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Naomi
13-12-2006, 02:10 PM
Has anybody got one of these cards?

I've just got one for hubby. Apparently what you do is pay a £16 fee and then add money to the card as and when. To add money to the card is free and you use it just like any other Credit Card. It's being issued by MasterCard. I thought it would be a good idea for hubby cos then he can add money to it and use whilst he's abroad, instead of me sorting it out all the time :roll:
Fran
13-12-2006, 02:13 PM
Sorry Nae, I have no experience of them but they do sound like a good idea
alexgirl73
13-12-2006, 02:14 PM
never heard of this, but sounds like a very good idea.
dinahsmum
13-12-2006, 02:15 PM
I've heard of them (particularly for travelling) but not seen or used.
It's a really good idea - less fiddly than travellers cheques and I think you get a degree of security too .... i.e. if it's lost or stolen you can report it and stop it
EmmaG
13-12-2006, 02:18 PM
We used one when we went to Portgual, very easy to use, and I would use it again.
Kazz
13-12-2006, 02:47 PM
Sounds great especially when on holiday, where did you sign up Nae??? would be good for my Mom I think no carrying cash or the risk of loosing loads.
Naomi
13-12-2006, 03:15 PM
I applied for it from this site.

http://www.studentguru.co.uk/studentsurvival/prepaid-credit-cards

Got our confirmation email through straightaway
Mags
13-12-2006, 04:27 PM
Sounds a good idea Nae.....
Sweet
13-12-2006, 04:29 PM
Ive never heard of this x
Naomi
13-12-2006, 05:24 PM
Apparently it's the latest thing.
teenytiny
03-01-2007, 01:02 AM
My friend has a mastercard pre-paid credit card from 'The Money Shop'. I don't think she paid a fee for the card either. They sound like a good idea to me....
dandysmom
03-01-2007, 03:02 AM
These are pushed here in the States especially for parents to give to their children in college. Apparently the parents can add more value to the card instead of sending checks. Seems practical. Have no idea if there's a fee to get one.....
Amanda
05-01-2007, 01:45 AM
Sounds like a good idea :D

Just found this: http://news.bbc.co.uk/1/hi/programmes/moneybox/6116916.stm
tells you a little more about them, as they do seem to be becoming popular. Apparently the daily mirror has brought one out :shock:
Amanda
05-01-2007, 01:51 AM
OMG.. have you seen the charges? :shock:




This was just on Working Lunch, charges are:

£9.95 setup
£2.00 per ATM withdrawal
£2.00 to load with a Debit/Credit card

£4.95 /month service fee
or
£1.00 /transaction service fee

Seems a bit steep, but it could be worth it for some.

John :cool:

Naomi, is it still the same as this (as this was a year ago)?
Naomi
05-01-2007, 09:44 AM
Card Issue Fee £9-95 (one off payment)
Monthly Service Fee £4-95
Withdrawl from an ATM machine £3-00

Maximum of £15,000 a year, minimum of £10 a year.

It'll work for us as hubby works abroad so he'll still have access to money altho he is going to be told NOT to withdraw money from an ATM :lol: