Prepaid Credit Cards UK | Credit Cards | Prepaid Mastercard

U Account Card

select

Application FeesFree
Transaction Fees£0.50
Monthly Fees£5
ATM Charges£0.50
Top Up FeesFree

Apply Now

More Information

Tuxedo Pay As You Go

select

Application Fees£9.95
Transaction Fees2.95% with min £0.50 to max £1.50
Monthly FeesFree
ATM Charges1.5% (min 99p / max £1.50) - £2.25 abroad
Top Up FeesFree up to 3%

Apply Now

More Information

Pockit Pay As You Go card

select

Application Fees£5.00
Transaction Fees
Monthly FeesFree
ATM Charges£1.50 in UK - £2.25 using abroad per ATM
Top Up FeesFree Options to PayPoint is 3% of value

Apply Now

More Information

Cashplus Freedom

select

Application Fees£5.95
Transaction FeesFree
Monthly FeesFree
ATM ChargesFree
Top Up FeesFree (except E Pay is £2.00)

Apply Now

More Information

Card One Banking Account

select

Application FeesFree subject to £12.50 load
Transaction FeesFree - £1.50
Monthly FeesFree£12.50
ATM Charges£1.00 in UK - £3.00 abroad
Top Up FeesFree up to £2.00

Apply Now

More Information

Prepaid Credit Cards

All About prepaid credit cards. As Prepaid credit cards are useful tools that are often utilized to improve one's credit. When someone is not able to make their payments on time or has other financial trouble, their credit can be hit pretty hard. But, a prepaid credit card can help them get back in good standing with lenders. It works essentially the same as a debit card and only allows you to spend money that you have already got. This will help you avoid many of the pitfalls that have given credit cards notoriety for being financially ruining.

To open a prepaid credit card, you will have to deposit a small fee. The charge is usually between 5 and 10 dollars. After that, you can collect any amount of money through your bank account. This money is added to the balance of the card. After it has a balance, you can use it just like a regular credit card, to do anything that you would regularly do. Therefore you are given the convenience of a credit card without the temptation to spend more than you have.

Prepaid Credit Cards UK

Your activity on a prepaid credit card is reported to the credit bureau, so over time, you can gradually regain your credit to decent standing. With poor credit, if you try to get a regular credit card, you won't be able to find anything with proper terms. You'll have to buy with high rates and inflexible deadlines. But if you can improve your credit with a prepaid credit card, you'll be able to get a regular card with terms that you can agree to.

MasterCard Prepaid Cards

Listed below are some of the advantages of using a prepaid card?

  1. Everyone, including those with bad credit, is eligible for obtaining a prepaid credit card.
    There are no income proof, credit checks, and no employment verification. Approval is always guaranteed.

  2. Since deposited money gives prepaid credit, you do no need to worry about issues such as increasing debt, late payment fees, and associated penalties.

  3. Prepaid credit cards operate in a similar way to debit cards. They are different from a regular credit card because they do not offer any credit facility. One can spend only the amount that is deposited in the account. Hence, the name "prepaid credit card" is, perhaps, a misnomer.

  4. These cards are widely accepted at all merchant locations around the world. They can be used on the internet and phone.

  5. The risk of overspending can be avoided. In a way, prepaid cards can increase financial discipline in a person and help build healthy financial habits.

  6. Like regular credit and debit cards, prepaid cards are also protected by a secure PIN number. Transactions on these cards can be tracked online or by using a phone. One can use these cards to get instant cash from an ATM.

  7. Prepaid credit reports are useful in improving the credit history of the borrower.

  8. Many companies offer incentives and rewards to customers for referrals.
MasterCard Prepaid Credit Cards

Disadvantages of prepaid credit cards?
One downside of prepaid credit cards, however, is that most prepaid credit card companies require a setup fee to both open and maintain the prepaid credit card account. You will be necessary to pay taxes on your cash deposits, and you may be required to pay an annual membership fee, much in the same way as you would an ordinary credit card.

Another real disadvantage is that most online vendors don't acknowledge prepaid credit cards as instalment. This is because they have no ensures that the record can entirely cover payment for an online buy. This can be troublesome for prepaid credit card holders to pay for month to month memberships to Internet specialist co-ops, or to purchase things that are sold at zero percent enthusiasm, with a particular sum deducted from the credit card at settled eras.

UK Prepaid Credit Cards

On the off chance that you are connected with purchasing and utilizing a prepaid credit card, observe these focal points and inconveniences. In spite of the fact that you have the comfort of not conveying money, you will be unable to buy the same number of things as you wish, or from the same number of shippers, however, you see fit. In spite of the evidence that you may require paying extra expenses for your record, you can control your general spending and keep yourself out of obligation.

Copyright 2017 :: Compare Prepaid :: All Rights Reserved 27D Bruce Street, Dunfermline, Fife KY12 7AG. +44 (0) 843 886 9544 - Email Us