Did you know?
£56,058 was the average household debt (including mortgages) in February 2012.
Source: Credit Action (www.creditaction.org.uk)
Prepaid Blogs
- Cash, Card or Sticker? 19 Apr 2012 | Read More ›
- Should we be wary of prepaid cards? 20 Feb 2012
- How will Google Wallets impact on credit card use in the UK? 28 Nov 2011
Everyday Prepaid Cards
If you need to make payments using a card, for example online, but can't get a credit card or a debit card through a bank account then you may want to consider getting a prepaid card.
Prepaid cards do not come with credit facilities and so are ideal if you have a poor credit history because there are no credit checks involved. However, some prepaid cards offer you the chance to build your credit rating, which has made them very popular. Read more...>
| 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
-
£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
-
£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
-
£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
They are also commonly given as gifts, much like a store voucher, because the card can be used in millions of stores worldwide and are safer than carrying cash.
The term 'Everyday Prepaid Cards' is used to describe the pre pay cards used for day-to-day use by consumers living in the UK. This could be consumers with poor or non-existent credit histories, newly-arrived immigrants that can't get bank accounts or parents that manage their children's pocket money with a prepaid card, amongst others.
The fees on everyday cards differ to travel prepaid cards - you wouldn't get the best deal if you used an everyday prepaid card abroad just as you wouldn't get the best deal by using a travel prepaid card in the UK. This is why it's important to make sure you compare prepaid cards by type so you get the best card for your needs. Plus, you can have as many prepaid cards as you like so there's no reason you can't have one for everyday use and then keep one stored (empty) with your travel documents ready for loading when you plan to go abroad.
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.