Monarch Prepaid Card Review

Published on 19 August 2010 by Raffick Marday

Monarch Prepaid Card Review

Monarch have launched two new Travel Money Cards called the Monarch eurozone card which is free to get once you first preload your eurozone card. There is also the Monarch worldwide which gives you discounts when you use your card. The Worldwide card is £9.95 to get or You can avoid this fee by loading more than £500 on your card.

  • Free card and no annual fee
  • Exchange Pounds to Euros when loading your Monarch card online
  • Great exchange rates with no commission mean that you could save money
  • Use your Monarch card to spend or withdraw cash abroad
  • Designed to be a cheap alternative to using your normal credit or debit card abroad
  • Chip & PIN protection and dedicated Lost & Stolen - unlike cash, our security measures help prevent your funds being spent if lost
  • No credit application
  • Standard delivery within 5-10 working days
  • Express delivery option for delivery within 1-2 working days

Why get a Monarch Prepaid MasterCard?

By getting a Monarch card you can save up to 50% at over 25,000 shops and services in the UK for just £9.95. Monarch have partnered with major retailers, local stores, restaurants or other outlets, your Monarch card can get you exclusive discounts. When you order a worldwide + discounts card you automatically with Monarch Countdown discount scheme, allowing you to save money on everyday purchases, days out and even your home improvement projects.

What sort of service do they offer?

No extra fees – receive the best exchange rate when buying holiday money, with no commission fee. There's no need to purchase currency every time you go abroad, just top up at your convenience at any local Lloyds branch or over the phone.

You may think nothing of carrying cash abroad, but travel insurance policies will only cover a limited amount of your money if it is lost or stolen. With Monarch Travel Money Card they provide 24/7 help and will replace the card with your current balance loaded.

Payment plans and prepaid card benefits

With a Monarch prepaid MasterCard is a Pay as you go which you preload with foreign exchange before you use. Being a Prepaid MasterCard it can be used at 28 million retail outlets and 1.5 million ATM machines worldwide. There is no credit check to get you prepaid MasterCard where your account balance must not exceed £3000.00 and currently the travel money is available as eurozone card or worldwide money card.

Who can apply for a card?

The Monarch Travel Money Card is MasterCard branded where anyone over the age of 18 years can apply for an account. Online secure application which takes a few minutes to complete, you will require your passport to confirm your identity where you choose either a Eurozone or Worldwide.

NO credit checks are done as you are guaranteed to be accepted as long as you pay for your foreign currency exchange in advance. Even if you have bad credit you can still be accepted.

If you would like to make a complaint about your Monarch card, contact Customer Services on 0845 351 0072. However if you are not satisfied with the outcome of your complaint you can write to Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR.


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