Tuxedo Prepaid Card Review
Overview
The Tuxedo eccount MasterCard® Prepaid Card is a payment Card that can be loaded with money by you or someone else.
It looks just like any normal credit or debit card, with a Card number, Chip and signature strip. But Prepaid Cards are unlike credit cards, which provide you with a line of credit. They are also very different from debit cards which are linked to a bank account. This is because you can’t borrow money with a Prepaid Card – you can only spend the money you have loaded onto it.
The Tuxedo eccount MasterCard is a flexible ‘pay-as-you-go’ MasterCard card. It can be used at over 25 million retail outlets worldwide.
Main Good Points
The Tuxedo MasterCard is a new pay as you go prepaid MasterCard card, which costs £9.95 to get, The card fees depends on if you want a to pay a monthly fee or pay as you go.
Bad Points
Cannot find a bad word to say about the card.
Service
The customer service level is exceptional as expected. SMS balance texts cost only £0.08 and customer service calls from a BT landline are charged at local rate or you can use the online facility for free
Card Features
Tuxedo eccount currently offer additional benefits when you use your card.
Discounts on exchanging foreign currency -
Great Hotels of the world – an amazing 60% discount -
American Airlines – 15% discount on return transatlantic flight to USA -
Hertz car hire – 10% off best available rates plus a free one-car class upgrade.
Application Process
Can be done at retail outlets or online the form takes an average of a minute to complete with an easy step by step guide and as you would expect secure website protection, make sure you have a form of ID before you start either your passport (digital passport no required) or UK driving licence. Once you completed the form you can either pay online or Tuxedo eccount will send you a welcome pack in the post for you to pay via the postal order, SMS or credit or debit card or you have the option of paying by tuxedo voucher which are sold at PayPoint outlets.
Using Abroad
The prepaid MasterCard is very flexible you can convert your card in foreign currency and use worldwide including getting your cash via ATM’s. This is a safer alternative then carrying cash when going on holiday.
Reload
Cost of loading cash onto the Tuxedo Card is 3% at Paypoint or by credit or debit card and £0.99 at the Post office, Minimum load is £10.00 maximum single load is £1500.00.
Monthly Card Fees
Card issue fee £9.95
Monthly fee £4.99
Payment processing fee FREE
ATM’ UK and International £0.50 and International £2.25
Annual renewal fee FREE
Pay as you go Card Fees
Card issue fee £9.95
Monthly fee None
Cost per transaction 2.95% min £0.99 max £1.50
ATM UK 1.5% min £0.99 max £1.50
ATM Intl 2.95% min £0.99 max £1.50
Annual renewal fee FREE
Complaints Procedure
I have been informed that they process complaints quickly available online or over the phone. They also have a dedicated line for lost and stolen 24/7. All details are easy to find on their website.
Card Design
Available in one design, a nice looking card
Currency Available & Limit
Card limit is £3,000 and currently the card is only available in GBP (£)
Main Features
Get £5.00 free when you first top up your card min £50.00 - Receive up to 15% Cashback when you shop online at over 500 retailers. Get excellent currency exchange rates better than high street banks.
Compare Prepaid Overall Card Rating
Issued By:
The Tuxedo MasterCard® card is issued by Newcastle Building Society pursuant to licence by MasterCard® International Incorporated. Newcastle Building Society is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/) and is entered in the Financial Services Authority Register under Registration No. 156058.
