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    • NewlandA
    • By NewlandA 13th Sep 17, 5:10 PM
    • 3Posts
    • 0Thanks
    NewlandA
    best card for budgeting?
    • #1
    • 13th Sep 17, 5:10 PM
    best card for budgeting? 13th Sep 17 at 5:10 PM
    Hi everyone

    Hope you can help me.

    I started tackling my credit card debt recently, and one of the ways I did that was using Monzo. They had a prepaid card, and I used it to transfer any spending money i had for the month onto it and really get my spending under control. I managed to half my credit card debt using this.

    The issue? Monzo are now in the process of turning everything into proper bank accounts. While I understand that's great for them, it's a bit annoying for me. I don't reallllyyy trust myself to go back to any sort of credit card and if Monzo is just going to be a normal bank then I might as well just open a new account with my current bank and use that.

    I'm hoping to have the debt paid off a few months after Christmas, but I'd really like any recommendations for alternative pre-paid cards to use in the meantime
Page 1
    • NewlandA
    • By NewlandA 13th Sep 17, 5:16 PM
    • 3 Posts
    • 0 Thanks
    NewlandA
    • #2
    • 13th Sep 17, 5:16 PM
    • #2
    • 13th Sep 17, 5:16 PM
    And also any advice about alternatives to a pre-paid card which could work better for me would be awesome!
    • SnowTiger
    • By SnowTiger 13th Sep 17, 6:33 PM
    • 3,038 Posts
    • 2,007 Thanks
    SnowTiger
    • #3
    • 13th Sep 17, 6:33 PM
    • #3
    • 13th Sep 17, 6:33 PM
    And also any advice about alternatives to a pre-paid card which could work better for me would be awesome!
    Originally posted by NewlandA
    Loot?

    The card is free, no fees for purchases or top-ups via bank transfer or debit card.

    £1 for each cash machine withdrawal after the first two months.

    They offer online account access and an app.

    There's also a feature that will let you set a weekly budget.

    Revolt is another top up and spend card, with a few fees. Card costs a fiver, no charge for topping up via a bank transfer or debit card. No fees for the first £200 of cash machine withdrawals.

    And Pockit. Most things are free or cost 99p. There's a 99p fee for the card, top-ups via debit card and cash machine withdrawals. No fees for purchases and top-ups via bank transfer. Pockit also offers cashback at some stores.

    All figures based on UK use. Check the fee tables if you plan to use abroad.
    • glenrothes
    • By glenrothes 18th Sep 17, 10:02 PM
    • 7 Posts
    • 27 Thanks
    glenrothes
    • #4
    • 18th Sep 17, 10:02 PM
    • #4
    • 18th Sep 17, 10:02 PM
    Why would the status of where the money is held make any difference?

    Nothing changes from your side (besides being given a new card).

    You can continue to use the app the same as before, and continue to only top-up when you want to, as before.

    Features like Direct Debits will now be there, but you don't have to use them...
    • NewlandA
    • By NewlandA 19th Sep 17, 1:17 PM
    • 3 Posts
    • 0 Thanks
    NewlandA
    • #5
    • 19th Sep 17, 1:17 PM
    • #5
    • 19th Sep 17, 1:17 PM
    It's a psychological thing, it ties in with how my mind approaches finances.
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