financial institutions, up-and-coming fintech companies, and press and news outlets to curate comprehensive content and media campaigns. Her credit card commentary is featured on national media outlets that include CNBC, MarketWatch, Investopedia, and Reader's Digest, among others.

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Edited by: Lillian Guevara-Castro

Lillian Guevara-Castro

Lillian is a Content Editor who brings her journalism experience in business and consumer finance to ensure CardRates news articles and reports have been edited for overall clarity, accuracy, and reader engagement. Her primary goal is to assure editorial content meets the highest level of quality and precision.

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Advertiser Disclosure

Cash App is a peer-to-peer payment platform that gained a massive following because of its simplicity, versatility, and user-friendly interface. Developed by Square Inc., this P2P app makes it easy to send money to friends and family for free using their phone number, email address, or $Cashtag.

Most bank accounts, debit cards, and credit cards work on the app, but what about other options? Do prepaid cards work on Cash App? If not, what are the alternatives?

Let’s explore Cash App’s payment policy to review your options.

Prepaid Cards Work on Cash App, But Only For Sending Money

According to the list of supported cards for Cash App, most prepaid cards are supported, as well as all debit and credit cards from Visa, Mastercard, American Express, and Discover. However, you can only send money to someone using a prepaid card — you cannot deposit money from Cash App to a prepaid card.

If you need a prepaid card to send money on Cash App, check out our top-rated cards below:

PayPal Prepaid Mastercard® Review

at The Bancorp Bank'ssecure website

PREPAID RATING

★★★★★
4.8

OVERALL RATING

  • Move money from your PayPal account to fund your prepaid card account.
  • Earn cash back and personalized offers, just for using your card.
  • With Direct Deposit, you can get paid faster than a paper check.
  • Card issued by The Bancorp Bank, Member FDIC. Card may be used everywhere Debit Mastercard is accepted.
  • Click PayPal Prepaid Mastercard® for additional features & program details, and to request a Card.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
Variable Monthly Fee
Not applicable
Brinks Prepaid Mastercard Review

at Republic Bank & Trust Company'ssecure website

PREPAID RATING

★★★★★
4.8

OVERALL RATING

  • Brink’s gives you the peace of mind you deserve. Securing cash and valuables since 1859.
  • With Brink’s Direct Deposit, you can get paid faster* than a paper check.
  • No late fees or interest charges because this is not a credit card.
  • Use the Brink’s Money Prepaid Mobile App to manage your account on the go and get text message or email alerts (Message & data rates may apply.)
  • *Card issued by Republic Bank & Trust Company, Member FDIC. Card may be used everywhere Mastercard Debit cards are accepted. “Apply Now” for full details.
  • See additional Brink’s Prepaid Mastercard® Details.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
Variable Monthly Fees
Not applicable
NetSpend® Visa® Prepaid Card Review

at NetSpend'ssecure website

PREPAID RATING

★★★★★
4.8

OVERALL RATING

  • With Netspend Direct Deposit, you can get paid faster than a paper check.
  • No late fees or interest charges because this is not a credit card.
  • No Overdraft Fees on purchases using your card.
  • Use the NetSpend Mobile App to manage your account on the go and get text message or email alerts (Message & data rates may apply).
  • Card issued by MetaBank®, Member FDIC. Card may be used everywhere Visa Debit cards are accepted. Click "Get My Card" for full details.
  • See additional NetSpend® Prepaid Visa® details.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
Variable Monthly Fee
Not applicable
Playcard Prepaid Mastercard Review

at MetaBank®'ssecure website

PREPAID RATING

★★★★★
4.8

OVERALL RATING

  • Enjoy online gaming? Get PlayCard and Stay in the Action.
  • Separate your fun money from your budget.
  • No late fees or interest charges because this is not a credit card.
  • Use the Playcard Mobile App to manage your Card Account on the go and enroll to get text messages or email alerts. (Message & data rates may apply).
  • Card use is subject to activation and ID verification. Terms and Costs Apply.
  • Card issued by MetaBank®, N.A., Member FDIC.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
Not applicable
NetSpend® Visa® Prepaid Card Review

at NetSpend'ssecure website

PREPAID RATING

★★★★★
4.7

OVERALL RATING

  • With Netspend Direct Deposit, you can get paid faster than a paper check.
  • No late fees or interest charges because this is not a credit card.
  • No Overdraft Fees on purchases using your card.
  • Use the NetSpend Mobile App to manage your account on the go and get text message or email alerts (Message & data rates may apply).
  • Card issued by MetaBank®, Member FDIC. Card may be used everywhere Visa Debit cards are accepted. Click "Get My Card " for full details.
  • See additional NetSpend® Prepaid Visa® details.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
Up-to $9.95 monthly
Not applicable

