Prepaid Gold Card Now

Prepaid Gold Card

Whether you are looking to undertake responsible lending with a credit card or look into the benefits of a prepaid credit card, you can be sure to get the latest news on Compare Prepaid.

The Cashplus prepaid gold card offers an excellent prepaid credit card with minimal fees and almost universal use. While conventional credit cards involve borrowing a sum of money and then paying it back either in full or in installments (usually with an interest rate), prepaid credit cards work slightly different. As suggested by the name, a prepaid credit card must first be loaded with cash before it can be used to make purchases.

Why a prepaid credit card?

There are numerous benefits to using a prepaid credit card. Firstly, you will never be spending money that isn't yours. This prevents debt from being accrued in your name, which can sometimes be stressful or burdensome. Secondly, you will be afforded the purchase protection that is enjoyed by credit cards and protected by legislation, so you will always be covered for online fraud or the misrepresentation of goods. A prepaid credit card can also be used to improve your credit rating, which can help secure larger lending such as car financing or a mortgage.

Main benefits of the prepaid gold card

After a small application fee of £4.95, you can enjoy three months of no fees and unlimited use inside the UK. What's more, it carries purchase protection as covered by section 75 Consumer Credit Act 1974, which safeguards you against receiving faulty goods or being the victim of online fraud. Should such an event arise, you can recover your payment even if already received by the merchant. This type of protection is not afforded by a standard debit card.

One of the outstanding benefits of the prepaid gold card is the Creditbuilder feature. This can be enjoyed simply by paying the £4.95 monthly fee for using the card (after the initial three month period) on time. Creditbuilder is an excellent service that allows you to improve your credit rating without lending any money. If your credit rating is currently in a poor state and you are being rejected for conventional credit cards, you will be able to secure this prepaid card without credit checks.

Another advantage of a prepaid gold card is that it eliminates the need to carry cash with you. It carries the Mastercard acceptance mark, so can be used in the majority of shops or online stores worldwide. If you do need cash, there is just a small charge of 99p per transaction at an ATM. While the maximum amount of cash you can load onto this card is £5,000, you can apply for additional cards at no extra cost, provided you load them with a minimum of £20.

The prepaid gold card benefits from all the protection of a conventional credit card without the lending element, meaning you are in control of your own money at all times.

21st Century Children Travelling Further Afield

21st Century Kids not afraid of Travelling Further Afield Children are travelling further afield and to a wider range of destinations than ever before, a recent survey revealed. The proportion of families going overseas for their holidays has risen significantly, the study by Aviva Travel Insurance found. While 94 percent of adults admit their children had been abroad before the age of 16, only 39 percent had been abroad themselves by that age. “It is often said that the world is getting smaller and nowhere is the huge increase in the extent of our travel more apparent than the distances and r…

Read more...

Payment Changes for AA credit card

AA credit card payment changes AA is the latest credit card to change the way customers' debt payments are allocated. From the start of September, the most expensive debts will be paid first. MBNA announced similar changes last week. Both companies have introduced the changes in advance of the government set deadline on January 2011. It means balances with lower interest rates will be paid last so that more expensive debts do not escalate. AA Financial Services director Mark Huggins says "The AA welcomes this positive move, which will save money each month for any customers who have…

Read more...

AA Prepaid Card Launched

New AA Prepaid Card also a travel card A new Prepaid Euro Travel Currency MasterCard has been launched by AA to make autumn breaks easier to fund. This prepaid card follows the findings from a recent AA survey showing families are cutting back on holiday spending due to the rocky economic climate with 56 percent admitting to having changed or changing their holiday plans as a result. The research also showed 25 percent plan to take a holiday in Europe rather than further afield and 25 percent are looking to take a cheaper holiday outside the UK. Loaded with Euros, the new travel money card…

Read more...

teaching children good habits starts by the age of seven

Adult money habits set by the age of seven The importance of teaching children good habits when it comes to how they handle money and finances has been highlighted by a new report which shows that core behaviours are set in stone by the age of seven. Children money New research published by the Money Advice Service has shown that parents can influence how their children will behave as adults when it comes to making financial decisions. Caroline Rookes, CEO of the Money Advice Service, said of the findings: “This study really demonstrates the power of parental influences, and illustrates how m…

Read more...

