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BaBeeCard (pre-pay Mastercard) - too good to be true?
On_A_Mission_7
Posts: 138 Forumite
I've just come across this prepay credit card and it looks perfect for my needs - http://www.babeecard.com/index.html
It has a £14.95 purchase fee but other charges look fine (free for me as I'd do bank transfer and only use it in the UK for food/toiletries shopping) and it gives 12 months access to a discount club giving the likes of 5% discount in Asda & Sainsbury plus loads more. There's also a moneyback promise if you don't save the cost of the card over the year term. There's no credit check, you just have to meet the identity verification, and I can't see anything in the T&Cs that mean I can't have one.
What do you think? Too good to be true?
It has a £14.95 purchase fee but other charges look fine (free for me as I'd do bank transfer and only use it in the UK for food/toiletries shopping) and it gives 12 months access to a discount club giving the likes of 5% discount in Asda & Sainsbury plus loads more. There's also a moneyback promise if you don't save the cost of the card over the year term. There's no credit check, you just have to meet the identity verification, and I can't see anything in the T&Cs that mean I can't have one.
What do you think? Too good to be true?
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Comments
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Most of us have a cashplus card and swear by them.
http://www.mycashplus.co.uk/default.aspx
EDIT: I have just had a look at the Babee and can see why you might like it. Have to say though the Cashplus is the only prepay card that that does purchase protection.at the moment.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0 -
Thank you for having a look tigerfeet.
I think I just like the idea of keeping the food money totally separate to the bills account and maybe saving a bit of money in the process, especially on the nappy mountain we are creating. I'm not sure what benefit purchase protection would give us when it's just for food and cleaning stuff and toiletries and whatnot.0 -
If you are not going to use it for big purchases then purchase protection doesn't really matter. Seems like a good plan to get your housekeeping money seperate and will help you budget.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0
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Looks good. The only drawback I can see is that to get the discount from Sainsburys, Asda, Argos etc., you have to buy vouchers or gift cards from the discount club, so might take a bit of forward planning.Accept your past without regret, handle your present with confidence and face your future without fear0
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Well, I've gone for it - I'll let you know if it's any good or if it proves to be more hassle than it's worth.0
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I have a cashplus prepaid and also have recently got a paypal prepaid.
paypal is £4.95 to purchase, free to load through paypal ( 24 hours to load) or £1 to load at post office ( 24 hours to load) or £1 to load at Paypoint.
Last few weeks I have loaded my grocery money onto it and used to buy my groceries every few days, it is free to use and I think it is great.
I will still keep mycashplus card for large purchases ( did not realise it give protection) but will use the paypal for day to day groceries.TOTAL 44 weeks lose. 6st 9.5lb :T0 -
So...how do these 'prepay' cards work then ?? Where do you get them ?? Are they recognised at most shops and for online purchases ??0
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You load them up with money, then you go and pay for your goods like a normal CC. There is no credit as you can only spend the money you have put on them. They look like a normal card and you can use them where ever you would use Visa or Mastercard. You can top them up via your bank account, Post Office, Pay Point, Money Shop. You don't pay interest on them, you pay a fee either when you top them up, monthly or per purchase depending on the card.
The one most of us have is the Cash Plus card
http://www.mycashplus.co.uk/default.aspx
Though there are many on the market, if you search for pre pay cards on the forum you will find plenty of threads to look at.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0 -
I have Cash Plus and they have changed their terms and conditions since some of these posts have been made. For example you can load for FREE at the Post Office. Cash from ATM is now 99p (in the UK). You can also close the card by internet if it is lost or stolen and ask questions by e-mail.
If you are paying extra because you want to pay by cheque (Sky, Virgin, ISP, etc.) then they can pay for themselves very quickly.
There is another advantage - that hasn't been publicised. Subscription cheaters. Companies know that people sign up for a year (for anti-virus or whatever) and then pull the plug before the renewal date. Companies try and grab the money early (from credit/debit cards) before the user has a chance to do the 11th hour cancel.
They can't take money if it isn't there!
Whatever the case -- learn when your renew dates (ask if they don't volunteer it) and make sure you are topped-up. It is also wise to check every day via internet to see you are not getting any surprise charges. For example Amazon take a small charge when you open an account (but buy nothing) and this charge is allowed to lapse (the money is NOT taken and returns to your account). They do this to check the card is legit.
While only a pound it can make the account short for a real payment. It is wise to have a few pounds extra in the account to give you elbow room if you are a big internet shopper.
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Can I ask a very stupid question here, why would you need one of these cards does the co op account not come with a debit card? Sorry to ask if it is here already but I would like to know so I can plan what I have to do.
I am with Nat West and have been for 3 years, it is a basic account as I opened it when I entered into the IVA but the bank have no idea I have an IVA as it was opened a week before it happened. I am not sure they will allow the account when I go BR so I would like some information on this card, if I have a debit card with co op I am wondering why I would then pay for a card like this one?Some Days are Diamonds Some Days are Stones,Sometimes the hard times won't leave meBSC 162:beer:Banktupt 22 Oct 2008 at 10am!0
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