Did you know?
£56,058 was the average household debt (including mortgages) in February 2012.
Source: Credit Action (www.creditaction.org.uk)
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Home / Prepaid Credit Cards
Prepaid Credit Cards
Since its introduction, the prepaid card has become a gateway to safer shopping because of PIN protection and a tool for online spending and day-to-day budgeting for consumers in the UK, especially those that are unable to get standard bank accounts with debit cards, or credit cards.
| Product Name | Setup Cost | Monthly Fee Rate and period | Reload fee | ATM Fee |
|---|---|---|---|---|
-
Orange Cash Prepaid MasterCard
-
£5.00
-
£0.00
-
£0.00
-
UK: 2.95%
Abroad: 2.75%
- Get rewarded as you spend! 1 point for every £1 you spend
- Contactless payment for items up to £15
- Covered for loss and theft
- Instant approval if you are over 18 and a UK resident, subject to ID checks
-
ClearCash iCount PAYG
-
£4.50
-
£0.00
-
£0.00
-
UK: 0.75p
Abroad: £1.50
- BudgetMaster tools to track and manage your expenses
- FREE 6 monthly financial health check
- Instant approval if you are over 18 and a UK resident
-
Cashplus Fee Free Offer
-
£4.95
-
£0.00
-
£0.00
-
UK: £0
Abroad: £0
- Free on cash withdrawals for first 3 mths - normally £0.99
- No monthly fees for first 3 mths - normally £4.95
- Credit builder option
- Instant approval if you are over 18 and a UK resident
-
Kalixa Prepaid MasterCard
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£6.95
-
£0.00
-
£0.00
-
UK: £1.75
Abroad: £2.25
- No foreign exchange fees, commission or transaction charges
- No monthly fee and FREE to load via bank transfer
- Contactless payment for items up to £15
- Instant approval if you are over 18 and a UK resident
-
Virgin Money PAYG
-
£9.95
-
£0.00
-
£0.00
-
UK: 2.95%
Abroad: 3.50%
- The only Visa Prepaid card - accepted everywhere
- Great discounts from Virgin companies
- Instant approval if you are over 18 and a UK resident
-
Card One Banking
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£0.00
-
£12.50
-
£0.00
-
UK: £1
Abroad: 2.75%
- Fully managed bank account for £12.50 per month
- No hidden bank charges
- Instant approval if you are over 18 and a UK resident
-
Virgin Monthly
-
£9.95
-
£4.75
-
£0.00
-
UK: £1.50
Abroad: £1.50
- The only Visa prepaid card, accepted everywhere
- No UK transaction charges + Virgin discounts
- Instant approval if you are over 18 and a UK resident
-
Freedom PAYG
-
£5.99
-
£0.00
-
£1.00
-
UK: 1.50%
Abroad: £2.50
- Get £5 online cashback once you spend £25
- Discounts of up to 44% in over 20,000 retailers
- Credit builder option
- Instant approval if you are over 18 and a UK resident
-
Tuxedo Pay As You Go
-
£9.95
-
£0.00
-
£0.00
-
UK: 1.50%
Abroad: £2.25
- Best Prepaid Card Provider - 2011 Consumer Moneyfacts Awards
- Get your primary card and add a companion card through eccount
- Instant approval if you are over 18 and a UK resident
-
Bread
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£7.50
-
£0.00
-
£0.00
-
UK: £1.50
Abroad: £1.99
- Get £5 cashback when you register at www.breadcashback.com
- Earn cashback when shopping at over 1,000 leading online stores
- Instant approval if over you are over 18 and a UK resident, subject to ID check
Prepaid Cards
Plus, prepaid cards have offered a new way to receive a salary for Britons who can’t get or don’t want a bank account and people who have just arrived in the UK from abroad.
It is well worth noting that prepaid cards do not come with a credit facility like a credit card and are referred to as 'prepaid credit cards' because of the plastic card functionality they share with credit cards; namely that you can use them securely with a PIN and also to buy goods and services where a credit card, or debit card for that matter, might otherwise be used.
What’s more, you can now get prepaid cards which are designed to offer an alternative payment method for shopping abroad. Travel prepaid cards are safer than carrying cash because they are protected by a PIN while also offering the convenience of cash as they are accepted across the world wherever a MasterCard or Visa sign is displayed (you will either have a prepaid MasterCard or a prepaid Visa).
Couple this with the fact that travel prepaid cards are often free to use to pay for goods and services abroad and you have an attractive alternative to using your debit card, which will charge foreign transactions fees when used abroad, for your holiday purchases.
The security of prepaid cards is heightened when you consider that the card isn’t linked to a bank account, like a debit card, or a credit account, like a credit card, so if your card is stolen, the thieves can only get their hands on the money already on the card.
They are also great for giving kids allowances, allowing them freedom to buy things for themselves online, better security than carrying cash and enabling them to budget their pocket money.
Home / Prepaid Credit Cards
Product Offers
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.