Africa is now more accessible with Fastjet

Africa becomes more accessible with Fastjet Parts of Africa’s economy are booming, but for years business and tourism has been stifled by a vital part of the continent’s infrastructure: transportation. Long road journeys are viewed as notoriously dangerous, and can be extremely time-consuming when the cities can be hundreds of mile apart. Africa That’s why it’s exciting to hear that Fastjet has just been given clearance to start offering low-cost international flights from Tanzania to a range of African countries - including South Africa, Rwanda and Zambia. It is thought the move will encoura…

Read more...

RBS boss is questioned by Ratings agencies

Ratings agencies questioned by former RBS boss A change in the way that credit ratings agencies operate has been called for by former chairman and CEO of the Royal Bank of Scotland, Sir George Mathewson. Business presenter Simon jack was told by Sir George Mathewson that ratings need to be "as accurate, fair and balanced as possible". He added: "I don't understand why there is so much emphasis on protecting a status quo which has been clearly seen to have failed." Fitch, Moody’s and Standard & Poors, the three big credit ratings agencies, have been accused of being b…

Read more...

Your Basic Rights to getting a Basic Bank Account

The basic Right To Have A Basic Bank Account I will not be surprised if our children read getting a basic bank account as a constitutional fundamental right. Just like every citizen is entitled to food and shelter, on similar lines now each person is entitled to have their basic bank accounts. Government's declaration in March 2010 that everyone should have guaranteed access to a basic bank account by 2015 is then definitely a step in the right direction. It is actually not feasible for everyone to get a bank account in a high street bank. Especially in the post-credit card era, where almost…

Read more...

£645m Recovered From Lost Bank Accounts

£645m Recovered From Lost Bank Accounts Thanks to a free UK financial tracing service, up to £645 million has been returned to owners of lost or forgotten UK bank accounts over the last five years. This is thanks to the service My Lost Account. Since launching in 2008, the scheme has seen approximately 315,000 people use the service. This has resulted in around 580,000 search applications, according to the service, which is run by National Savings and Investments, British Bankers' Association as well as the Building Societies Association. The UK Service My Lost Account allows users to find l…

Read more...

Planning your next holiday - Save Using Prepaid Abroad

Whether you have plans to go abroad for a holiday or an official trip, it is always better to buy a travel money card. This article highlights certain points to be kept in mind before you buy these cards in the UK. To get the best exchange rate, it is better to buy your travel money cards well in time. Buying your travel cards in haste will leave you with very little time to monitor the exchange rates prevailing in the market. You will also not get enough time to compare the companies providing these cards. Moreover, no time will be left to compare the various types of travel cards in order…

Read more...

Consumer Financial Protection Bureau (CFPB)

It is evident that times have changed in terms of the mode of payment and money transfer globally. From the old system of sending of currency physically in letters, or even purchasing goods by paying money physically, to a later advancement of transferring or wiring money online and the introduction of using cards to acquire and send money. The latest developments include the genesis of the prepaid card and the prepaid bank accounts, with the card holders having numerous benefits over the people using the normal bank accounts. All of these fall under the prepaid news. Many have always…

Read more...

Trouble For Swiss Secret Bank Account Holders

Trouble For Swiss Secret Bank Account Holders Switzerland is arguably the most notorious tax haven. Though talked about in hushed tones, the country is believed to be the favorite of errant politicians, tax evaders, and criminals when it comes to money laundering. Since the adoption of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the early 2000’s requiring countries to share financial information about their citizen’s foreign accounts, Switzerland has been embroiled in several court battles with different countries about aiding foreign nationals in abe…

Read more...

Newsletter

Receive updates direct
to your inbox..

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