Pre Paid Credit Cards - HotUKDeals
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Pre Paid Credit Cards

jaybee24uk Avatar
1d, 10m agoPosted 1 decade, 10 months ago
If you are like me and have a rubbish credit rating, you probably find getting a credit card hard to get.

However there seems to be a trend of pre paid credit cards. The only reason I would need one of these is to book train tickets on the web, and maybe hotel rooms over the phone.

There is this new one, info here.

http://www.mycashplus.co.uk/

Just wondering if anyone has had any experience of any, and if there is any hidden costs?
jaybee24uk Avatar
1d, 10m agoPosted 1 decade, 10 months ago
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#1
As far as I am aware, these would not fully cover you/or cover you as well under the Consumer Act, as they are not lending you any money for purchases, especially on transactions of £100 or more, I was under the impression only real credit cards do this?

Is this not the equivlant of a prepaid debit card with no real bank account and no overdraft?
#2
The T&C's

monthly subs £4.95
Card issue/replacement £9.95 max
ATM withdrawal £2.00
Cash withdrewal (bank) £3.00
Opening acct or reload
by DD £2.00
automated line national rate
Cust services Adviser £0.50 per min
cancellation (refund
of YOUR money from
them) £10.00
forein transactions 2.75%

Best bit, if you do not use the card or top up within 120 days you get a £4.95 charge.

OH DEAR :x

Picking on the ones that already have difficulties with their money, like most money providers do, (most of them advertise on kids channels)

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