In fact, the only way to move Cash App funds is to initiate a transfer to a debit card or bank account. You cannot transfer funds onto a prepaid card or any other credit card for that matter. Another way to access your Cash App balance is to sign up for a free Cash Card and use it anywhere Visa debit cards are accepted.

What Other Cards Are Accepted on Cash App?

Cash App accepts credit cards and debit cards from Visa, Mastercard, Discover, and American Express. However, the app does not currently accept business debit cards, ATM cards, or PayPal. Users can add a bank account to Cash App or direct-deposit paychecks into their Cash App account.

The following cards are our top-recommended credit cards to use on Cash App:

Discover it® Cash Back Review

at Discover Card'ssecure website

BEST OVERALL RATING

★★★★★
4.9

OVERALL RATING

  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back in any amount, any time. Rewards never expire.
  • NEW Intro APR: Get a 0% intro APR‡ for 15 months on purchases. Then 12.24% to 23.24% Standard Variable Purchase APR applies, based on credit worthiness.
  • No annual fee.
  • Click "APPLY NOW" to see rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 15 months
0% Intro APR for 15 months
12.24% - 23.24% Variable APR
$0
Excellent/Good/Average
Discover it® Balance Transfer Review

at Discover Card'ssecure website

BEST OVERALL RATING

★★★★★
4.9

OVERALL RATING

  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • No annual fee.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Click "APPLY NOW" to see rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 6 months
0% Intro APR for 18 months
12.24% - 23.24% Variable APR
$0
Excellent/Good/Average

BEST OVERALL RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
16.24% - 24.24% (Variable)
$95
Excellent, Good

+ See More Top-Rated Credit Cards

Note that payments made with a credit card require a 3% fee, which is in line with Venmo and other P2P apps. This means opening a free bank account and linking your account/debit card to Cash App is the most affordable way to utilize the service.

How Does Cash App Work?

If you’ve ever used PayPal or Venmo, you’ll be familiar with the functions of Cash App. You can link a payment method, send and receive money virtually, and transfer funds to your bank account as needed.

Here’s a quick guide of Cash App basics:

How to Create a Cash App Account

Start by downloading Cash App on your Apple or Android device. After creating an account, you can also sign in online to access your account on your computer.

Follow the prompts to create your Cash App account. You’ll need to link at least one bank account to the app to start. You can add debit and credit cards to the account later on, but you need a bank account for the initial setup.

Cash App Logo

Download the Cash App on your phone and follow the prompts to create an account.

One of the prompts will ask you to create your $Cashtag, which is a unique username that other people can use to send you money.

After you’ve followed all the necessary steps, you’ll have a Restricted Account. You can use this to send money from your bank account or deposit money you’ve received into your bank account, but you cannot send money from your Cash App balance to another user.

If Sharon sent $50 to your Restricted Account, you couldn’t send $20 of that to Bill. You’d have to send Bill money from your bank account, or deposit Sharon’s money and then send it to Bill.

To upgrade to an Unrestricted Account, you will need to verify your identity, including your name, date of birth, mailing address, and last four digits of your Social Security number. This process may take a few days to complete, but you will then have a fully-functional account.

Cash App Fees

There are no fees for most Cash App services. However, if you send money with a credit card, you will be charged a 3% transaction fee. You can avoid this by sending money from a debit card or bank account instead.

The only other fee you may be charged is an Instant Transfer fee, which is 1.5% of your deposit with a minimum of $0.25 charged. An instant transfer is when you request a real-time money transfer to your debit card. If you transfer money to your bank account, there is no fee, but you’ll have to wait 1-3 business days for the funds to post.

How to Send Money With Cash App

To send funds to another Cash App user, follow these steps:

  1. Open Cash App on your phone.
  2. Enter the amount of money you’d like to send and hit the Pay button.
  3. Enter the phone number, email address, or $Cashtag (username) for the person you’d like to send money to.
  4. Add a description for the transaction, and then hit Pay again. Then the funds will be on their way!

