
The definition of a prepaid credit card is:
A payment card (usually MasterCard, Maestro, Visa Electron or Amex), pre-loaded with your own money, which you can then use wherever the payment card is accepted, including on the internet and abroad.
They have the advantage of convenience, limiting risk, financial regulation and can be used for low risk internet shopping. This is particularly useful for voluntary organisations who don't have credit cards, run projects and have to buy things online (to save money for example).
Below are links to a couple of sites which list a good many, each with similar but slightly different features/charges. We have compiled a list of those which carry no monthly fee.
http://www.which-prepaid-card.co.uk/features/compare-cards-prepaid.html
http://www.moneysupermarket.com/cards/credit_card.asp
Issuer/Card | Card Application Fee | Monthly Fee | Withdrawal Fee | Reload Options | Exclusive Features |
Prime Payment Card | £3.00 | £0.00 |
UK ATM: 75p
|
Face to face
| |
360money Splash Plastic
| £5.00 | £0.00 |
UK ATM: £1.50
|
Internet Face to face
| No monthly fees or bank account transfers fees, instant approval and now earn cashback at 1000's of retailers |
Quidity | £5.00 | £0.00 |
UK ATM: £1.50
|
Internet Face to face
| |
The Sun Prepaid MasterCard | £6.49 | £0.00 |
UK ATM: 1.50% (99p minimum, £1.50 maximum)
|
Internet Face to face
| |
The On-X Prepaid Maestro Card | £6.99 | £0.00 |
UK ATM: £2.00
|
Internet Face to face
| |
The News Of The World Pay As You Go | £6.49 | £0.00 |
UK ATM: 1.5% (minimum 99p, max £1.50).
|
Internet Face to face
| |
Lloyds TSB Travel Money Card | £7.50 | £0.00 |
UK ATM: £1.50
|
Internet Telephone
| |
Club 18-30 | £8.95 | £0.00 |
UK ATM: 2
|
Internet Face to face
| |
Cashplus Gold Pay as you go
| £9.95 | £0.00 |
UK ATM: £2.00
|
Internet Telephone Face to face
| Multi-purpose MasterCard. 100% acceptance, instant approval and FREE top ups at the Post Office and at over 500 retail outlets |
Tuxedo Prepaid | £9.95 | £0.00 |
UK ATM: 1.5%
|
Face to face
| |
Virgin Pay As You Go Card | £9.95 | £0.00 |
UK ATM: 2.95%
|
Internet Face to face
| |
FairFX Currency Card | £9.95 | £0.00 |
UK ATM: £1
|
Internet Face to face
| |
Tuxedo Pay As You Go | £9.95 | £0.00 |
UK ATM: 1.5% (minimum 99p, max £1.50)
|
Internet Face to face
| |
Ministry of Sound | £9.99 | £0.00 |
UK ATM: £1.50
|
Internet Face to face
| |
Post Office Travel Money Card
| £10.00 | £0.00 |
UK ATM: £1.50
|
Telephone Face to face
| The convenience of plastic with the security of traveller's cheques |
BREAD | £10.00 | £0.00 |
UK ATM: £1.50
|
Face to face
|