£56,058 was the average household debt (including mortgages) in February 2012.
Source: Credit Action (www.creditaction.org.uk)
People going abroad on holiday are increasingly being advised to use a prepaid credit card for their vacation spending. This is because using a prepaid credit card abroad comes with added benefits, including extra security, convenience and more preferable exchange rates on currency. Read more...>
| Product Name | Setup Cost | Monthly Fee Rate and period | Reload fee | ATM Fee |
|---|---|---|---|---|
Cashplus Fee Free Offer
£4.95
£0.00
£0.00
UK: £0
Abroad: £0
Kalixa Prepaid MasterCard
£6.95
£0.00
£0.00
UK: £1.75
Abroad: £2.25
Caxtonfx Global Traveller
£0.00
£0.00
£0.00
UK: £1.50
Abroad: £0
Virgin Prepaid Travel Money Card Euro
£0.00
£0.00
£0.00
UK: €1.50
Abroad: 2.75%
my Travel Cash Euro Prepaid MasterCard
£0.00
£0.00
£0.00
UK: €0
Abroad: 0%
Virgin Prepaid Travel Money Card Dollar
£0.00
£0.00
£0.00
UK: $0
Abroad: 3.50%
FairFX Anywhere Prepaid
£0.00
£0.00
£0.00
UK: 1.50%
Abroad: 1.50%
Escape Travel Prepaid
£0.00
£0.00
£0.00
UK: £2
Abroad: FREE
my Travel Cash US Dollar Prepaid MasterCard
£0.00
£0.00
£0.00
UK: $0
Abroad: $0
BreadFX Euro Prepaid MasterCard
£0.00
£0.00
£0.00
UK: €2
Abroad: €1.50
Moneybookers Prepaid
£8.30
£0.00
£0.00
UK: €1.80
Abroad: £0
Plus, these days travellers are aware that if they do take a prepaid credit card with them on their holiday, they will be able to use it in most destinations.
Travellers Cheques still remain popular, but they do not come with some of the added benefits seen with a travel prepaid card. Taking huge sums of cash is obviously even less desirable because it is hard to prove how much you had should it get stolen.
There are a range of travel prepaid credit cards that have been designed especially for use abroad and it is important that you consider your individual needs and circumstances when you compare prepaid cards because some charge commission on purchases overseas, but, fortunately, some don't.