You can send funds from your prepaid card, bank account, credit card, debit card, or Cash App balance.

How to Receive Money On Cash App

There are two ways to receive money on Cash App. Someone can send you money using the instructions above, or you can request money from one or more people on the app.

Here are the steps to request money on Cash App:

  1. Open Cash App on your phone.
  2. Enter an amount of money and hit Request (the bottom-left button).
  3. Choose people from the list provided, or manually enter the person’s $Cashtag.
  4. Add a note for the transaction, then hit Request.
  5. If the recipient approves the request, they will be prompted to complete steps for payment.

Transfer Limits On Cash App

With a Restricted Cash App Account, you can send up to $250 in a 7-day period and receive $1,000 in a 30-day period. If you verify your mailing address, birthday, and last four digits of your SSN, you can increase Cash App limits.

Verified account holders can send up to $7,500 per week and receive an unlimited amount of funds.

How Does the Cash Card Work?

The Cash Card is a free debit card connected to your Cash App account. It allows you to use the funds in your Cash App Balance just as you would a debit card tied to your bank account.

Swipe the Cash Card anywhere Visa cards are accepted, and the funds will be pulled from your account balance. It’s that easy.

How to Order a Cash Card

Cash App Cash CardTo order a Cash Card, you must be 18 years of age or older. Select the Cash Card tab on the app’s home screen, and press the Get Free Cash Card button. The app will ask a few questions to verify your identity and find out where you’d like to receive your card.

It may take up to 10 business days to receive the card in the mail, but that time frame may be delayed based on your identity verification steps.

Cash Boosts on Cash Card (Discounts for Select Purchases)

The Cash Card offers Cash Boosts, which are special savings you can activate for select merchants. For instance, you can save 10% on DoorDash transactions when paying with a Cash Card.

You can only activate one Boost at a time, but you can switch between Boosts as much as you want. Make sure you activate the new Boost before swiping your card, and you should receive the corresponding discount.

To activate a Cash Boost, follow these steps:

  1. Open the Cash Card tab on the app’s home screen.
  2. Select Save with Boost.
  3. Browse through available Boosts and select one that you’d like to use. Then press Add Boost.
  4. Use your Cash Card with the corresponding merchant.

Some Cash Boosts have minimum purchase limits to receive the discount. You can only use a Boost once per hour, and you cannot apply a Boost to a cash back transaction.

Cash Card ATM Withdrawal Limits

The Cash Card does support ATM cash withdrawals, but there are transaction limits to keep in mind. The ATM you use may also have a withdrawal limit, separate from Cash App’s settings. Here are the ATM limits for Cash Card:

  • Up to $310 per transaction
  • Up to $1,000 per 24-hour period
  • Up to $1,000 per 7-day period

Let’s break that down a bit. You can withdraw $1,000 on Monday, but then you have to wait until the following Monday to withdraw more money. If you withdraw $600 Monday and $400 Tuesday, you’ll be able to withdraw another $600 the following Monday.

Cash back at a register also counts toward your withdrawal limit.

Note: If you check your account balance using an ATM, it will display as $0, regardless of how much money is in there. Use the app on your phone for an accurate reflection of your Cash App balance.

Cash Card Fees

There are no monthly fees or transaction fees on the Cash Card. Cash App does charge a $2 ATM fee per withdrawal, in addition to the fee the ATM provider charges. You can have those fees waived if you receive a direct deposit of $300 or more into your Cash App account each month.

Is Cash App a Bank?

Cash App offers many bank-like services, but it is not a bank. Even though the Cash Card is issued by Sutton Bank, the bank never actually holds the funds. Thus, the funds in your Cash App Balance are not FDIC-insured as they would be in a traditional bank.

You can use your Cash App and Cash Card much like you would a checking account and debit card, but at the end of the day, you’re using an app, not a bank.

You Have Options For Accessing Your Cash App Balance

Cash App supports most prepaid cards for sending payments. The difficulty arises when you want to access your Cash App balance. That’s when you’ll need Cash App’s free Cash Card or a bank account so you can use the funds as you please and unlock all the services offered by this popular payment service. You can request a Cash Card for free, but you must be 18 or older to qualify.

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